The disconnect between the economic reality and the market movement was once again evident last week as, despite having largest number of active Covid cases in the world in its second wave of pandemic, the Indian markets outperformed most global markets. Almost all global markets displayed flattish movement last week. Nifty-50 and Sensex both ended in the black on a weekly basis despite profit-booking in the last session on Friday and were up 2.02 per cent during the week. The Nifty and Sensex closed on Friday at 14,631 and 48,782 respectively.