Last week the market movement was range-bound. In the process, the markets ended lower for the second consecutive week. The negative sentiments were owing to weak and volatile mainly because of fear of Delta variants and uncertainty in global markets. The S&P Sensex was down by 0.70 per cent and Nifty 50 by 0.60 per cent. Bank Nifty was down by 3.1 per cent mainly due to inflationary pressure whereas the IT sector was up by 2 per cent. Nifty metal outperformed the market mainly because of decent quarterly earnings and heavy demand in this sector.