It was a roller coaster ride for the market last week. We saw huge volatility due to uncertainty in global markets and a rising fear of a third wave of the pandemic. The S&P Sensex was down by 0.30 per cent and Nifty50 was down by 0.40 per cent. Bank Nifty was down 3.1 per cent mainly due to inflationary pressure and the IT sector was up 1.3 per cent because of positive quarterly earnings and heavy demand in this sector.