After sustaining losses in the first four days of the week, Sensex bounced back strongly on Friday closing the week with a return of -1.46 per cent.

Both the BSE Mid-cap (a fall of 0.52 per cent) and Small-cap index (rose 0.43 per cent) outperformed the Sensex.

GDP growth at 6.1 per cent in the June quarter 2009, improving monsoons and a proposal to increase natural gas prices did not excite investors much due to volatile global equity markets and profit booking at higher levels.

Markets this week

Though the markets recovered in the last few trading sessions on Friday, analysts are of the view that this week the cues from the global markets would be crucial.

They expect the markets to remain range bound in the absence of any major positive trigger and institutional investments.

Also, action in both the puts and the calls of 4,700 strike shows that the Nifty may hover around the 4,750 mark.