Union Minister for Finance and Corporate Affairs Arun Jaitley with MoS Santosh Gangwar, Revenue Secretary Hasmukh Adhia and Puducherry Chief Minister, V Narayanasamy at the GST Council Meeting in New Delhi yesterday. Pic/PTI

Markets were under pressure in the week gone by and lost ground. This does not suggest that the best is over. Markets would continue to struggle but clearly that they need to consolidate, gather momentum before moving on. The BSESENSEX lost 205.66 points or 0.66 per cent to close at 31,056.40 points, while NIFTY lost 80.20 points or 0.83 per cent to close at 9,588.05 points. The broader indices saw the BSE100, BSE200 and BSE500 lose 0.70 per cent, 0.64 per cent and 0.50 per cent respectively. BSEMIDCAP lost 0.46 per cent but BSESMALLCAP gained 0.76 per cent.