Last week, the markets closed in negative territory on the backof high level selling and weak economic data. Nifty closed down at around 1.4 per cent on a weekly basis. The midcap and smallcap sectors also closed down at around 1.1 per cent and 1per cent respectively. Nifty had resistance at 6125 and 6160 levels. Movements higher than these two levels can give furtheruptrend to the market. On the other hand, if it breaches key support at 5998, then it may test 5962 and more in the coming days.

Numbers
The pharmaceutical company, Suven Life Sciences, came out with its quarterly numbers. The net profit of the company stood at Rs 45 crore in the second quarter, which ended on September 30 2013, as compared to Rs 6.48 crore in the same period last year. Total revenue of the company stood at Rs 151 crore against Rs 50 crore in the corresponding quarter of the previous fiscal year. Suven has spent 9.8 per cent of its revenue on research and development during the half-year, which ended in September 2013. It had 607 product patents for 18 inventions and 35 process patents. The company said that the profit growth was due the introduction of one new product, in addition to twoproducts under contract research and manufacturing services.