The markets last week remained in weak territory due to the concerns regarding the US cliff. The markets closed with a weekly loss of around 0.50 per cent each. In the large cap session, Tata Steel and Jindal Steel remained the gainers of last week with a gain of 7.74 per cent and 7.5 per cent respectively. The losers were L&T and HDFC with a weekly loss of 3.19 per cent and 2.92 per cent respectively.

Banking
For attracting more investment in the banking sector, the Parliament cleared the Banking (Amendment) Bill, which gives the Central Bank more power to regulate banks. It also gave way to the RBI to issue new banking licences, raising voting rights for investors in banks and PSU banks to raise capital, through bonus and rights issues. Apart from this, the Parliament also approved the Enforcement of Security Interest and Recovery of Debt Laws (Amendment) Bill, 2012.