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Max said it has sought both NSE and BSE to reclassify the original promoters on December 8, 2021.

The next week is not likely to be easy as well. Analysts expect the weakness to continue.

The Dow Jones Industrial Average fell 5.55 points, or 0.02%, at the open to 34,702.39.

“We have back to back large films lined up on a weekly basis and this number could even go up to 40-45%. Lastly in terms of the pecking order, we like both Inox and PVR. We have a buy rating on both these counters. We recently upgraded the stocks as well. We have a target price of Rs 2,375 on PVR and Rs 575 on Inox.”

One important reason is lower bond prices mean higher bond yields. Investors who hold bonds for income are pleased when their prices fall, because those bonds continue paying the same income as before.

On the weekly scale also, the NSE benchmark formed a bearish candle. Analysts said the consolidation in the index may continue and that the 17,000-17,450 range may stay intact.

The Nifty IT index closed 1.0 per cent down at 36152.3.

“The single most important factor that we need to watch for the next three to six months is how this liquidity is withdrawn. The US Fed and other central bankers kept the markets at these levels in the last two years and they are at such high levels that only the withdrawal of this liquidity will have an impact on the markets and not war or outbreak of the pandemic."

The 30-share pack Sensex declined 233.48 points or 0.41 per cent to close at 57,362.20. Its broader peer NSE Nifty fell 69.75 points or 0.40 per cent to 17,153. Both indices closed in the end for the third straight day.

The Nifty Realty index closed 1.22 per cent up at 449.15.