Indian markets experienced a volatile week as bears maintained control throughout. Weak quarterly earnings from TCS and Infosys, along with a bleak outlook for FY24, had a significant impact on the market, particularly on the Nifty IT sector. Furthermore, disappointing inflation numbers from the UK and Eurozone added to the bearish sentiment. Nifty50 is currently in a consolidation phase and faces resistance. If the index breaks the crucial resistance level of 17700, it could suggest a potential uptrend.