Markets were on a correction mode and lost in all five trading sessions during the week. They have now lost for eight straight sessions and appear to have completed their correction for the time being. BSESENSEX was down 1,500.27 points or 3.85 per cent at 37,462.99 points while NIFTY lost 433.35 points or 3.70 per cent to close at 11,278.90 points.