Nifty Stays Cautious Near Highs Amid Soft Breadth

The markets largely traded in a range-bound manner over the past week, with the Nifty ending the week on a flat to mildly negative note. Despite a key interest rate cut of 25 bps by the RBI in its monetary policy, the index remained muted on a weekly basis and showed no major directional bias. The Nifty oscillated in a narrow intra-week range of 434.8 points, moving between 25,891 and 26,325.80. Meanwhile, India VIX declined sharply by 11.21% on a weekly basis to close at 10.31, reflecting a continued phase of low volatility. For the week, the Nifty ended with a negligible loss of 16.50 points or 0.06%.