Week Ahead: NIFTY Stays Crucially Poised In The Coming Truncated Week

The markets traded in a largely range-bound manner through the week and ended with modest gains amid continued consolidation. The Nifty oscillated in a 542-point range as the index tested a high of 23,859.90 while slipping to a low of 23,317.10 during the week. Volatility cooled off further; the India VIX declined 4.68% to 17.91 on a weekly basis, indicating a temporary moderation in market anxiety. The headline index closed the week with a net gain of 75.80 points (+0.32%).