Nifty Awaits Budget Trigger as Consolidation Narrows

The week gone by saw the markets trading in a defined range while maintaining a positive bias. After witnessing some volatility early in the week, the Nifty oscillated between 24,932 and 25,458 before settling with modest gains. India VIX dropped 3.95% to 13.63, indicating cooling volatility ahead of the event. Overall, the Nifty ended the week with a gain of 272 points or 1.09%.