The easing of tariff concerns and geopolitical tensions between India and Pakistan, ending strongly in India’s favor without much escalation, strongly impacted the markets in a positive way. The Nifty surged higher over the past five sessions and ended the week on a strong note. The week started with a massive gap-up opening that saw the Nifty registering its biggest single-day gains in recent history. The markets maintained those gains and built on them further during the week. While the Nifty moved in a 737-point range, the volatility dipped sharply. The India Vix came off by 23.49% to 16.55 on a weekly basis. The headline Index, too, ended the week with a robust weekly gain of 1011.80 points (+4.21%).

Categories

RECEIVE FREE! – Weekly Market Outlook and all Special Articles when published

Start Here...