The Indian equities were expected to spend the truncated with on a tentative note. In line with this analysis and as expected, NIFTY exhibited cautious behavior as it traded in a very capped and limited range. The markets did not take any directional bias; they just consolidated with a corrective undertone. The trading range got narrower; the NIFTY oscillated in just a 229-point range throughout the week. During the truncated week, the headline index ended with a net loss of 118.15 points (-0.61%) on a weekly note.
