The previous week was reduced to just a short 3-day trading week as Monday was declared a special holiday while on Friday, the markets remained shut on account of Republic Day. Despite this, the markets remained extremely choppy and traded in a much wider range as they continued to decline for the second week in a row. The week-on-week change may look normal but during these three days, the Nifty witnessed wide-ranging moves with spikes in volatility. During the past three sessions, the index oscillated in a wide 613.05 points range. While continuing to retrace, the headline index closed with a net loss of 269.80 points (-1.25%),
