As the week came to an end, the equity markets left behind a very eventful week. Two important events were expected to infuse volatility into the markets. The first one was the Union Budget; this event is one of the most major external domestic events that the markets react to. The other one was the Fed Rate hike that came in the late evening on the same day. The Fed, on the expected lines, raised the rates, but at a slower pace. Over the past five sessions, the NIFTY oscillated in a trading range of 618 points; this entire trading range was created on the day when the Union Budget was tabled in the parliament. On this day, the headline index oscillated violently by 300 points on either side. In the end, while ending on a much stronger-than-expected note, the NIFTY closed with a net gain of 249.70 points (+1.42%) on a weekly basis.
