It was the second week in a row that the Markets did not make any major headway; stayed directionless, and ended with just modest gains. The previous days have seen volatility declining; the VIX remains at one of its lowest levels of the recent past. This week as well, there was not much increase in the volatility. The market sentiment remained calm with volatility staying very low. The trading range also remained modest; the past five days saw the NIFTY oscillating in a trading range of 415 points. While continuing to resist the important levels, the NIFTY ended with a modest gain of 87.70 points (+0.49%) on a weekly basis.
