After consolidating for the most of the week, the markets extended their upmove and ended at yet another record lifetime high. In the past four out of five sessions, the markets were seen consolidating and stayed under limited corrective retracement. However, they did found themselves taking support at the short-term 20-Day MA and rebounded from there. On a weekly basis, while the markets consolidated in the previous week, this time, they inched higher. The trading range also widened; the index oscillated in a 479.60 points range over the past five days. Finally, the benchmark index closed with a net gain of 183.75 points (+0.85%).
