In a week that has gone by, Indian equities continued to heavily consolidate. They defended key levels for most of the week; it was in the last two trading sessions that the markets came off from their high point while giving up all their weekly gains. The trading range got wider on the anticipated lines. As compared to a 228-point range in the week before this one, NIFTY found itself oscillating in a 354-point range over the past five sessions. Despite giving up the gains from the week’s high point, the headline index went on to close with a negligible loss of 44.35 points (-0.23%) on a weekly basis.
