The markets had an incredibly eventful week as they reacted to the exit polls and the actual general election results. All happened in the same week; the Nifty saw itself formin a fresh lifetime high and also came off close to 8% from its peak. A remarkable recovery also followed that led Nifty to a fresh closing high as well. The trading range also remained extremely wide; the Nifty oscillated in a massive 2057.25 points range before closing near its high. The volatility too swung violently. It surged over 40% at one point in time; by the end of the week, it came off by 31.38% to 16.88 as compared to its previous week’s close. Following such a kind of move, the headline index Nifty 50 finally settled with a net weekly gain of 759.45 points (+3.37%).
