It was the second week in a row that the markets have extended their gains and have ended at a fresh lifetime high point once again. The Nifty consolidated sideways in four out of five sessions in the week that went by; it was the last trading session of the week that saw a strong trending move that took the index to a fresh lifetime closing high. The trading range remained wider on the expected lines; the index oscillated in the 563.70 points range through the week. Volatility inched higher; the India VIX rose 1.91% to 12.79 on a weekly note. Following a largely quiet but ultimately trending week, the headline index closed with a net weekly gain of 434.45 points (+1.71%).
