After consolidating in the week before this one, the markets resumed their upmove and have ended the present week on a strong note. The markets also navigated weekly derivatives expiry; it did show some signs of fatigue and impending consolidation on the last trading day after rising for four trading sessions in a row. The trading range got a bit wider; the Nifty oscillated in an 824-point range over the past five days. The volatility also surged a bit; India Vix inched higher by 4.72% to 13.80. After trending through the week, the headline index closed with a net weekly gain of 509.50 points (+2.17%). The month has been even stronger; June ended with Nifty gaining 1479.90 points (+6.57%) on a monthly note.
