In a truncated trading week, the Indian equities closed the week with gains thanks to a robust technical rebound that it witnessed on Friday. The Nifty continued to wear a corrective look for three days; on the last trading day of the week, the Index managed to get itself into positive territory at close. Had it not been for the technical rebound on Friday, the Index would have been heading to yet another negative weekly close. The trading range stayed wider on the anticipated lines. The Nifty oscillated in the 692.95 points range over the past four trading sessions. The volatility edged higher; the India VIX surged and closed 8.95% higher at 16.10 on a weekly basis. The headline index closed with a net weekly gain of 374.55 points (+1.59%).
