After testing the prior top of 18887 multiple times during the last five sessions, the Indian equity markets finally attempted a long-awaited breakout by moving past this point and closing near the high point of the week. While the market breadth improved a bit, the volatility continued to remain near one of its lowest points. The trading range got wider; the NIFTY moved in a 555-point range. The financial space continued to relatively underperform the frontline NIFTY. The headling index closed on a strong note with a net gain of 523.55 points (+2.80%) on a weekly basis. The month ended as well; NIFTY closed with a net monthly gain of 654.65 points (+3.53%).
