The markets wore a largely corrective undertone throughout the past five sessions; it oscillated within a similar range as the previous week and closed on a negative note. The volatility remained on the lower side; as the volatility has been low, the bands contracted as well. As compared to the 362-point trading range in the week before this one, this time, the Nifty oscillated in a 337.40-point range before closing towards its lower end. While continuing to defend key support levels, the headline index closed with a net loss of 208.40 points (-1.06%) on a weekly basis.
