VIX rose through the week, and so did the NIFTY. Over the past five sessions, the Indian equity markets continued to inch higher showing a lot of resilience, and ended with a modest gain over the week. Over the past several weeks, the persistently low levels of VIX have remained a concern; this volatility gauge violated its pre-pandemic 2020 lows when it closed below 11 levels. This indicator also rose; the markets continued to pile up some gains as well. The NIFTY 50 index moved in a 289.40 points range and ended towards its high point just below the key resistance levels. The headline index closed while posting net gains of 245.80 points (+1.36%) on a weekly basis.
