Continuing with the unabated upmove, the markets went on to post their fresh lifetime highs once again; Nifty has ended on a fresh lifetime high on a closing basis as well. The rally this week was propelled by the Fed which kept the interest rates unchanged. While this was widely expected, what made the markets react so strongly was the commentary by the Fed that hinted at three rate cuts in the coming year. The Nifty traded in a wide trading range; it oscillated in a wide 722.80 points range before ending the seventh consecutive week of gains. The headline index has closed posting a strong weekly gain of 487.25 points (+2.32%).
