The week that went by saw the Nifty navigating one of the most domestic events of the Union Budget. However, the reaction of the markets to this event was much different than what was expected. On the event day, the markets swung on either side in a lower-than-expected range and ended on a flat note. Over the past five sessions, the markets were largely trading negative but the last trading day turned the negative week into a positive one. However, the Nifty had a wider trading range; the index oscillated in a 786.95 points range over the past five sessions. The headline index closed with a net weekly gain of 303.95 points (+1.24%).
