The Indian equity markets attempted to stabilise after an extended period of weakness and ended the week on a positive note, snapping eight consecutive weeks of decline. The Nifty witnessed a technical rebound during the week, but the recovery remained tentative. The index traded in a range of 596.20 points.
Despite the positive weekly close, the Nifty failed to reclaim the crucial 200-week moving average, keeping the broader technical structure vulnerable. Volatility edged higher as India VIX rose 5.67% to 15.28, reflecting continued uncertainty among market participants. The benchmark index eventually settled with a modest weekly gain of 98.50 points (0.44%).
