Both the Nifty and the Sensex surpassed near-term barriers, but face a key hurdle ahead

It was a volatile week for Indian equities as the key benchmark indices — the Nifty and the Sensex — traded within a narrow band. Individual stocks were in the limelight, while healthcare, consumer durables and IT stocks led the rally. The President’s assent to the Ordinance to amend the Insolvency and Bankruptcy Code that excludes erring promoters from buying back their stressed assets, boosted ...