Market volatility, as measured by India VIX, has increased by 1.17 per cent, indicating a minor rise in market volatility.

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The domestic equity markets have rallied for the third straight week. In the process, Nifty has erased five weeks of losses in just three weeks, which is just 60 per cent of the time (near Fibonacci number 61.8 per cent).

Technically, the stock has registered a strong price volume breakout from its 57-week cup & handle pattern, which is considered strongly bullish over a medium-long term.