Indian markets have recently been on a roller-coaster ride

The Nifty 50 benchmark index had been awaiting a major trigger to break out of its consolidation phase

In the last fortnight, except for a day or two of bullish trending, the Nifty 50 index has traded within a broad range.

The NSE benchmark Nifty 50 index ended its three-week winning streak

Following a strong upmove in the week before last, during which the Nifty 50 Index surged by around 4.5 per cent