Pulse of the Street: Friday surge helps markets close volatile week in green

Indian markets closed a volatile week with solid gains, led by a Friday surge as West Asia ceasefire signs boosted sentiment and crude oil slipped below $90. The Nifty jumped 2% to 23,622.90 and the Sensex rose 2.3% to 75,527.94 on Friday, both their highest closes since 8 April. India VIX cooled from ~17 to 14.7, while analysts flagged that India is likely to participate in global rallies rather than lead them, with the India-US trade deal first tranche potentially delayed to mid-July.