US- Iran standoff led to a topsy-turvy trading week for the bellwether index, sank below critical 12 K mark

The standoff between the U.S. and Iran led to a topsy-turvy trading week for the bellwether index, which sank below Wednesday's critical 12 K mark, only rebounding sharply in the very next trading session as things seemed to cool off. A strong trading session was witnessed Friday, with the NIFTY gaining 40 points by the close.

The positive sentiment of Friday was mainly driven by the fact that, after three straight months of decl....