Markets opened on firm note but consolidated in a range after that. Nifty extended yesterday’s gains in today’s session as well. Market breadth and volumes didn’t showmuch improvement for second consecutive session which kept the gains limited. BSE Capital Goods index showed highest gains among sector indices along with IT and FMCG. Oil & Gas index remained under pressure while Auto corrected for second day. Nifty has shown gains for last 3 sessions which is so far a pullback rally after 7 consecutive losing sessions. To extend this rise Nifty has to cross 5660 levels on sustained basis and once that happens 5720 can be next level to test.
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