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02 Sep 2020, 03:42:10 PM IST
Markets finish higher
After staying largely flat for many a part of the session, markets swung into motion within the final hour of commerce to finish with first rate features for the second day in a row. Sensex rose 185 factors to finish at 39,086 led by features in heavyweights M&M, Tata Steel and RIL.
Bajaj Auto and Asian Paints have been the largest laggards on the index. Eighteen shares rose on the index and 12 declined immediately. The BSE Midcap outperformed the broader market, gaining over 1.3%.
Nifty closed at 11,539 factors, up 0.6%. On the index, 37 shares superior, whereas 13 declined. Nifty Auto, Metal and Media have been the largest sectoral gainers. Nifty Bank bounced again from the the day’s low to shut with delicate features.
“The Nifty made a smart move towards 11600 but was unable to get past and close above it. We would need that to happen for the uptrend to be solid and convincing. Once we get past that, our target would be 11800-11900. The support lies between 11300-11350,” mentioned Manish Hathiramani, proprietary index dealer and technical analyst, Deen Dayal Investments.
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