Dear Trader…
The weakness among the global peers led to a timid opening in our equity market. The benchmark index Nifty50 started the day with a small gap down and hustled in a narrow range at the lower end throughout the session. Amidst the lackluster session, the bulls showed their comeback in the penultimate hour and made a modest recovery to pare down some of the initial losses. The Nifty concluded near the day’s high, shedding nearly 0.30 percent, and settled a tad below the 18650 level.
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