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Stock Market Highlights : Sensex ends 182 points higher, PSU banks index up 7%

Stock Market Highlights : Sensex ends 182 points higher, PSU banks index up 7%

Stock Market Highlights : Sensex ends 182 points higher, PSU banks index up 7%
SHARES

The benchmark indices managed to close on a new lifetime high after a volatile trading session. Reliance and IT Stocks led the market rally.

Sensex rose 181.5 points or 0.40 per cent and ended at 45,608.51 while Nifty rose 37.20 points or 0.28 per cent and closed at 13,392.95.

On the sectoral front, the PSU Bank index added over 7 per cent while Pharma and Metal Index witnessed selling pressure and shed more than 1 per cent each. All the other indices closed almost flat with minimal gains or losses.

Ultratech Cement (3.00 per cent), TCS (2.23 per cent) and Reliance (1.73 per cent) are among the top gainers for the day, while Sun Pharma (-2.18 per cent), IndusInd Bank (-1.82 per cent) and NTPC (-1.70 per cent) are among the top losers for the day.  

Author’s View: We can see a range-bound trade on Nifty till it gives a break out in either direction. Levels to watch on Nifty - 13,300 (Support) and 13,450 (Resistance).

Disclaimer:  The view/s expressed above are only for educational/awareness purpose. Mumbailive.com or the author of the post bears no liability for any losses suffered by following any advice posted on the website. You are solely responsible for making your own investment decisions.

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