Markets gains for 6th consecutive trading session; Nifty likely to face resistance at 11,700 for the next week
Markets traded higher on Thursday on firm global cues along with inflow from the FII’s. After six-day rally, markets are likely to face stiff resistance at 11,700. Nifty closed at 11,661.90 adding 75.50 points and managed to hold 11,600 level. Metal, PSU banks and reality stocks traded with positive sentiments throughout the day and gained the most among indices. Nifty Bank closed at 29,120.30 adding 130.85 points positive from the previous day’s closing.
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