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Market traded higher; Nifty facing stiff resistance at 10,500
Market traded with positive sentiments but failed to hold 10,500 on a closing basis. With mixed global markets, Indian markets managed to close on a flat note. Global markets traded higher as Bank of England slashed rates by half a per cent. Nifty closed at 10,548.40, adding 6.90 points. Media and private bank stocks traded with positive sentiments whereas public sector banks and realty stocks traded in the red. Nifty Bank closed at 26,487.80, adding 25.20 points from the previous day’s closing.
As per weekly option data, there is a handful
