Nifty traded firm on the monthly expiry day and gained nearly half a percent- Religare Broking
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NIFTY
* Nifty traded firm on the monthly expiry day and gained nearly half a percent.
* Majority of sectors contributed to the move. Realty, IT and auto were the top gainers.
* Though it is still a banking-led recovery, seeing a marginal improvement in participation from other sectors as well.
* Nifty has surpassed the hurdle at 17,850 and looks set to inch toward the 18,100+ zone now.
BANKNIFTY
* Banknifty continue to edge higher and ended with marginal gains.
* Mixed trend was witnessed across the pack. Kotak Bank, HDFC Bank and ICICI Bank were the top contributors.
* Reached closer to the immediate hurdle i.e. 43,100. May see some consolidation.
* Reiterate our positive view and suggest continuing with “buy on dips”.
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