The week had opened on a low note and sentiments remained By Anand James, Geojit Financial
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Below are Views On The week had opened on a low note and sentiments remained By Anand James, Chief Market Strategist at Geojit Financial Services
"The week had opened on a low note and sentiments remained downbeat as rising infections and prospects of lockdown led to a retest of March's lows. But this also prompted bargain hunters to regroup today, keeping Nifty from falling further. Sectoral rotation was seen with IT and Pharma finding funds moving out and into other sectors. The shot in the arm came in the second half of the day, with emergency approvals for foreign vaccines and a new mechanism for trials prompted short-covering in Nifty lifting it to the vicinity of 14500s"
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