Nifty continue to scale higher for fifth consecutive session - Religare Broking Ltd
![](https://portfolio.investmentguruindia.com/uploads/news/religare broking.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Nifty
* Nifty continue to scale higher for fifth consecutive session and witnessed a record closing gaining nearly 0.34 percent.
* On the sectoral front PSU Bank and IT witnessed profit booking wherein Pharma, FMCG and Oil and Gas sector remained top gainers.
* For index to continue its upward momentum, it would be crucial for the private banking majors to participate and contribute to the move.
* Stay focused on stock selection and refrain from aggressive bets.
BANKNIFTY
* Banking index remained range-bound after an initial upmove and closed the day gaining nearly 150 points.
* Baring ICICI Bank and SBIN all other major banks closed lower. Wherein Axis Bank and HDFC bank remained subdued.
* Going ahead, banking index has an intermediate hurdle around 46750, followed by 47100 levels.
* Mix trend among the private banking majors capping the upside.
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Indiateam57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/munishakhatwal57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/tatapower57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/MP Ahammed.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Fintech Pre-budget expectation.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/uttarpradesh57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Budget_3.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Cyberpeace.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
Daily Market Analysis : The markets saw profit-taking today and closed nearly unchanged, fol...
More News
![](https://portfolio.investmentguruindia.com/uploads/news/axis securities.jpg)
Nifty opened positively but exhibited extreme volatility throughout the session - Axis Secur...
![Daily Market Commentary : Broader market was down more than 1% amid a rise in India's VIX (Volatility Index) by 8% Says Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/uploads/news/Broker _16.jpg)
![Weekly Market Analysis : The markets continued to consolidate for another week, ending almost unchanged amidst mixed cues Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
![BankNifty opened with an upward gap and remained lackluster within a narrow trading range throughout the day - Axis Securities Ltd](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities.jpg)