Published on 11/07/2021

Indian benchmark indices had consolidation this week as well. The market has been trading in a range for the past few weeks. Every time indices jump to touch the all-time high levels, they are met with huge resistance. Some of the supporting factors like global cues, cool off in the second wave of Covid-19, robust Q4FY21 performance are keeping the losses capped. On the sectoral front, buying was seen in realty, metal, telecom, and healthcare while profit booking was seen in energy, banks, oil & gas, and IT stocks.

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