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The Nifty50 after opening above 11,100 levels remained positive throughout the session on global cues, though there was some volatility. The index gained for third consecutive session to end at record closing high on Tuesday, forming bullish candle on the daily charts.
All sectoral indices participated in the rally except IT and Bank. Metal was the biggest gainer, rising 3 percent followed by Pharma (up 1.25 percent) and Realty (2.5 percent).
The broader markets also extended rally with the Nifty Midcap index gaining 1.3 percent and Smallcap rising 2.3 percent.
The Nifty50 opened higher at 11,109 and gained further strength to hit an intraday high of 11,143.40. It saw some profit booking in the middle of trade to hit day's low of 11,092.50 but did not turn in the red. The index end at record closing high of 11,134.30, up 49.50 points, and is 37 points away from its intraday all-time high of 11,171.55 seen on January 29.
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