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The Nifty50 after opening sharply higher extended rally as the day progressed and recouped all losses seen in the previous session to end at fresh record closing high on Friday.
The index formed strong bullish candle on the daily candlestick charts. The renewed trade war tensions between world's largest economies US and China spooked the market on Thursday.
The rally today was led by value buying after recent consolidation. All sectoral indices ended in the green with Bank, Financial Services, FMCG and Metal indices rising over a percent each.
The broader markets also participated in the rally with the Nifty Midcap index climbing a percent.
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