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The Nifty, after opening sharply higher above the 11,400 mark, extended its rally to move near its intraday record high and finally ended at record closing high on Friday, driven by broad-based buying.
The index formed a bullish candle on daily candlestick charts and the weekly scale. It closed half a percent higher for the truncated week.
The broader markets also participated in the rally, with the Nifty Midcap index rising over a percent, and all sectoral indices ending in the green. Nifty Bank, and the FMCG, metal and pharma indices rose 1-2 percent.
The Nifty started off the session at 11,437.15 and rallied further during the day to touch an intraday high of 11,486.45. But it failed to reclaim its intraday record high of 11,495.20 seen on August 9. The index ended at record closing high of 11,470.75, up 85.70 points.
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