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The equity markets got off to a positive start for the week, after the Nifty closed at 11,008 up by 0.7 percent on Monday. But, the first half of the session saw index breach 10,850, however, recovered losses in the latter part to reclaim the psychological level of 11,000.
The BSE Mid-cap index was up by 0.5 percent, while the S&P BSE Small-cap index was down by 0.3 percent for the day. The market breadth on NSE was negative with three stock advancing compared to five stocks which declined.
For the day, the index has formed a bullish candlestick pattern with long lower shadow indicating buying coming in at lower levels in the market.
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