Extreme volatility was seen on both sides whereas in the opening trade, a strong recovery was witnessed under the leadership of heavyweight Reliance. In the mid-session, PSU Banks and Pharma counters joined the party and pushed the Index further higher to register a fresh high of 21,505.05; however, towards the end of the day, the Index pared off some of its gains to settle at 21,453.10 with gains of 34.45 points.
On the sectoral front, Energy was up by 1.58% and ended the session as a top performer followed by FMCG (+1.41%) while IT and Auto sectors witnessed a profit booking pressure. Underperformance was observed by the Broader markets as Mid and Smallcaps corrected by 0.38% & 0.12% respectively.
Nifty50 has made a Long Legged DOJI candlestick pattern which indicates indecisiveness between the bulls and bears. A range of consolidation will remain the same i.e. 21,330-21,500.
