Indian Nifty Market Commentry by MarketMagnify
BSE Sensex and NSE Nifty were flat today in early trade on some profit-taking after strong gains in the previous two sessions.Nifty edged up to a new high of 8,535.35 before trading flat at 8,523. Sensex was down 11 points at 28,488.
Profit-taking was seen in some metal stocks after their sharp gains yesterday. JSPL, NMDC and Tata Steel were down over 1 per cent.Gains in IT stocks lend some support to the markets. Tech Mahindra, HCL Tech and Wipro were up between 0.60 per cent and 0.80 per cent.
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Oil prices soared to their highest weekly rise since the end of July on higher demand forecasts and the resume of refineries in US.capitalstars
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