This apparent volatility comes after eight days and two successive weekly gains. The index not only crossed 25,000 but also 25,100 in the final two sessions of last week as two of its heavyweight constituents, banks and IT, stepped up.
As the indices try to hold on to the previous gains, the focus is now on the August 21 swing high of 25,154. With the Nifty Bank, the index is trading with gains of just about 65 points, as it aims the 55,000 mark.
When we look at the broader markets, the midcap and smallcap indices are outperforming the frontline indices. The Nifty Midcap 100 index is up just over 0.14%. The Nifty Smallcap 100 index is performing better than the midcap with a 100-point gain.
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