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Nifty Outlook
Index consolidates but dream run continues for broader market
The last week was a week of consolidation for our markets as we saw Nifty gyrating in a slender range of merely 100 points. However, the overall bias remained positive despite some small intraday hiccups. The stage was set on Monday itself when we clocked fresh record highs well above the 12,300-mark on a closing basis. Eventually, the muted week for benchmark index ended with gains over seven tenths of per cent.
If we just have a glance at the Nifty’s price action for the entire week, it does
