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Grueling optimism of Market towards newer highs driven by RIL and Pharma stocks – Time to stay cautious
The Nifty traded near the important resistance level of 12,000 on Wednesday and if it is able to sustain above this level in the coming trading sessions, it will set the path towards a newer high surpassing the previous high of 12,103. Reliance Industries (RIL),and pharma stocks traded with positive sentiments throughout the day and gained most among indices. Nifty bank closed flat at 31,341 as compared to its opening of 31,340. If we look at crude oil prices, it has come
