Market Action for the day
The market closed at more than six-month high on August 28, the first day of September series, as bulls remained in a strong position, backed by banking & financials and liquidity boost. The BSE Sensex climbed 353.84 points to 39,467.31, while the Nifty50 rallied 88.30 points to 11,647.60, the highest level since February 26, 2020, and formed a bullish candle on the daily as well as weekly charts. The index gained 2.43 percent for the week. The Bank Nifty smartly…