Nifty and BankNifty daily

Nifty and BankNifty daily

The Nifty50 continued its positive momentum for the fifth day and closed at a new seven-month high of 11,738.90 on October 7, backed by buying in auto, IT, select banks, FMCG and Reliance Industries.

The index closed above the 11,700-mark for the first time since February 25, 2020 and formed a bullish candle on the daily charts again, as the closing was higher than the opening levels.

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