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Markets bounce back sharply on F&O expiry day after recent losses; Reliance Industries steals show, surges 6%

03:54 PM Nov 25, 2021 | FPJ Web Desk

The benchmark indices were up at end of trading session on November 25. The Sensex was up over 400 points while Nifty was up over 100 points. Bank Nifty and India VIX ended with losses.

At close, the Sensex was up 454.10 points or 0.78 percent at 58,795.09, and the Nifty was up 121.30 points or 0.70 percent at 17,536.30. About 2054 shares have advanced, 1166 shares declined, and 106 shares are unchanged.

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Gaurav Udani, CEO & Founder, ThincRedBlu Securities, said, " Nifty gave a good recovery after making a low of 17,350. It closed at 17,550 up by 150 points. This up move in Nifty may continue tomorrow till its next resistance range of 17,650-17,000. Overall trend in Nifty is weak and traders are suggested not to create new long positions in this pull back. High risk traders can consider new long around 17,400-17,350 levels keeping 17,200 as a strict stoploss."

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