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Markets end at day's high as IT stocks crumble on dismal TCS Q2 earnings, Sensex holds above 60k-mark

03:55 PM Oct 11, 2021 | FPJ Web Desk

Gaurav Udani, CEO & Founder, ThincRedBlu Securities, said, "The Nifty made a new lifetime high of 18,041 today, where it saw some profit booking. It closed at 17,956, up by 60 points since Friday's (October 8) close. Volumes in Nifty were lesser than its average volumes. It is important for Nifty to close above 17,950 levels with higher than average volumes to continue its upward move. Nifty has a strong support in 17,580-17,620 range. Trades can use buy on dips strategy with strict stoploss for 18,100-18,150 as targets."

At close, the Sensex was up 76.72 points or 0.13% percent at 60,135.78. The broader Nifty was up 50.80 points or 0.28 percent at 17,946.00. About 1,814 shares have advanced, 1,375 shares declined, and 141 shares are unchanged.

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Tata Motors, Coal India, Maruti Suzuki, Grasim Industries and Power Grid Corp were among the major gainers on the Nifty. TCS, Tech Mahindra, Infosys, HCL Technologies and Wipro were among the big gainers. IT index fell 3 percent, while auto, bank, metal, power and realty indices added 1-2.5 percent. BSE midcap and smallcap indices rose 0.5 percent each.

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