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Sensex, Nifty post steep losses for 3rd straight session to end below psychological marks; realty, banking stocks tumble

03:49 PM Nov 11, 2021 | FPJ Web Desk

The benchmark indices tumbled on the bourses on November 11 (Thursday). The Sensex was down 433.13 points or 0.72 percent at 59,919.69. The broader Nifty was down 143.60 points or 0.80 percent at 17,873.60. About 1,398 shares have advanced, 1769 shares declined, and 139 shares are unchanged.

IOC, Tech Mahindra, SBI, ONGC and SBI Life Insurance were among the major Nifty losers, while gainers were Titan Company, Hindalco Industries JSW Steel, M&M and Reliance Industries.

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Gaurav Udani, CEO & Founder, ThincRedBlu Securities, said, "After a few days of sideways movement Nifty made a bearish bar today. It closed at 17,880 , down by 135 points since yesterdays close. Nifty has support at 17,800 and 17,600 levels and resistance at 18,050 and 18,100 levels. Traders in long position need to be cautious and keep strict stoploss. Any daily closing below 17600 may initate a sharp bearish move in Nifty."

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