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NSE's Nifty breaches all-time-high - The Hindu BusinessLine


May 28, 2021
Reliance, Coal India, Grasim shine
Bulls took charge of the market as the NSE’s Nifty 50 breached its all-time high of 15,431.75 on Friday ahead of the crucial GST Council meeting.
The market opened on a strong note on the first day of the new series in the F&O segment. The Nifty, which had closed on a record high of 15,337.85, rallied further during the morning session to breach its previous high of 15,431.75 recorded on February 16, 2021. It hit an intraday high of 15,455.55.
Hemang Jani, Head Equity Strategy, Broking & Distribution, Motilal Oswal Financial Services Ltd, said, “After two-three months of consolidation, the month of May finally took the lead with MTD gains at 5.6 per cent so far vis-a-vis a near-lull phase spread over the previous two months (March +1 per cent & April -0.4 per cent). Comfortable liquidity (due to lack of avenues to deploy) globally and the strong commodity cycle (metals, sugar, agro chemicals) took the market to ....

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