India’s Nifty extended its upptrend into fifth straight day on Monday.
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- India’s Nifty extended its upptrend into fifth straight day on Monday.
- Nifty pulled back after hitting the all-time high near 22,190.
- Nifty traders brace for a relatively light India’s economic docket and Fed Minutes from the US.
The Nifty 50, India’s key benchmark index, settled Monday in the green, having pulled back from a new all-time high of 22,186.65. The Indian index extended the previous week’s upward trajectory, led by an upsurge in the energy and financial sector stocks. The National Stock Exchange (NSE) Nifty 50 closed 0.37% higher on the day at 22,122.
Chinese markets reopened after a week-long Lunar New Year holiday while the US stock markets are closed on Monday, in observance of Presidents’ Day.
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