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Metals, banks, tech drive Nifty higher

Buying in metal, financial, technology, FMCG and power companies' shares were supporting the equity benchmarks to trade higher for sixth consecutive session today.

June 29, 2011 / 11:37 IST

Buying in metal, financial, technology, FMCG and power companies' shares were supporting the equity benchmarks to trade higher for sixth consecutive session today. The Nifty was trying hard to touch the 5600-mark but the sell-off in ONGC and L&T has capped the upside.

Ajay Srivastava, CEO, Dimensions Consulting feels that this is only a pure relief rally. "I think it is a pure demand and supply. It is emotionally underinvested market, which is playing the game today,

first published: Jun 29, 2011 10:41 am

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