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Closing Bell: Sensex Up 290 pts, Ends Above 83,500; Nifty Closes at 25,575 as Most Sectors Finish Higher

Stock Market Live Updates: Nifty and Sensex opened higher on Monday after Gifty Nifty indicated positive start of the Indian stock market. The benchmark indices ended in red last week after some profit booking led losses in Nifty and Sensex.

As investors will focus on developments around India-US deal, geopolitical tensions, development around US shutdown, Nifty and Sensex may trade in the range bound manner today, according to experts.

Closing Bell: Sensex Up 290 pts, Ends Above 83,500; Nifty at 25,575

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"Over the past 11 trading sessions, the Nifty has undergone a corrective retracement of approximately 800 points which has led to daily stochastic oscillators approaching oversold territory. Buying demand was seen emerging on Friday's session from the key support area of 25,200-25,400 being the confluence of the 50 days EMA, previous breakout area and 50% retracement of previous up move (24587-26104). Going ahead, we expect index to hold above the support area of 25,200-25,400 and gradually head towards the immediate resistance of 25,850 and then towards the recent 52-week high of 26,100 in the coming weeks," noted Bajaj Broking in its commentary.

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