The NSE benchmark NIFTY index which opened on a flat note gained strength in the morning trade and reclaimed psychological 11k-mark despite tepid global cues on Friday. Even the index managed to hold the same level at the close, formed a small bullish candle on the daily charts.
It advanced 0.48 percent to close at 11010.20 in the last trading session of the week. It snapped two-day downtrend rally and ended above 11k-mark in the range bound trading session as investors awaited the outcome of a no-confidence motion against the government Friday.
Nevertheless, NIFTY might continue its positive rally in today’s trading session.