The Nifty50 after opening lower extended losses amid consolidation and closed the Thursday’s session lower, but the broader markets outperformed frontliners with the Midcap and Smallcap indices rising 0.6 percent each. Five consecutive sessions of fall appears to have dragged down the Nifty50 into oversold territories from where a bounce back looks inevitable, experts said, adding the pull back rally may take Nifty to 10,900 levels.
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