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Yes Securities Report
Key U.S. indices retreated, failing to sustain above their May peak. Dollar index rallied to revisit levels of 109. Brent crude oil prices rebounded off the support zone, while U.S. gold prices found support near 1730 level.
August series Highlights-
Nifty concluded near 17500, up for the consecutive series; In last two series Nifty rallied ~11%, while from June month's low it jumped 18% to make a high near 18000.
Sectoral trend was largely positive.
Metal and Energy indices were top movers, both rallied over 8‐10% eoe
IT and pharma index lacked directional moves on either side, both ended flat.
Auto and fast moving consuemer goods index continued their northbound journey in uncharted territory; however, recently auto index witnessed profit‐taking off the record high.
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