What Contributed To Nifty's 1000-Point Jump From March Low – BloombergQuint

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Nifty 50 has gained more than 1,000 points from its previous low in March, with the benchmark index taking 76 sessions to chart the journey.

The 50-stock gauge beat small- and mid-cap indices on returns but lagged the Nifty Bank Index during the period. It’s now trading close to its all-time high that the index scaled in January before it started retreating.

The market rallied on the back of short-covering and buying in selective stocks while mid caps underperformed during the period, said TS Harihar, founder and chief executive officer at HRBV Client Solutions Private Ltd. Concerns over trade war coupled with a rally in crude oil remain an overhang for the market along with a depreciating rupee, he said.

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