Nifty stages smart pullback to end above 5500

At 15.35 hrs IST, the Indian markets staged a smart recovery on Monday after severe sell off of 300 points on last Friday. The recovery was led by IT stocks with IT majors TCS and Wipro posting gains of more than 4%. The pullback was also supported by consumer durables, telecom, oilgas, metal, FMCG, banking and pharma stocks.
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