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Nifty hits 23,800 ceiling as bears bet against breakout despite global rally

The Nikkei gained 1.3% while the Nasdaq rose 1.5% on Wednesday as hopes of peace in West Asia gained ground. The Nifty, however, gained less than 0.2%, closing at 23,659. A day earlier the Nifty had climbed to 23,782.3 before paring gains to close at 23,618, down 0.13% from Monday’s closing.


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