The Nifty extended its winning streak to three sessions, while the Sen….

The Nifty extended its winning streak to three sessions, while the Sensex dipped slightly. Power Grid Corp, HUL, Infosys, Bajaj Finance, and JSW Steel were the top gainers on the Nifty. Metal stocks rallied after the global brokerage firm Jefferies stated that it maintains a constructive view on the Indian metals sector. FMCG stocks following a five-day slump came out of their slumber to trade in the green. Other gainers included IT and Pharma, while Auto, Consumer Durables, Oil and Gas and PSU Bank index were top laggards. Shares of Trent Ltd. fell as much as 2.5 percent to Rs 4,873 in morning trade on March 10, emerging as one of the top Nifty 50 losers, after Kotak Institutional Equities maintained a ‘Reduce’ rating and set a price target of Rs 5,150. The decline comes as the National Stock Exchange (NSE) revised the expiry day for its derivative contracts to Monday, a day ahead of BSE’s expiry. The broader market, represented by mid and smallcap indices underperformed with the midcap 100 andsmallcap 100 indexes falling 0.2 and 0.8 percent, respectively. Both are down 24 percent and 27 percent from their peaks, yet analysts remain wary of valuations, warning that further downside may be ahead.

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