Nikkei ends eight-month high led by exporter gains
TOKYO (Reuters) - Japan's Nikkei average surged above 9,700 for the first time since early April, with exporters buoyed by a yen that falls as expectations rise that the Bank of Japan will implement more aggressive monetary easing.
(Reporting by Ayai Tomisawa; Editing by Eric Meijer)
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The Nifty will stay in a broad band of 7,800-8,200 with an immediate resistance at around 8,050 levels. One should look to selectively accumulate in sectors such as infrastructure, capital goods, cement, power and metals. The outperforming sectors such as pharma, IT and auto ancillaries could take a breather due to international headwinds, writes Ambareesh Baliga. Full Article
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