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Nifty traded lower for a major part of the session and closed
tad below 11,500 on July 10, as rising crude prices along with fall in
financial services, metals, auto and PSU oil stocks dented sentiment.The index
closed below 11,500 for the first time since May 17 and formed bearish candle
on daily charts.Nifty after opening lower at 11,536 saw some recovery to hit
a day's high of 11,593.70, but slipped into the red after initial one hour of
trade and remained lower for rest of session amid volatility. The index closed
57 points lower at 11,498.90. SpiceJet
rallies 9% on heavy volumes as IndiGo, Jet Airways slip in trade Metal shares
under pressure; JSW Steel, Hindustan Zinc hit 52-week lows Sebi likely to
examine surcharge impact on foreign portfolio investors Reliance Capital,
Reliance Infra dip for sixth straight day, fall up to 7%.
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