Nifty closes above the psychological 8800! Telecom rebounds.

Renewed buying interest drove equity benchmarks nearly 3 percent higher during the week, which was the first weekly rally after consolidation for a month.

Late buying helped the Nifty close above psychological 8800 level for the first time since April 2015, driven by banks, auto and telecom stocks.

The 30-share BSE Sensex rose 108.63 points to 28532.11 and the 50-share NSE Nifty gained 35 points at 8809.65.

The broader markets also gained in line with benchmarks on positive breadth. About 1531 shares advanced against 1196 declining shares on the BSE.

The market will remain shut on Monday for Ganesh Chaturthi.

Here are some picks from the week gone by.

Company: Reliance Capital CMP: 542.80 Mastermind

Company: Lupin Ltd. CMP: 1518.05 Mastermind

Company: India Glycols CMP: 108.70 Mastermind

Company: Adani Ports CMP: 268.20 Mastermind

Company: Maruti Suzuki CMP: 5160.45 Mastermind

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