The move took everyone by surprise and sparked a lot of short covering. The index closed at 8131, or up a whopping 391 points on the day. The close above the 8000 mark has a bullish implication from a technical perspective. Technology as well as financials provided one of the best one-day performance seen in recent sessions. Overall market breadth is encouraging with 214 advancers vs 72 decliners.
Volume is heavy.
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