In the broader markets, the Mid and SmallCap indices were up more than 1% each
Investors who had invested their savings can hold for short to medium term but those who have borrowed the funds are advised to close their positions.
It would be wise to book some profit at least 50% of the shares allotted and hold the remaining shares for the long-term.
Markets are likely to continue trading rangebound as there is no fresh trigger which can take it above the crucial resistance zones