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Short covering pushing the markets up

The concerns triggered by the ongoing Israel-Hamas conflict had resulted in the creation of big short positions in the market, and now these shorts are being covered pushing the markets up, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Markets open on positive note

On the other hand, the broader 50-scrip Nifty at the National Stock Exchange (NSE) opened at 11,538.45 points after closing at 11,521.80.