Stock picks of the day: Nifty likely to consolidate in 11,450-11,800 range

The market took a breather on the expected lines and settled marginally higher amid volatility last week. The week started on robust note, taking cues from the upbeat global markets.

Besides, favorable local cues viz. encouraging figure of GST collection and rise in foreign exchange reserves further boosted the sentiment. Participants preferred to book some profit off the table as the week progressed. 

The announcement of rate cut by the Reserve Bank of India (RBI) came in line with the market expectation and thus failed to trigger any major directional move.

The Nifty made a new record high at 11,761 and finally closed at 11,665.95; up by 0.36 percent for the week ended April 5.