The Nifty index snapped its four-day winning streak and closed below 6,000 due to a lack of support from global markets. Gains in metals, healthcare and auto sectors were offset by losses in capital goods, realty and FMCG. The Nifty closed at 5,978.45, down 37.70 points. Goldman Sachs expects the Nifty to cross 7,000 by year-end due to inexpensive valuations and conservative investor positioning. Option data suggests the market sees the range between 5,800-6,200 in the near term.