Banking index traded in sync with benchmark index and finally settled marginally higher - Religare Broking
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Nifty
* Nifty edged higher after two days of pause and gained nearly half a percent.
* Sectoral trend was mixed. Realty, energy and auto posted strong gains while IT and FMCG traded subdued.
* Broad-based participation combined with favorable global cues would help in keeping the tone positive.
* Reiterate view to focus on stock selection and keep trailing stop losses on rise for existing longs.
Banknifty
* Banking index traded in sync with benchmark index and finally settled marginally higher.
* Mostly constituents ended in the green. Axis Bank and Kotak Bank were top contributors.
* Mixed trend in banking heavyweights causing volatility. Overall tone is still bullish.
* Recommend utilize dip to add private banking majors. ICICI Bank tops the list.
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