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Nifty

* Nifty consolidated in a range and ended with modest gains, taking a breather after the recent surge.

* Mixed trend on the sectoral front kept the traders busy. IT and financials posted decent gains.

* Rotational buying across sectors is helping the index to maintain a positive tone. Expect the scenario to continue.

* Traders should not get carried away with prevailing buoyancy and stick only with the quality stocks.

Banknifty

* Banking index traded volatile in a broader range and finally settled with marginal gains.

* Majority constituents ended in the green wherein HDFC Bank, ICICI Bank and Kotak Bank were top contributors.

* Interestingly, the PSU pack also witnessed decent traction wherein SBIN, PNB, Bank Baroda and Canbk took the lead.

* We may see some consolidation after the recent surge. Focus on stock selection.

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