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Markets traded volatile and ended marginally lower on the weekly expiry day. After the flat start, the Nifty oscillated in a narrow range and finally settled around the day’s low at 18487.75 levels. Meanwhile, a mixed trend was witnessed on the sectoral front wherein banking and financials traded under pressure while pharma and realty edged higher.  The outperformance continued from the broader front as both ended in the green.  

The recent movement in the index indicates a pause and dip in the banking and financials is causing turbulence however some stability in other sectors is offsetting the damage. Going ahead, a decisive break below 43500 in the banking index might deteriorate the market mood. Meanwhile, we reiterate our view to maintain the positive bias while keeping a check on positions.

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