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Below Quote Daily Market Analysis 03 January 2023 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd

Markets ended marginally higher in a volatile trading session, in continuation to the prevailing consolidation phase.  After the flat start, Nifty oscillated in a range till the end and finally settled around the upper band of the same to close at 18,232.55 levels. Meanwhile, a mixed trend on the sectoral pack combined with selective buying in broader indices kept the traders busy.

Markets are trying to inch higher amid mixed global cues wherein buoyancy in banking and metals are largely supporting the move so far. Participants should limit their positions to relatively strong sectors. We reiterate our preference for banking and financials and suggest choosing selectively from others. 

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