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Markets extended rebound and gained over half a percent amid mixed cues. After the initial uptick, Nifty drifted lower but gradual recovery in the heavyweights across sectors helped to settle around the day’s high. Among the sectoral indices, banking, financials and realty were the top gainers. The broader indices also edged higher and gained nearly half a percent each.

The recent buoyancy in banking is encouraging ahead of the monthly expiry however the sustainability of the move would be critical. Amid all, we reiterate our view to focus on stock selection and risk management. 

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