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Below Quote Daily Market Analysis 08 December 2022 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd

Markets remained range bound and ended marginally higher, in continuation to the prevailing trend.  Most of the sectoral indices traded in tandem with the benchmark and ended flat to marginally higher. However, buoyancy in the banking pack was a major highlight, especially the PSU banking counters. Besides, selective buying on the broader front kept the traders busy.

Markets are seeing time-wise correction and weak global cues are delaying the recovery. We feel the consolidation may continue for some time however buoyancy in the banking pack coupled with buying in select index majors may result in a further rebound. Meanwhile, we recommend continuing with stock-specific trading approach and focusing on buying opportunities.

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