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Below Quote Daily Market Analysis 09 November 2022 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd

Markets remained volatile and ended marginally lower, in absence of any major trigger. After the initial uptick, the Nifty index inched gradually lower as the session progressed and finally settled at 18,157 levels. The majority of sectors traded in line with the benchmark and ended flat to marginally lower.  Meanwhile, the broader indices underperformed and lost over half a percent each.

The recent market move indicates caution among the participants amid mixed signals from the global front. However, rotational buying across sectors is helping the index to maintain a positive tone. Amid all, we feel the prudent approach is to look for stock-specific opportunities for trading until Nifty regains momentum.  

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