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Below is the Daily Market Analysis 24 August 2022 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd

Markets traded lackluster in a narrow range and ended marginally higher amid muted cues. The move was largely in sync with the global indices however a mixed trend on the sectoral front kept the participants busy. Finally, the Nifty index settled around the upper band of the day s range to close at 17,604.95 levels. On the sectoral front, realty, media and banking gained maximum traction.

We expect volatility to remain high due to the scheduled derivatives expiry of August month contracts. Besides, the caution ahead of the Jackson Hole symposium will continue to weigh on sentiment. Amid all, we recommend continuing with a stock-specific approach and focusing more on overnight risk management.  

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