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Below are Views On Markets resumed the uptrend after the minor pause and gained over half a percent By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd

Markets resumed the uptrend after the minor pause and gained over half a percent, tracking firm global cues. The benchmark opened the gap up and traded range bound thereafter however movement on the stock-specific front kept the participants busy. Amongst the sectors, all the indices ended in green wherein Consumer Durables, Realty and Capital Goods were the top gainers. The broader markets continued its outperformance and ended higher by a percent each. On the benchmark front, Nifty finally settled at 15,690 levels; up by 0.7%.

All eyes would be RBI monetary policy tomorrow i.e. June 4 wherein the majority expect status quo on key rates. However, their commentary on growth and inflation would be closely watched by the participants. We may see volatile swings during the day so traders should plan their trades accordingly. 

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