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Nifty

* Nifty edged higher and gained over half a percent amid mixed cues.

* Most sectors traded in sync with the benchmark. Realty, metal, energy and FMCG were top gainers.

* Surpassed the hurdle at 18,700 but underperformance of the banking is weighing on the sentiment.

* Expect choppiness due to outcome of MPC’s policy stance and weekly expiry. Maintain positive view.

Banknifty

* Banking index remained in a narrow range and settled marginally in the green.

* Axis Bank and SBIN extended gains while rebound in HDFC Bank also offered some respite.

* The recent price action shows indecisiveness but trend positive till it holds 43400.

* Stay focused on accumulating quality stocks, especially from the private banking pack.

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