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Nifty

* Nifty remained volatile for yet another session and settled lower, in continuation to the prevailing consolidation phase.

* Tone was subdued on the sectoral front however positivity in the broader indices kept the traders busy.

* Indications are in favor of further consolidation in the index. Continue with stock-specific approach.

* Nifty has been hovering within the 19300-19550 zone and either side break would offer cues over the next directional move.

Banknifty

* Banking index also drifted lower in sync with benchmark index and finally settled lower for straight fourth session in a row.

* Mostly constituents ended in the red wherein HDFC Bank, ICICI Bank and Axis Bank were among the laggards.

* Almost reached closer to the crucial support i.e. 44,450. Maintain caution.

* Aubank, Bankbaroda, IDFC First Bank and Kotak Bank look comparatively stronger.

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