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NIFTY

* Nifty settled almost unchanged in a volatile session, in continuation to prevailing corrective phase.

* Mixed trend on the sectoral front kept the traders busy wherein buoyancy in the banking capped the downside

* Recovery in the broader indices further eased the pressure.

* Besides, keep a close watch on global markets for cues

BANKNIFTY

* The banking index traded with positive tone and ended marginally higher.

* It played critical role in capping the downside in Nifty despite continued pressure in IT pack.

* The buying interest was visible across the board wherein select PSU stocks posted strong gains.

* We reiterate our positive view and suggest continuing with “buy on dips”.

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