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Below are Technical Quote On Today`s Market Performance by Mr. Deepak Jasani, Technical Research Analyst, HDFC Securities

Indian benchmark equity indices ended higher for the second straight session on February 25. Nifty opened gap up and later remained in a broad range of 15082-15170. At close, the Nifty was up 115.40 points or 0.77% at 15,097.40. PSUs continued to outperform in today's session with four out of the top 10 gainers on the Nifty 50 index being state-run companies.

Volumes on the NSE were above average. Among sectors, Metals, Realty, Media, PSU Bank gained the most while FMCG fell the most. BSE Midcap and Smallcap indices up 1 percent each.

Global stocks rose on Thursday after U.S. Federal Reserve Chair Jerome Powell reiterated interest rates would stay low for a long time, soothing market fears that higher inflation might prompt the central bank to tighten monetary policy. Powell's reassurance gave a fresh push to reflation trades and boosted risk asset prices while also driving U.S. bond yields back up to one-year highs.

Nifty rose for the second day with an upgap, but did not close at its intra day highs. In case we see a downgap opening and the gap is not filled soon, it could mean a near term top for the markets. However the broader market is in good shape with advance decline ratio being hugely positive and BSE Smallcap index touching its all time high. On upmoves, Nifty could face resistance at 15176-15188 band. 

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