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NIFTY

* Nifty witnessed marginal dip after two days of range bound move and lost nearly half a percent, extending the ongoing consolidation amid low volumes during the holiday-shortened week.

* After a steady opening, the Nifty inched gradually lower as the day progressed and tested the 26,000 before settling at 26042.30 level.

* Sectoral move remained in sync with the benchmark trend wherein majority ended lower with IT, financials and auto were among the top losers.

* Participants should refrain from aggressive positioning and prefer only quality names across the outperforming sectors for accumulation on dips.

BANKNIFTY

* The banking index experienced profit booking for a third consecutive session and concluded the week in negative territory for the third straight week.

* It opened under selling pressure carried over from the session and remained weak throughout the day.

* Constituent performance was mixed: IDFC First Bank, Canara Bank, and Federal Bank outperformed, while Bank of Baroda, ICICI Bank, and PNB lagged.

* Technically, resistance stands near 59,500, with support around 58,400.

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