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NIFTY

* Nifty traded volatile and ended almost unchanged, taking a pause after the recent surge.

* Mixed trend continued on the sectoral front wherein realty and banking edged higher while energy and metal traded under pressure.

* The existence of a hurdle around the 23,100 zone in Nifty combined with a further uptick in the volatility index, India VIX, capped the upside.

* Participants should maintain their focus on stock selection and trade management.

BANK NIFTY

* Banking index pared its early gains in the second half and finally closed gaining over half a percent.

* Barring ICICI Bank all other banking stocks closed in green. HDFC Bank, Axis Bank and Indusind bank contributed the maximum.

* Going ahead banking index as an intermediate hurdle around 49600 and 50000 levels.

* Thus traders should align their trades accordingly and focus more on stock selection.

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