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NIFTY

* Nifty witnessed profit booking in the second half and finally settled marginally lower.

* Trend was mixed on the sectoral front wherein auto and energy posted decent gains while realty and media ended in the red.

* Expect some consolidation after recent rally but bias remains positive.

* Maintain caution on Midcap and smallcaps space and prefer index majors over others.

BANKNIFTY

* Banking index remained volatile throughout the day and closed lower by half a percent.

* Barring Indusind bank, most of the private banking majors ended in red. Where in HDFC Bank and Kotak Bank were among the top losers.

* PSU pack inched higher to hit 52 week high and outperformed the private banking majors.

* It found resistance around its previous swing high of 46300 zone. Sustainability above the same would provide further strength. 

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