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Below the Quote on Daily Market Analysis by Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd

"Markets experienced a slight recovery after the recent decline, gaining over half a percent. Following an initial gap-up opening, the Nifty oscillated within a range and eventually settled at the 23,753.45 level. Most sectors contributed to the up move, with realty, banking, and FMCG emerging as the top gainers. Meanwhile, the broader indices remained subdued, ending nearly flat.

This pause is typical, driven by oversold positions in index heavyweights. Participants are advised to maintain a cautious stance with a negative bias on the index until clear signs of a rebound emerge. However, individual stocks continue to present opportunities on both sides. We reiterate our preference for the pharma and healthcare sectors for long positions, while other sectors are likely to see mixed trading trends."

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