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

Markets remained subdued on the weekly expiry day, ending largely flat amid mixed signals. After a brief early gain, the Nifty hovered within a narrow range, closing virtually unchanged at 24,399.40 levels. Sector-wise, the trend was mixed, with gains in banking and pharma, while FMCG, realty, and auto sectors declined. Broader indices also mirrored the benchmark and finished the session flat.

The past two days of stagnation in the Nifty index reflect indecision following a recent downturn, though the overall sentiment remains negative. Some oversold heavyweight stocks may prompt a short-term bounce, but the upside appears limited. Investors are advised to maintain a “sell on rise” strategy for the index while being selective with individual stocks

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