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

The final trading session of the week was a roller-coaster ride, with Nifty experiencing sharp swings in both directions before ending at 24.768.30 level nearly 1% higher. Sectoral indices mirrored this volatility, with FMCG, IT, and banking leading the gains, while metals and realty ended in the red. The broader indices also saw choppy trading but managed to close flat.

Nifty's strong close near the day’s high suggests the potential for further upside, with confirmation expected above the 24,800 level. We maintain a positive outlook on the IT and banking sectors, recommending selective picks from others. Participants should align their strategies accordingly, prioritizing risk management to navigate market volatility effectively.

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