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

The markets experienced a volatile session and ended nearly flat, taking a breather after three consecutive days of gains. While the tone remained positive for part of the session, profit-booking in select heavyweights limited the upside. Sectorally, performance was mixed, with banking and realty outperforming, while energy, auto, and FMCG faced pressure. On the broader front, the momentum persisted, as midcap and smallcap indices rose nearly a percent each.

This pause is a natural reaction following the recent rally, especially with key sectors like banking and IT driving the gains while others remain subdued or under pressure. We expect the consolidation to continue in the next session, though the overall sentiment should stay positive. Traders are advised to focus on a stock-specific approach and use these intermediate pauses to accumulate quality stocks.

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