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

The markets remained volatile and ended slightly lower, continuing their ongoing corrective phase. After an initial rise, Nifty experienced a sharp decline and traded within a narrow range until the close, weighed down by weakness in heavyweights such as Reliance, Bajaj Auto, and TCS. Sectoral performance was mixed, with realty and FMCG finishing in the green, while metals and auto were among the top losers. The broader indices once again outperformed, with the small-cap index gaining over a percent.

This market movement aligns with expectations, and we recommend maintaining a cautious stance until Nifty decisively surpasses the 25,300 level. However, select sectors and themes are still presenting buying opportunities, so traders should focus on stock selection and adopt a balanced approach.

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