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

The markets traded subdued and ended the day nearly unchanged, continuing the ongoing gradual uptrend. After a flat opening, the Nifty index fluctuated within a narrow range throughout the session, eventually closing at 25,279.85. The highlight of the day was the active participation of major banking stocks, while other key sectors like energy, metal, and realty lagged slightly. Market breadth remained flat, indicating selective interest in the midcap and smallcap segments.

We anticipate further consolidation in the Nifty, given the mixed signals from key sectors, but the overall bias remains positive. Additionally, favorable cues from global markets, particularly the US, add to the optimistic outlook. We recommend maintaining a “buy on dips” strategy, with a focus on stock selection

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