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

The markets remained range-bound and ended unchanged, continuing Monday’s trend. After a flat start, the Nifty gradually climbed higher, but profit-taking in the latter half erased all gains, eventually settling at 23,264.85. Meanwhile, a mixed sectoral trend persisted, with realty and auto sectors edging higher and emerging as top performers, while FMCG, pharma, and banking sectors faced some profit-taking. The broader indices outperformed, with both midcap and smallcap indices gaining over half a percent.

This pause in the index was largely anticipated, and we expect it to conclude soon. In the meantime, traders should maintain a stock-specific trading approach with a positive bias. In addition to key sectors, certain themes like agriculture-related stocks (fertilizer and sugar) and chemical stocks are drawing noticeable interest. Participants should adjust their positions accordingly.

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