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Markets End Range-Bound Amid RBI Policy Awaited; PSU Banks & Energy Shine

Indian markets opened on a positive note, reflecting upbeat global cues, but traded in a volatile manner throughout the session. The benchmark Nifty oscillated within a narrow range of 24,800 to 24,600 (rounded levels) before settling near the day’s close. Sector-wise, notable strength was seen in PSU Banks, Oil & Gas, Construction, Metals, and Energy stocks. Market participants remained cautious ahead of the upcoming RBI monetary policy outcome, which is expected to be the next key trigger for direction.

On the derivatives front, a significant open interest build-up was observed in Samman Cap, Dixon, Hindustan Petroleum, Nestle India, and Power Grid, indicating active positioning in these counters.

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