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

"The markets decisively broke out of a week-long consolidation, surging nearly 1.5% and reinforcing the recovery momentum. Nifty exhibited strong upward movement throughout the session, closing near the day's high at 22,834.30, with broad-based participation across sectors, led by real estate, auto, and banking. Broader indices also posted impressive gains of over 2%. 

Looking ahead, the alignment between the benchmark index and banking majors supports further recovery, with Nifty eyeing the 23,100 level. However, global factors such as the Federal Reserve meeting and geopolitical uncertainties may introduce intermittent volatility. A 'buy on dips' strategy remains prudent, with a focus on sectors/themes that align with the prevailing market trend."

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