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Market Commentary

Indian benchmark indices remained in positive territory throughout the session, although both indices surrendered part of their intraday gains from the day's highs due to profit booking in the latter half of the day . Despite the intraday pullback, the broader market trend extended the positive momentum witnessed over the last three trading sessions . Healthy market participation and selective buying across sectors continued to support investor sentiment . At close, the Nifty 50 gained 0 .39 % to settle at 24 ,270 , while the Sensex advanced 0 .34 % to close at 77,763

* On the sectoral front, Nifty Realty and Healthcare emerged as the top gainers, followed by Information Technology, which also witnessed sustained buying interest . On the downside, PSU Banks and Energy stocks remained under pressure as investors booked profits after the recent rally .

* The broader market delivered a mixed performance . The Nifty Midcap 100 index declined 0 .19%, indicating profit booking in mid sized stocks, while the Nifty Small cap 100 index edged up 0 .04 %, reflecting selective buying interest in the small cap segment .

* Gift Nifty signals a flat opening for the Indian market . Nifty spot in today's session is likely to trade in the range of 24 ,050 - 24 ,500

Global Updates

* With New York cash sessions closed for federal holiday observance late last week, prior final regular settlements stand as active benchmark boundaries .

* Traditional New York cash equity desks will return to action today, coming off the Independence Day long weekend, with structural cross - currents pointing toward a highly volatile July .

* Institutional interest -rate curves are adjusting rapidly to a shifting domestic labor template . Last week's slower -than - expected U.S . nonfarm payroll expansion has successfully curbed immediate monetary tightening anxieties among global market participants .

* Asian regional benchmarks are flashing highly mixed numbers this morning as local desks absorb global style rotations ahead of corporate earnings : Asian Markets : Nikkei 225 - 281 .20 pts (- 0 .40 %), KOSPI +75.74 pts (+ 0 .94 %), S&P/ASX 200 +8 .40 pts (+ 0 .09 %).

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