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NIFTY

* Nifty edged higher for the third consecutive session amid volatility and ended with modest gains.

* After opening near flat, the Nifty drifted lower initially and then moved in a range for most of the session.

* However, noticeable traction in select heavyweight stocks during the final hours helped the index close near the day’s high at 25,819.30.

* In this environment, a stock-specific approach is advisable, with focus on sectors and themes showing consistent trends, along with disciplined position sizing given the possibility of renewed volatility.

BANKNIFTY

* The banking index extended its bullish momentum for a third consecutive session, reinforcing positive market sentiment.

* The index opened firm, carried forward prior gains, and registered another record closing.

* Broad-based strength was evident across most constituents, with notable outperformance from PNB and IDFC First Bank, while HDFC Bank and ICICI Bank lagged.

* Immediate resistance is projected near 62,000, with critical support positioned around 60,800 in the near term.

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