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NIFTY

* Nifty ended the week on a firm note, gaining nearly a percent, supported by favorable domestic cues.

* All key sectors contributed to the rally, with rate-sensitive segments such as realty, financials, and auto emerging as top gainers, closely followed by others.

* A decisive breakout above the 25,200 mark in the Nifty could trigger the next leg of the rally, potentially pushing the index toward the 25,600 level.

* We continue to recommend a “buy on dips” strategy with an emphasis on selective stock picking. 

BANK NIFTY

* The banking index surged nearly 1.5% as RBI's monetary policy outcome boosted market sentiment, pushing it to a new record high.

* Almost all the banking majors participated in the rally wherein Idfcfirstb, Axisbank, Indusindbk were among the top gainers.

* With this move, the index has decisively broken out of its month-long consolidation, indicating a potential resumption of its uptrend.

* Going forward, the positive tone is likely to continue and hence one can maintain ‘buy on dips’ approach in the index.

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