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NIFTY

* Nifty experienced a significant rally, gaining nearly two percent and reversing the recent negativity.

* All the sectors traded in sync, wherein metal, auto and pharma were among the top performers.

* The current trend suggests that bulls are in control, and we are likely to see further advances in the coming sessions.

* However, it is advised to remain selective, focusing on index majors and large midcaps.

BANKNIFTY

* Banking index witnessed a rebound and managed to close higher after a consecutive decline from last many sessions.

* Almost all the banking majors ended in green wherein KOTAKBANK and INDUSINDBK contributed the maximum.

* The index has given a recovery on expected lines and we may see this tone to continue further.

* However, one should be very selective on banking names and avoid aggressive bets.

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