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

"Markets took a pause after the recent rally and ended slightly lower. Following an initial uptick, Nifty remained range-bound throughout the session and ultimately settled at 23,686.65.  Sectoral trend was mixed, with metals and energy registering decent gains, while realty and FMCG remained under pressure. However, the key highlight of the session was the strong participation from broader indices, which posted gains ranging from 0.7% to 1.85%. 

Going forward, the Nifty index may continue to consolidate after its recent surge, but the broader trend remains positive unless there is a decisive close below the 23,400 level. With all key sectors contributing to the rally on a rotational basis, traders should focus on stock selection and prioritize accumulating fundamentally strong stocks during dips."

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