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

"Markets traded within a narrow range following Tuesday’s dip but managed to close slightly higher. The session began on a positive note, supported by encouraging factors such as easing retail inflation and stable global cues. However, the absence of sustained buying interest and a mixed performance among heavyweight stocks limited further gains as the day progressed. Eventually, the Nifty closed at 24,666.90, up by 0.36%. Most key sectors contributed to the up move, with the exception of banking. Notably, metal, realty, and energy sectors were among the top performers. The broader markets also witnessed strong interest, with both midcap and smallcap indices gaining over 1%.

We believe this is a healthy pause in Nifty following Monday’s rally, and it may continue for another session or two. In the meantime, traders should maintain a stock-specific approach and use this consolidation phase to accumulate fundamentally strong names. Alongside key sectors, themes such as defense, railways, and PSU banking are also offering trading opportunities. However, it's important to maintain a balanced view and avoid excessive exposure."

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