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

"Markets came under pressure as geopolitical tensions between India and Pakistan intensified. Following an initial decline, the Nifty witnessed sharp swings in both directions before settling at the 24,008 level. Selling was broad-based, with the Nifty Realty index plunging nearly 4%, led by heavyweights like DLF. In contrast, defense-related stocks such as Bharat Electronics and Hindustan Aeronautics outperformed, gaining on expectations of increased defense spending.

Looking ahead, elevated geopolitical risks have significantly heightened market volatility, as reflected in the surge of the India VIX. Investors are advised to adopt a stock-specific approach and refrain from taking aggressive positions until there is more clarity. A hedged strategy is recommended to manage near-term risks, while close monitoring of geopolitical developments will be crucial in shaping the market's next move."

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