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

"Markets rebounded after Tuesday’s decline, gaining over half a percent. Following a flat opening, Nifty edged higher and remained range-bound throughout the session, eventually closing at 23,332.35. Most key sectors contributed to the recovery, with realty, FMCG, and banking leading the gains. Meanwhile, broader indices continued their outperformance, rising nearly one and a half percent each. 

Markets will react to the announcement of reciprocal tariffs and the initial response from global markets, which could influence sentiment. Additionally, the scheduled weekly expiry may add to the volatility. We recommend a cautious stance and favor a hedged approach until there is greater clarity on the index’s next directional move. However, stocks continue to offer trading opportunities on both sides, and participants should position themselves accordingly."

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