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Despite elevated volatility, the market is expected to maintain an upward journey in the coming sessions, along with intermittent consolidation.
The upward move towards a record high is expected to be seen in the coming sessions.
Among sectoral gainers, Nifty Consumer durables was the top gainers apart from Nifty IT and Nifty Realty
Axis Bank, Kotak Mahindra Bank, and HDFC Bank closed with gains of over 1% each on Thursday, while some selling was seen in Bandhan Bank which fell over 5%, followed by SBI, IndusInd Bank, and Bank of Baroda.
Market consolidates around 22,800-22,200, with 22,150 as strong support. Nifty corrects from all-time high near 22,800, forming triple top. FMCG sector leads, expected to continue, offering potential opportunities for stock selection.