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The Nifty experienced a week of range-bound trading, closing slightly lower with a 0.53% loss. Facing resistance near the upper edge of a rising channel, the index shows signs of fatigue despite holding above its 20-week moving average. Traders should remain cautious, focusing on stock-specific strategies and protecting gains, as a decisive breakout is needed for a clear directional move.
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The Nifty index is on a four-week losing streak, influenced by underwhelming Q1 earnings and global trade concerns. Nifty Bank outperformed but faces resistance. Bajaj Finance declined post-earnings. IEX is under pressure due to market coupling news. Healthcare and Pharma sectors show promise. Cipla and Apollo Hospital are likely to do well. The market needs positive global cues for recovery.
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Motilal Oswal Group has reported its highest-ever quarterly profit of over Rs 1,400 crore in the first quarter of FY26. Chairman Raamdeo Agrawal credited the performance to strong momentum across all business segments, with exceptional gains in the capital market. The company saw substantial year-on-year growth in both operating revenue and bottom line, with 24% growth in operating revenue and 21% growth in net profit.According to data compiled by ET Now, the performance was driven by robust activity in the Asset Management Company (AMC), Private Wealth Management (PWM), and capital market verticals. Additionally, the Treasury segment also delivered strong returns, contributing significantly to the groups profitability.
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