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Summary:
• In the past 2 weeks, the Index is going through high volatility in the range of 17400 to 16800
• On a week on week basis, Index lost -0.4% in its size
• This week, strong selling pressure was witnessed in small cap whereas large cap stocks defended
• From a sector perspective FMCG, auto, and Pvt bank did well
• On the other hand, Media and IT stocks continued to decline. The index is in a state of consolidation
• It can be perceived as sideways to negative. Either side breach will dictate the further trend
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