Despite a decline in frontline indices, the broader market outperformed, with the Nifty Smallcap index rising 0.8% while the Midcap index ended marginally lower, reflecting selective buying. Persistent concerns over elevated crude prices, inflationary risks, and regulatory uncertainty in banking continued to weigh on sentiment. Overall, the muted close highlighted investor caution at the start of the September F&O series, with traders closely watching support levels near 24,200.
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