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Stock Market Drops: Key Insights and Recommendations

Stock Market Drops: Key Insights and Recommendations

The stock market faced a dip on Wednesday, with the Nifty-50 index dropping by 0.77%, closing at 23,486.85. This decline followed a period of gains, as profit booking took place in sectors like Realty, IT, and pharma. Analysts suggest that immediate support for Nifty-50 is around 23,400, while Bank Nifty needs to surpass the 52,000 to 52,100 resistance zone for further growth. Recommendations for stocks include Radico Khaitan, NAVA, Trent, and others, which show potential for upward movement. The market is expected to stabilize with increased foreign investments and better domestic fundamentals.

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