Nifty trades near the day’s low; European markets bounce back from recent lows

The benchmark indices pared most of the recovery gains and traded near the day’s low in afternoon trade. Market sentiment remained subdued amid weak global cues, while volatility stayed in focus as investors navigated the monthly expiry of Nifty 50 derivatives today. Nifty traded below the 24,150 mark. Banks, oil & gas and chemical stocks declined while pharma and heatlhcare managed to trade with some gains.

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