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Private Banks Offer Resilience; Kotak and ICICI Bank Advance

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In contrast to frontline benchmark losses, major private lenders provided a crucial buffer. Outperformance in Kotak Mahindra Bank (+1.88%) and ICICI Bank (+1.09%) helped restrict downside momentum in the Nifty Bank index, which closed relatively flat with a minor loss of 0.18% at 55,029.40.

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