More than 90 small-caps post double-digit returns as index outperforms

The short-term trend of Nifty remains weak and the downward correction seems to have gained momentum. Further weakness below 22800 levels, Nifty could slide down to the next lower trajectory of around 22350 levels in the near term. Any pullback rally from here could find resistance around 23150 levels, says Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

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