Daily Market Analysis : Markets ended marginally higher in a volatile session Says Mr. Ajit Mishra, Religare Broking
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Below Quote Daily Market Analysis 09 September 2022 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd
Markets ended marginally higher in a volatile session, in extension to the recent up move. Firm global cues triggered an upbeat start in Nifty however profit taking at the higher levels capped the upside. Meanwhile, sectoral indices traded mixed wherein rebound in IT and buying in banking and auto kept the tone positive. The broader indices traded in line with the benchmark and closed marginally higher.
We maintain our bullish view on markets and suggest continuing with the “buy on dips” approach. The recent rebound in the US markets is further adding to the comfort. As we’re seeing buying interest across the board, the focus should be more on the best-performing sectors viz. banking, financials, auto and FMCG, and remain selective in the others.
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