Daily Market Analysis : Markets traded dull in a narrow range and ended marginally higher on Wednesday Mr. Ajit Mishra, Religare Broking
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Below Quote Daily Market Analysis 22 March 2023 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd
Markets traded dull in a narrow range and ended marginally higher on Wednesday. Caution ahead of the outcome of the US Fed meet capped movement till the end. Finally, the Nifty index closed at 17,151.90 levels; up by 0.26%. Meanwhile, mixed trends on the sectoral front and selective buying in midcap and smallcap space kept the participants busy till the end.
Markets will react to the outcome of the US Fed meet in early trade on Thursday. And, the scheduled weekly expiry would further add to the volatility. Since we’re eyeing a hurdle around the 17,300-17,400 zone, participants should use further rebound to reduce positions.
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