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Below is the Daily Market Analysis 24 May 2022 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd

Markets traded volatile and lost over half a percent, in line with the prevailing consolidation phase. After the flat start, the benchmark hovered in a range for most of the session and settled closer to the day’s low. Meanwhile, a mixed trend across sectors kept the participants busy wherein IT, metal and realty were among the top losers. The broader markets underperformed as both midcap and smallcap ended with losses of 0.9% and 1% respectively.

Indications are in the favour of further consolidation in the index so participants should focus more on stock-specific trading approach. In absence of any major event, global cues, earnings and upcoming derivatives expiry will be in focus. 

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