Market Quote : Markets traded volatile on the weekly expiry day and shed nearly half a percent Says Mr. Ajit Mishra, Religare Broking Ltd
Quote on Market 08 June 2023 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd
Markets traded volatile on the weekly expiry day and shed nearly half a percent. The beginning was upbeat but profit taking in heavyweights across sectors pared all the gains and pushed the index into the red. Consequently, Nifty settled at 18,634.55 levels; down by 0.49%. Most sectors traded in sync and ended lower wherein realty, IT and FMCG were the top losers. The broader indices too witnessed profit taking and lost in the range of 0.5%-0.9%.
Markets have been gradually inching higher but mixed global cues combined with continued underperformance from the banking pack capping the momentum. Amid all, we suggest keeping a positive tone while maintaining focus on trade management.
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