01-01-1970 12:00 AM | Source: Religare Broking Ltd
Banking underperformed the benchmark and ended almost unchanged amid volatility - Religare Broking
News By Tags | #2730 #879 #1014 #5695 #59

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Nifty 

* Nifty traded dull but managed to end marginally in the green, thanks to firm global cues.

* Movement on the sectoral front kept the traders busy. IT and realty posted decent gains while banking and financials remained under pressure.

* Upcoming data and events would keep the volatility high.

* Reiterate our view to focus more on stock selection and risk management.

 

Banknifty

* Banking underperformed the benchmark and ended almost unchanged amid volatility.

* Decline in heavyweights, HDFC Bank and ICICI Bank, was weighing on sentiment.

* A decisive breakdown of 20 EMA support at 43,850 would further add to the pressure.

* Stay selective and prefer private banking counters for accumulation on dips.

 

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