Daily Market Analysis : Markets made a tepid start and settled with a cut of over half a precent Says Mr. Ajit Mishra, Religare Broking
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Below Quote Daily Market Analysis 13 October 2022 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd
Markets made a tepid start and settled with a cut of over half a precent, tracking weak domestic cues. Mixed earnings and not so encouraging macroeconomic data dented sentiment and pushed the Nifty lower in the first half. Though it tried to recoup losses in the middle, selling pressure in the final hour capped the recovery. It finally closed at 17,014.25 levels. Mostly sectoral indices ended lower in line with the index wherein banking and realty were among the top losers.
Markets are somehow managing to hold the recent low amid excessive volatility but it could be a pause before a further slide. We feel the performance of the banking and financials would dictate the trend in the near future while others are showing a mixed trend.
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