Daily Market Analysis : Markets started the week on a firm note and gained over half a percent Says Mr. Ajit Mishra, Religare Broking
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Below Quote Daily Market Analysis 22 May 2023 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd
Markets started the week on a firm note and gained over half a percent, in continuation to Friday's rebound. Meanwhile, a mixed trend on the sectoral front kept the traders busy wherein stocks from IT, metal and pharma space witnessed rebound while the banking and financials were slightly on the back foot. Consequently, Nifty settled at 18,314.40 levels; up by 0.61%.
Markets are taking comfort from rotational buying across sectors amid mixed global cues. The recent participation from the IT majors is certainly encouraging but sustainability would be the key ahead. Amid all, we reiterate our positive view and suggest continuing with the stock-specific trading approach.
Above views are of the author and not of the website kindly read disclaimer
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