Daily Market Analysis : Markets started the week on a muted note and ended almost unchanged Says Mr. Ajit Mishra, Religare Broking
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Below Quote Daily Market Analysis 26 June 2022 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd
Markets started the week on a muted note and ended almost unchanged. After the initial uptick, Nifty hovered in a narrow band and finally settled at 18691.20 levels. Meanwhile, a mixed trend on the sectoral front kept the traders busy wherein pharma and auto posted decent gains while banking and energy remained subdued. The recovery in broader indices also eased some pressure.
We feel it is a breather after the recent dip and needs sustainability above 18,600 in Nifty for any meaningful rebound. Meanwhile, participants should prefer defensive viz. pharma and FMCG and choose selectively from others.
Above views are of the author and not of the website kindly read disclaimer
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