Daily Market Analysis : Markets traded dull in a narrow band and ended marginally in the green amid mixed cues Says Mr. Ajit Mishra, Religare Broking
Below Quote Daily Market Analysis 21 June 2022 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd
Markets traded dull in a narrow band and ended marginally in the green amid mixed cues. Weak global cues were weighing on sentiment in early trades but noticeable strength in HDFC twins and rotational participation from select heavyweights helped Nifty to settle around the record high. Meanwhile, financials and energy posted decent gains among the sectoral pack while metal, realty and FMCG witnessed profit taking. The prevailing buoyancy continued on the broader front wherein the midcap index gained nearly a percent.
Markets are rewarding handsomely to those who are maintaining a stock-specific approach while the Nifty is hovering around the record high. Traders should align their positions accordingly and focus more on stock selection and trade management.
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