Daily Market Analysis : Markets traded dull on the weekly expiry day and ended marginally lower Says Mr. Ajit Mishra, Religare Broking
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Below Quote Daily Market Analysis 19 January 2023 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd
Markets traded dull on the weekly expiry day and ended marginally lower. Weak global cues were weighing on the sentiment from the beginning however continued buying in select heavyweights from banking, energy and capital goods space capped the decline. Meanwhile, the broader indices remained muted and ended flat to marginally in the red.
Though the market tone has turned positive, the participation is limited to a handful of index majors across sectors. Besides, the lack of traction on the broader front further restricts traders' options. Traders have no option but to align their positions accordingly and focus on index majors, which are seeing consistent buying interest.
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