Daily Market Analysis : Nifty inched gradually higher however profit taking in the final hour trimmed the gains Says Mr. Ajit Mishra, Religare Broking
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below Quote Daily Market Analysis 08 August 2023 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd
Market extended up move for yet another session and gained nearly half a percent. After the flat start, Nifty inched gradually higher however profit taking in the final hour trimmed the gains. Consequently, it settled at 19819.95; up by 0.47%. Most sectors contributed to the move wherein realty, financials and energy were among the top performers. Besides, the continued buying in midcap and smallcap further added to the buoyancy.
Markets may take a breather after the recent surge but the tone is likely to remain positive. In case of any dip, we expect Nifty to respect 19650 now. Since all sectors are now participating in the move, we recommend focusing on stocks, which are showing relatively higher strength within the sector.
Above views are of the author and not of the website kindly read disclaimer
Tag News
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
More News
Market perspective by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
