Daily Market Analysis : The broader indices also managed to close flat amid volatility 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 19 May 2022 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd
Markets finally witnessed a breather, after three days of successive decline and gained nearly half a percent. The tone was negative in the first hour however recovery in the select heavyweights triggered a gradual rebound as the session progressed. Finally, the Nifty index settled closer to the day’s high at 18203.40 levels; up by 0.41%. Meanwhile, a mixed trend was witnessed on the sectoral front, wherein recovery in the IT pack combined with buying auto, banking and realty space eased some pressure. The broader indices also managed to close flat amid volatility.
As global cues are still mixed, resilience in the banking pack is critical for Nifty to hold 18,050 levels and stage further recovery. We reiterate our view to restrict positions and focus on accumulating quality stocks during the consolidation phase.
Above views are of the author and not of the website kindly read disclaimer
Top News
Perspective on Zomato India`s Listing on the exchange today by Ms. Sneha Poddar, Motilal Osw...
Tag News
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
