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Below is the Daily Market Analysis 06 June 2022 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd

Markets traded lackluster and ended almost unchanged amid mixed cues. The start was muted on the back of weak global cues however recovery in metals and selective buying in financials pared all the losses. Consequently, the Nifty ended flat at 16,569.55 levels. On the sector front, a mixed trend was witnessed wherein realty, media and PSU banks were the top losers. The broader indices too witnessed a similar trend and traded mixed.

The prevailing uncertainty on the global front combined with caution ahead of the MPC meet outcome is keeping the participants on the edge. Indications are in the favour of further consolidation in the index so the focus should be on identifying the sectors/stocks and maintaining positions on both sides.

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