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Market Quote : Markets traded robust for yet another session and gained over a percent Says Mr. Ajit Mishra, Religare Broking Ltd
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Quote on Market 29 July 2022 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd
Markets traded robust for yet another session and gained over a percent. Favorable global cues triggered a gap start however some profit taking at the higher levels capped the upside. Amid all, the Nifty managed to close around the day’s high to close at 17,158; up by 1.35%. All the sectoral indices ended higher wherein Metals, IT and Power were the top gainers. The broader indices, Midcap and Smallcap, ended higher by 1.4% and 1.7% respectively.
With major events behind us, the focus would be on earnings and upcoming high-frequency data like auto sales, PMI numbers and GST collection figures for cues. We reiterate our positive view and suggest continuing with the “buy on dips” approach.
Above views are of the author and not of the website kindly read disclaimer
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