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Market Quote : Markets traded under pressure and lost nearly a percent Says Mr. Ajit Mishra, Religare Broking Ltd
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Quote on Market 12 July 2022 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd
Markets traded under pressure and lost nearly a percent, in continuation to the prevailing consolidation phase. After the weak start, the benchmark drifted further lower and settled around the day’s low. Consequently, the Nifty index settled at 16,058.30; down by 1%. The profit taking was widespread and mostly sectoral indices ended lower. The broader indices also lost nearly half a percent each.
Markets would react to the inflation data of India and the US in early trades. Besides, the earnings announcement from some of the IT majors would also be in focus. We recommend maintaining a focus on identifying stock-specific opportunities with a bias on the positive side.
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