Daily Market Quote : Markets edged higher in continuation to the prevailing trend and gained over half a percent Says Mr. Ajit Mishra, Religare Broking Ltd
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/07/e46b71691389550fac613b7bfd79fc7e.jpg)
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 on Daily Market Outlook 03 July 2023 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd
Markets edged higher in continuation to the prevailing trend and gained over half a percent. Upbeat global cues triggered a firm start and rotational buying across heavyweights kept the tone positive till the end. Consequently, the Nifty index settled closer to the day’s high at 19,322.55 levels; up by 0.70%. Most of the sectoral indices traded in line with the benchmark wherein energy, FMCG and metal were among the top gainers. Meanwhile, the broader indices traded mixed wherein midcap ended flat but smallcap gained over a percent.
We may see a breather in Nifty after the recent surge and it would be healthy. The existence of a hurdle at the 19,350 level combined with overbought reading may prompt traders to book some profit. However, any intermediate dip should be considered as a buying opportunity so traders should keep their list of preferred stocks ready.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
![Daily Market Analysis : Markets traded volatile on the monthly expiry day and lost nearly half a percent Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/56522ea48c2bf21cf1ad02b34c5a3647.jpg)
![Daily Market Analysis : Traders should align their positions accordingly and focus more on risk management Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/77a47a6a80229d31900a9c1f17e663bf.jpg)
![Market Analysis : Markets traded dull and ended marginally lower, taking a pause after the recent bounce says Mr. Ajit Mishra, Religare Broking Ltd.](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/7881cac5b8e0da65ed9e6e523bdf1fc6.jpg)