IGI Logo

Below the Quote on Daily Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd

Markets began the week on a muted note and ended nearly flat, taking a breather after Friday’s surge. Following an initial uptick, the Nifty traded within a narrow range and ultimately closed at 24,580 level. Sectoral performance was mixed, with metals, energy, and IT showing decent gains, while auto and banking lagged behind. The broader indices followed a similar pattern, with the small-cap index performing well, gaining over one and a half percent.

The recovery in global markets is supporting the index's positive tone, but the underperformance of banking majors is limiting momentum. Amid all, we recommend maintaining a "buy on dips" strategy, with a focus on stock selection. Our preference remains for the IT and FMCG sector, and we suggest being selective in others.

Above views are of the author and not of the website kindly read disclaimer