IGI Logo

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

"Markets traded within a range on the weekly expiry day and closed slightly positive, marking the third consecutive day of consolidation. The session began with an upside gap, followed by a range-bound movement, ending at 23,311.80 level. Sectoral performance remained mixed, with metals and energy showing a decent recovery, while FMCG and pharma sectors closed lower. Broader indices outperformed, registering gains between 1.1% and 1.8%. 

Markets will react to the earnings reports of major index constituents such as Reliance, Infosys, and Axis Bank in early trades. While recent index movements have lacked clear direction, the resilience of the banking sector, which carries significant weight, is a positive sign. Amid these mixed signals, participants should prioritize selective stock picking and robust risk management strategies."

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