Daily Market Analysis : Markets edged higher amid volatility, gaining nearly one and a half percent, largely tracking global trends Says Mr. Ajit Mishra, Religare Broking Ltd
Below the Quote on Daily Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd.
Markets edged higher amid volatility, gaining nearly one and a half percent, largely tracking global trends. The first half saw a positive tone, though volatility in the latter half kept traders on edge. Reflecting the movement of the benchmark index, all key sectors contributed, with realty, auto, and metal stocks leading the gains. Broader indices also recovered from their recent dip, advancing between 0.9% and 1.6%.
The market continues to closely follow global cues, especially from the US, whose recent strength enabled Nifty to break through the 25,550 resistance level. Attention is now focused on the next milestone of 26,000. Sector-wise, we maintain our preference for banking, financials, auto, and realty, while advising a selective approach in other sectors. Additionally, the emphasis should remain on index heavyweights and large midcaps for long positions.
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