Daily Market Analysis : Markets edged higher, gaining nearly half a percent, continuing the current trend 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, gaining nearly half a percent, continuing the current trend. Positive global cues led to a strong start, followed by a range-bound movement throughout the session. Most sectors participated in the rally, with real estate and pharmaceuticals among the top gainers. Broader indices also aligned closely with the benchmark, each advancing nearly half a percent.
The recent market uptrend can largely be attributed to global stability and renewed foreign inflows. We expect this positive sentiment to continue, with the Nifty targeting the 25,500 mark soon. Among the key sectors, IT is demonstrating consistent strength, while others show selective participation. In this environment, traders should focus on stock selection, favoring those with relatively stronger performance.
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