Daily Market Analysis : Markets edged higher, gaining over half a percent, driven by favorable cues Says Mr. Ajit Mishra, Religare Broking Ltd
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 the Quote on Daily Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd.
Markets edged higher, gaining over half a percent, driven by favorable cues. Upbeat global markets and strength in banking majors led to a strong start, followed by a range-bound movement until the close. The Nifty index ultimately settled near the day’s high at 24,292.45, up by 0.7%. Most sectors contributed to the gains, with banking, metal, and FMCG being the top performers. Broader indices also moved higher, each gaining nearly a percent.
We remain positive and suggest continuing a “buy on dips” strategy, with the 23,800-24,000 zone as the new base for the Nifty index. Favorable global cues and rotational buying in heavyweights are expected to help Nifty test the 24,500 mark.
Above views are of the author and not of the website kindly read disclaimer
Tag News
Sensex ends lower ahead of Union Budget 2024-25
