Daily Market Analysis : Markets experienced a volatile session and ended marginally higher, pausing after the recent decline Says Mr. Ajit Mishra, Religare Broking Ltd
Below the Quote on Daily Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd.
Markets experienced a volatile session and ended marginally higher, pausing after the recent decline. Despite an initial uptick and a positive move in the first half, a sharp sell-off in the latter half erased all gains. Sectoral trends remained mixed, with realty, auto, and pharma leading the gainers, while metal and energy ended in the red. Broader indices outperformed amidst the choppiness, closing with gains of nearly half a percent each.
The Nifty's movement reflects that bears are firmly in control, using every rebound as an opportunity to short. We maintain our “sell on rise” stance for the index until a decisive reversal is evident, while emphasizing a selective approach for stock-specific trades.
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