Daily Market Analysis : Markets rebounded swiftly and gained over half a percent, taking a breather after two days of decline by Ajit Mishra, Religare Broking Ltd
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Below are Views On Market Analysis by Mr. Ajit Mishra, VP - Research, Religare Broking Ltd
Markets rebounded swiftly and gained over half a percent, taking a breather after two days of decline. Nifty opened with an uptick despite the weak global cues and inched gradually higher as the day progressed. Meanwhile, a mixed trend continued on the sectoral front wherein a move in the realty pack was the highlight of the day while auto and metal ended unchanged. The broader indices also posted strong gains in the range of 1%-1.7%.
Feeble global cues combined with mixed trends across heavyweights are pointing towards further consolidation in the index. Traders should continue with stock-specific trading approach, with a focus on overnight risk management.
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