Daily Market Analysis : Markets remained range-bound for yet another day, closing marginally higher in line with the ongoing trend Says Mr. Ajit Mishra, Religare Broking Ltd
Below the Quote on Daily Market Analysis by Mr. Ajit Mishra, Religare Broking Ltd
Markets remained range-bound for yet another day, closing marginally higher in line with the ongoing trend. After an initial gap-up, the Nifty fluctuated within a narrow band, ultimately settling at 23,399.95. Sector-wise, a mixed trend persisted, with realty and IT sectors leading gains while FMCG and energy sectors lagged. Broader indices outperformed, each rising over half a percent.
We are seeing a time-wise correction in the Nifty index, with indications suggesting the current trend will continue. We reiterate our recommendation to focus on stock-specific trading, particularly in themes such as agriculture-related, sugar, chemicals, and select defense stocks for long positions.
Above views are of the author and not of the website kindly read disclaimer
Tag News
Weekly Market Wrap by Amol Athawale, VP-Technical Research, Kotak Securities