22-05-2024 03:46 PM | Source: Religare Broking Ltd
Daily Market Analysis : Markets remained volatile for another session but ended with modest gains Says Mr. Ajit Mishra, Religare Broking Ltd

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Below the Quote on Below the Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd

 

Markets remained volatile for another session but ended with modest gains. After a flat start, Nifty fluctuated within a narrow range for most of the session, closing at 22,586. Sector trends were mixed, with FMCG and realty showing decent gains, while metal and banking lagged. The broader indices mirrored the same pattern, resulting in flat market breadth.

All key sectors are contributing to the index's recovery, but the banking sector's underperformance is limiting momentum. Amid the market's choppiness, we anticipate the Nifty index will retest its record high soon. We continue to recommend a stock-specific approach, using dips or periods of consolidation to accumulate quality stocks.

 

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