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

Markets traded in a subdued manner and finished almost unchanged, taking a pause after the recent rally. The mood was positive in the early trading hours, but profit-taking in select heavyweight stocks, combined with resistance near record highs, limited further gains. A mixed trend persisted across sectors, with finance and pharma performing well, while FMCG and energy sectors closed in the red. Notably, the broader indices outperformed, and the small-cap index reached a new record high.

We've been observing rotational buying across various sectors, which is supporting the index in maintaining a positive outlook. On the index front, the support zone has now shifted to the 24,600-24,800 range. Traders should focus on stock selection and take advantage of dips to add quality stocks to their portfolios. Additionally, it's advisable to closely monitor the performance of the US markets and the participation of major banking stocks for market momentum.

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