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

Markets traded within a narrow range and ended the day nearly unchanged despite an eventful session. After a flat opening, the Nifty remained confined to a tight band, as the MPC meeting outcome aligned with market expectations and failed to evoke a significant reaction. Sectoral trends were mixed, with gains in metal and auto stocks, while IT, banking, and energy sectors remained subdued. On the broader front, midcap and smallcap indices continued to exhibit strength, posting gains of 0.44% to 0.85%.

We maintain our bullish outlook and recommend adopting a "buy on dips" strategy, emphasizing selective stock picking. While the strong performance from key sectors such as banking and IT is likely to persist, we anticipate selective contributions from other sectors as well. Additionally, the broader indices, particularly midcap and smallcap segments, are presenting promising opportunities, making selective investments in this space worthwhile."

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