Daily Market Analysis : Markets traded within a range and ended flat, pausing after the recent rebound Says Mr. Ajit Mishra, Religare Broking Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below the Quote on Daily Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
Markets traded within a range and ended flat, pausing after the recent rebound. Nifty oscillated in a narrow band before settling at 24,192. Sectoral trends were mixed, with IT and FMCG edging higher, while auto, pharma, and energy ended in the red. Broader indices showed a similar trend, with smallcaps gaining nearly 1%.
Nifty’s consolidation is unfolding as expected post-rebound. Banking and IT remain the key drivers, but a decisive move beyond the 24,350 hurdle will require broader participation from other heavyweight sectors. Traders are advised to stay selective, using dips to accumulate quality stocks, as long as Nifty holds above the 23,800 level.
Above views are of the author and not of the website kindly read disclaimer
