Daily Market Analysis : Markets witnessed profit taking on Friday and shed over half a percent, tracking feeble global cues Says Mr. Ajit Mishra, Religare Broking
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below the Quote on Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
Markets witnessed profit taking on Friday and shed over half a percent, tracking feeble global cues. After the flat start, the Nifty gradually inched lower as the day progressed and finally settled around the day’s low at 22,419.95 (-0.7%). Meanwhile, a mixed trend was witnessed on the sectoral front wherein pharma, realty and IT posted decent gains while financials and banking ended in the red. The broader indices outshined the benchmark and gained in the range of 0.6%-0.8%.
The intermediate volatility is normal during the earnings season and mixed global cues are further adding to the choppiness. We suggest continuing with stock-specific trading approach and utilizing dips to add quality names.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/asianshares25.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/BSE 7.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Broker _19.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Oil 27 Oct.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/yen127.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ashish Khandelia - Founder at Certus Capital & Earnnest.me.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/soyabean.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gold 1.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
Index is likely to open on a gap down note today and is likely to remain negative during the...
![Indian shares set to open lower; L&T, Axis Bank in focus](https://portfolio.investmentguruindia.com/uploads/news/BSE 7.jpg)
![Opening Bell : Domestic indices to make gap-down opening amid global sell-off](https://portfolio.investmentguruindia.com/uploads/news/Broker _19.jpg)
![Daily Market Commentary : Nifty witnessed a post-budget impact and traded in negative territory throughout the session says Mr. Siddhartha Khemka , Head - Retail Research, Motilal Oswal Financial Services Ltd](https://portfolio.investmentguruindia.com/uploads/news/Broker_2.jpg)
More News
![](https://portfolio.investmentguruindia.com/uploads/news/34f6f09b0959bce23c3a9a09251709a5.jpg)
Daily Market Analysis : Markets remained volatile for yet another session and lost nearly ha...
![Daily Market Commentary : Nifty after recording a fresh high of 22783 levels, witnessed profit booking at higher zone Says Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/uploads/news/Broker_5.jpg)
![Morning Nifty and Derivative comments 01 November 2023 By Anand James, Geojit Financial Services](https://portfolio.investmentguruindia.com//uploads/news/broker_1.jpg)
![Daily Market Analysis : Markets started the week with a cut amid mixed cues and lost over half a percent Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)