Daily Market Analysis : Nifty witnessed a gradual up move and finally settled at 20,070 level Says Mr. Ajit Mishra, Religare Broking
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Below Quote Daily Market Analysis 13 September 2023 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd
Markets edged higher after a day of pause and gained nearly half a percent. After the flat start, Nifty witnessed a gradual up move and finally settled at 20,070 level; up by 0.38%. Meanwhile, a mixed trend on the sectoral front kept the traders busy wherein energy and banking posted decent gains while auto and IT ended lower. The broader indices too took a breather and ended in the green.
We reiterate our positive view on markets and suggest continuing with stock-specific approach, with a focus on index majors and other heavyweights. Among the sectoral pack, banking, financials and IT hold prominence for further up move so align positions accordingly.
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