Daily Market Analysis :The benchmark indices experienced a dull special trading session but managed to end with marginal gains Says Mr. Ajit Mishra, Religare Broking
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Below the Quote on Daily Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd.
The benchmark indices experienced a dull special trading session but managed to end with marginal gains. After an initial rise, Nifty traded within a narrow range and eventually closed at 22,502. The sectoral performance was mixed, keeping traders engaged, with realty and pharma sectors posting modest gains, while banking and financial sectors remained subdued. Meanwhile, the broader market showed buoyancy, as midcap and smallcap indices increased between 0.4% and 0.8%.
Although the mixed performance among major stocks is limiting momentum in the index, the broader market's strength and gains in select heavyweights are providing ample opportunities. Participants should adjust their positions accordingly and maintain a "buy on dips" strategy.
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