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Below Quote Daily Market Analysis 10 January 2022 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd

Markets traded volatile for yet another session and ended marginally higher amid mixed cues. After the flat start, Nifty hovered in a narrow range for most of the session however buying in select heavyweights aided recovery in the final hour. Eventually, it settled at 21618.70; up by 0.34%. Meanwhile, a mixed trend on the sectoral front kept the participants occupied wherein metal, IT and media were among the top performers. The broader indices also traded in tandem wherein midcap managed to edge higher.

We are seeing a balancing act by select heavyweights amid the mixed trend in banking and IT majors. And, indications are in the favor of prevailing consolidation to continue in the index thus participants should maintain their focus on stock selection and risk management. 

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