Daily Market Analysis : The December series began positively, with markets gaining nearly 1% Says Mr. Ajit Mishra, Religare Broking Ltd
Below the Quote on Daily Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
The December series began positively, with markets gaining nearly 1%. Nifty surged early on, settling at 24,131 after a range-bound phase. Pharma, energy, and auto led sectoral gains, while smallcaps moved in line with the benchmark, and midcaps ended flat.
Nifty is expected to consolidate further, making stock selection based on relative strength crucial. IT and banking sectors rebounded after a brief decline and will remain key in determining market direction. Their continued performance could influence sentiment in the near term.
While largecaps and quality midcaps are favored for their stability, selective smallcap opportunities with strong recent performance should not be overlooked. Traders should adopt a balanced approach to capitalize on the evolving market conditions.
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