Daily Market Analysis : The market traded volatile for yet another session and ended nearly unchanged Says Mr. Ajit Mishra, Religare Broking Ltd
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Below the Quote on Daily Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
The market traded volatile for yet another session and ended nearly unchanged. After a flat start, the Nifty gradually inched higher for most of the session; however, sharp profit-taking in the final hours trimmed all the gains. Meanwhile, a mixed trend continued on the sectoral front, with energy, auto, and realty performing well, while FMCG and pharma lagged slightly. The broader indices continued to attract buying interest, helping market breadth to end on the advancing side.
Rotational participation from the heavyweights is maintaining a positive tone amid consolidation, and we expect this prevailing trend to continue. We are targeting 25,100 in the Nifty and suggest focusing on accumulating quality stocks on dips.
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