Daily Market Analysis : The markets began the week on a positive note and registered modest gains during a subdued trading session 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 markets began the week on a positive note and registered modest gains during a subdued trading session. After an initial uptick, the Nifty fluctuated within a narrow range before closing at the 25,278.70 level. Sectoral trends were mixed, keeping traders engaged, with FMCG and financials outperforming, while metals and pharma ended in negative territory. The broader indices were slightly on the back foot, finishing marginally in the red.
Markets are gradually inching higher each day, buoyed by favorable global cues and rotational buying in heavyweight stocks. However, the ongoing underperformance of banking majors continues to dampen sentiment. Given this scenario, we recommend aligning trades with the prevailing trend and seeking buying opportunities on market dips.
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