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Below the Quote on Daily Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd

The markets continued their upward momentum, gaining nearly half a percent. Nifty opened with a gap-up and edged higher during the early session, remaining range-bound until the close. Most sectors contributed to the gains, with banking, financial, and IT sectors leading the charge. The broader indices mirrored this performance, each adding almost half a percent.

Nifty has reached its initial target of 24,700, and the current trend appears poised to continue. While all major sectors are participating, a sustained recovery in key banking stocks is essential to drive the index toward a new record high. We maintain our recommendation to adopt a “buy on dips” strategy and stay focused on stock selection.

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