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Daily Market Analysis : The markets extended their rebound, gaining nearly half a percent, supported by a recovery in global indices Says Mr. Ajit Mishra, Religare Broking Ltd
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Below the Quote on Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
The markets extended their rebound, gaining nearly half a percent, supported by a recovery in global indices. Despite a slight dip after the gap-up opening, buying interest in select heavyweight stocks across sectors helped push the Nifty higher. Key sectors, led by IT and pharma, contributed to the rise, while broader indices also saw a strong recovery, each gaining around 1%.
With Indian markets largely tracking global trends, a sustained recovery in US markets could further improve sentiment. However, given the selective participation, traders are advised to focus on careful stock selection and prudent trade management.
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