Daily Market Analysis : The markets remained volatile for yet another session, ending slightly lower as part of the ongoing consolidation phase 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 remained volatile for yet another session, ending slightly lower as part of the ongoing consolidation phase. After an early rise, the index drifted lower and traded within a narrow range, closing at 25,145.10. Sector-wise, there was a mixed performance, with IT and metal showing strength, while realty, energy, and auto sectors declined. Notably, the broader indices outperformed the benchmark, with the small-cap index gaining nearly a percent.
While the index suggests further consolidation, it's important to closely monitor the performance of the US markets for direction. In the meantime, traders should focus on resilient sectors and themes, using this period to gradually accumulate quality stocks.
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