Daily Market Analysis : The markets started strong, gaining over a percent, buoyed by positive global cues 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 started strong, gaining over a percent, buoyed by positive global cues. Following an initial gap-up, Nifty traded within a range and closed at 24,370. Most sectors contributed to the rally, with banking, auto, and IT leading the gains. Broader indices also performed well, adding about half a percent.
Global volatility is leading to erratic market swings, keeping traders on edge. We recommend a cautious approach until Nifty decisively closes above the 24,500 level. In the meantime, certain sectors and themes are showing resilience, so traders should adjust their positions accordingly.
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