Daily Market Analysis : The Markets traded lackluster, ending slightly lower as the consolidation phase continued Says Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd
Below the Quote On Market Analysis by Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd
The markets traded lackluster, ending slightly lower as the consolidation phase continued. After an initial dip, the Nifty saw sharp fluctuations in the early hours before settling into a range-bound movement for the rest of the session. Sector-wise, the trend was mixed, with IT and FMCG showing gains while realty and energy were among the top decliners. Broader indices faced pressure, dropping between 1% and 1.5%.
This mixed sectoral trend is leaving participants uncertain about the market's next direction. While IT stocks have regained momentum following last week’s dip, the banking sector remains stuck in a range. Given the current scenario, a cautious stance with a hedged approach is advisable until clearer market signals emerge. Meanwhile, investors could use this period to selectively accumulate quality stocks available at attractive valuations.
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