Daily Market Analysis : The markets traded subdued and closed nearly unchanged today, pausing after recent gains 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 traded subdued and closed nearly unchanged today, pausing after recent gains. After an initial rise, the Nifty fluctuated within a narrow range before settling around the 24,613 mark. Sector-wise, realty, FMCG, and IT sectors saw gains, while profit-taking was observed in pharma and energy sectors. The broader indices mirrored the benchmark's movements and ended the day almost flat.
Despite the recent slowdown in Nifty's upward momentum, the overall sentiment remains positive, with a higher support base forming in the 24,150-24,350 range. Therefore, our advice remains focused on careful stock selection and effective trade management strategies.
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