Daily Market Analysis : The swift recovery in US markets, along with the recent uptick in foreign inflows, is driving this upward movement 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 saw lackluster trading on Friday, ending slightly lower as they took a breather following a strong surge. After a flat opening, the Nifty fluctuated within a narrow range throughout the session and ultimately closed at 25,344. Sectoral performance was mixed, with realty and metals showing solid gains, while FMCG and energy declined. Meanwhile, the broader indices outperformed the benchmark, each rising by over half a percent.
The swift recovery in US markets, along with the recent uptick in foreign inflows, is driving this upward movement. We remain bullish and recommend using any interim dips to accumulate high-quality large-cap and large mid-cap stocks.
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