Market Wrap : Markets began the week on a volatile note but ended nearly flat amid mixed cues Says Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
Below the Quote on Market Wrap by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
"Markets began the week on a volatile note but ended nearly flat amid mixed cues. The Nifty index saw a brief uptick before slipping lower in the first half, almost testing the 22,000-support level, and eventually settled at 22,119.30. Sectoral performance was mixed, with realty, metal, and IT showing a rebound, while weakness in banking and financials capped gains. Broader indices also remained choppy and closed largely unchanged.
Global uncertainties and sustained foreign fund outflows continue to keep market participants cautious. With the 21,800-22,000-support zone in focus, a cautious approach to the Nifty index is advisable until further clarity emerges. Banking sector performance will be crucial in the coming sessions, making it an important area to monitor for market cues. Meanwhile, with stock-specific opportunities on both sides, traders should emphasize strategic selection and effective trade management."
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