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Below the Quote on Market Wrap Up by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd

"The markets began the week on a positive note, gaining over half a percent amid mixed signals. After a flat opening, strength in heavyweight stocks, particularly in the banking sector, propelled the index higher during the first half, followed by a range-bound movement for the rest of the session. Sectoral trends remained mixed, with banking and metal sectors posting notable gains, while auto and FMCG sectors saw marginal declines. Mirroring the benchmark, the broader indices also performed well, recording gains between 0.8% and 1%. 

Markets appear to be consolidating following the recent decline, with the ongoing earnings season keeping participants engaged. Additionally, budget-related themes are attracting selective buying interest. While there has been limited alignment with global markets lately, developments following Trump’s inauguration will be closely monitored for potential cues. Amid this environment, we recommend exercising caution with aggressive positions and awaiting greater clarity."

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