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

Below the Quote on Market Wrap Up by Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd
"Markets remained choppy on the weekly expiry day and ended with a loss of half a percent. After a flat start, the Nifty traded sideways before a sharp sell-off in the latter half wiped out the gains from the previous session. Most sectors, barring IT, closed in the red, with realty, metal, and auto among the top losers. The broader market mirrored this trend, as the small-cap and mid-cap indices declined by 1.5% to 2%.
Ongoing uncertainty continues to make traders cautious, potentially clouding the prevailing trend amid lingering geopolitical tensions. Until the volatility, as indicated by the elevated India VIX, subsides, we recommend maintaining a hedged strategy to navigate the current environment, with focus on stock selection."
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