Below Quote Daily Market Analysis 10 April 2023 By Mr. Ajit Mishra, VP – Research, Religare Broking Ltd
Market started the week on a flat note, after hovering volatile in a range. After the initial uptick, Nifty inched higher in the first half but profit taking erased all the gains as the day progressed.Finally, it has settled at 17624.05; up by 0.14%. On the sectoral front, buying interest in auto, energy and IT capped the damage. Besides, recovery on the broader front kept the traders busy.
We expect further consolidation in the index however the tone is likely to remain positive. Now, the upcoming results and global cues will largely dictate the trend. Meanwhile, we recommend focusing on stock specific opportunities.
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