Key Highlights
- “Markets traded in a volatile manner on Monday and eventually ended almost unchanged, extending the ongoing consolidation phase.
- The session began on a cautious note, tracking continued weakness in the rupee and mixed global cues.
- However, a rebound in index heavyweights from key sectors helped pare most of the early losses, enabling the Nifty to close flat at 26,027.30.
- With most major domestic and global events behind us, rupee weakness and mixed global cues are currently dictating market direction.
- At the same time, rotational strength in heavyweight stocks across sectors is providing support and helping the index hold its ground amid the ongoing consolidation phase,” said Ajit Mishra – SVP, Research, Religare Broking Ltd.
