Daily Market Analysis : Markets extended rebound and gained nearly half a percent on the weekly expiry day Says Mr. Ajit Mishra, Religare Broking
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/10/77e13d1a0c85343ea45d2904a3588df3.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below Quote Daily Market Analysis 06 October 2022 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd
Markets extended rebound and gained nearly half a percent on the weekly expiry day. Firm global cues triggered a gap-up start in Nifty however profit taking in the latter half trimmed the gains. It finally settled at 17,325 levels; up by 0.3%. Amid all, sectoral packs like metal, IT and realty posted decent gains while defensive viz. FMCG and pharma were on the back foot. The broader indices outperformed the benchmark and gained over a percent each.
Markets are currently rejoicing the recovery in global markets but the task is to hold gains amid mixed cues. On the index front, we expect the Nifty to find support at 17,100 in case of any dip and gradually inch toward the 17,580 zone. Amid all, participants should not go overboard and maintain focus on sector/stock selection.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/d736065c2dfd9583dee8bd2840591852.jpg)
Daily Market Analysis : Markets traded under pressure and lost over a percent amid feeble g...
![Weekly Market Note : Markets ended 4-week long gaining streak and ended marginally lower, taking a breather after the recent surge by Mr. Ajit Mishra, Religare Broking Ltd.](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/07/18aa7947a3c4d9a2f617949d22b5d25b.jpg)
![Daily Market Analysis : Markets started the March month on a positive note and gained nearly a percent Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/03/446e88715fd3d911e384db4e951706aa.jpg)
![Weekly Market Analysis : Consequently, the benchmark indices, Sensex and Nifty, settled at 62,181.67 and 18,496.60 levels Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/12/c58bc61894bbbf4b668895e365444b29.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/05/5547dc7c34581e4fe71cfd432ab79b1f.jpg)
Daily Market Commentary : Nifty remained in a tight range throughout the session amid weakne...
![Daily Market Commentary 08 February 2022 By Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/02/179f145aac2897e0ab4bdebd7a2e09c3.jpg)
![Weekly Market Outlook : The domestic market also focused on quarterly earnings Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/10/88f0f059ade498f159cd889b86f8d7e3.jpg)
![Market Quote : Global markets are rallying in anticipation of aggressive US FED rate cuts in 2024 Says Mr. Vinod Nair, Geojit Financial](https://portfolio.investmentguruindia.com/uploads/news/Broker _23.jpg)