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Below Quote Daily Market Analysis 27 September 2022 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd

Markets remained volatile for yet another session and ended almost on a flat note, taking a breather after the recent slide. After the initial uptick, the benchmark traded volatile in a range till the end and settled closer to the day’s low to close at 17,007.40 levels. Meanwhile, sectoral performance was mixed wherein oil & gas, pharma and IT ended higher while metal, banking and auto remained under pressure.

Markets may witness some consolidation or pause after the recent decline however mixed trends across sectors would continue to offer trading opportunities across the board. Besides, the beginning of the MPC meet and global cues would keep the volatility high. We feel it’s prudent to continue with the defensive pack for long trades until we see some stability. 

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