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Below the Quote on Daily Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd

Markets remained range-bound for the third successive session, ultimately gaining nearly half a percent. After an initial uptick, the Nifty fluctuated within a narrow range, but buying in select heavyweight stocks during the final trades helped the index close near the day’s high at 24,951.15. Most sectors aligned with the benchmark's performance, with metals and pharmaceuticals among the top gainers. Conversely, the broader indices displayed mixed results, with midcaps gaining over half a percent while smallcaps ended slightly lower.

Market reactions to the US Fed meeting outcome will be evident in early trades on Thursday. Indications suggest that the current market tone will persist. With key sectors, except banking, contributing to the momentum, traders should focus on selecting quality stocks and utilize any market dips for accumulation.

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