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

The markets reached a new high on the weekly expiry day, gaining nearly two percent. While the session remained subdued for the most part, strong buying in heavyweight stocks across sectors propelled the index sharply upward in the final hours. As a result, the Nifty closed at 25,388.90, up 1.9%. All sectors contributed to the rally, with metals, auto, and energy leading the gains. The broader indices also followed suit, with the midcap index hitting a new high.

This surge has reversed the previous weakness, positioning Nifty to potentially test the 25,550+ zone. On the downside, the 24,900-25,150 range is expected to provide support in the event of any dip. Participants should focus on sectors and themes displaying consistent trends and prioritize large-cap and major midcap stocks for fresh buying opportunities.

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