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

"Markets extended their recovery, ending slightly higher, building on Tuesday’s surge. After a flat start, Nifty gradually moved up throughout the session, though profit booking in the final hour trimmed some gains. As a result, Nifty closed at 22,907.60, up 0.3%. Sectoral trends remained mixed, with realty and energy leading the gains, while IT and FMCG lagged. Meanwhile, strong performance from broader indices further lifted sentiment.

Following the recent surge, markets will react to the US Fed meeting outcome in early Thursday trades, with attention then shifting to the weekly expiry. While some consolidation is possible, the overall sentiment is likely to remain positive, favoring a "buy on dips" approach. We are witnessing rotational participation across key sectors, with banking, financials, metals, and energy taking the lead. Traders should position themselves accordingly and remain selective in the broader market."

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