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

"Markets remained volatile and ended nearly flat, extending Tuesday’s trend. After opening on a steady note, Nifty drifted lower in the first half, but a recovery in select heavyweights helped trim most losses, closing at 22,470.50. Sectoral trends remained mixed, with pharma, banking, and auto seeing gains, while IT and realty lagged. Meanwhile, broader indices faced pressure amid consolidation, losing nearly half a percent each.

Despite weak global cues, markets are displaying resilience, though pressure in key sectors is limiting the upside. Further consolidation is likely in the coming sessions, with heightened volatility expected due to the weekly expiry. Traders should maintain a stock-specific approach, focusing on large caps and prominent midcaps."

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