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Below the Quote on Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker

The Sensex and Nifty started the day on a subdued note but gradually inched higher as the session unfolded. We expect this positive momentum to persist, potentially guiding the Nifty towards the 25,200 level, while the 24,800 mark is anticipated to act as immediate support.

The Bank Nifty also began on a positive trajectory but encountered resistance at a key trend line, leading to some profit-taking. A sustained move above 51,320 could pave the way for the index to advance towards the 52,000 mark.

Looking ahead, the market is buoyed by speculation of a potential rate cut by the US Fed is likely to energize global markets, including Dalal Street. We anticipate this momentum to persist and potentially drive the indices to new highs, with broader market participation expected.

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