Quote on Market Wrap 01st October 2025 by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
Below the Quote on Market Wrap 01st October 2025 by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
"Markets rebounded sharply on Wednesday, snapping an eight-session losing streak on the back of firm domestic cues. The benchmark index opened higher, supported by buying across large-cap counters, and scaled an intraday high near 24,867.95 before trimming some gains to finally settle at 24,836.30. Sectoral performance was broad-based, with financials and other rate-sensitive sectors leading the advance, followed by pharma, realty, and IT. The broader markets also participated in the recovery, as both midcap and smallcap indices gained over a percent each, underscoring improved risk appetite among investors.
The rebound was fueled by the Reserve Bank of India’s Monetary Policy Committee keeping the repo rate unchanged at 5.5%, in line with expectations, while signaling confidence in the domestic economic outlook. Additional support came from easing crude oil prices and sustained strength in global equities. Stability in the rupee against the US dollar and a decline in India VIX further reflected subsiding near-term volatility, encouraging incremental risk-taking.
That said, participants should avoid reading too much into a single-day rebound and wait for stability above 24,900 to confirm a sustained recovery, with immediate support now placed in the 24,600–24,700 zone. For the next session, focus will remain on rate-sensitive sectors, particularly banking, financials, and auto, while metals and energy could also offer selective buying opportunities. Amid all, traders should avoid getting carried away and stick to a stock-specific approach."
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