Quote on Market Wrap 29th October 2025 by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
Below the Quote on Market Wrap 29th October 2025 by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
"Markets edged higher on Wednesday, gaining nearly half a percent amid upbeat global cues. Investor sentiment remained supported by expectations of a potential U.S. Federal Reserve rate cut and encouraging updates on possible trade deals. After a positive start, the Nifty 50 gradually moved higher throughout the session and closed at 26,053.90. Sectorally, all major indices, barring auto, ended in the green, with energy, metal, and FMCG leading the gains. The broader markets also moved in tandem, with the midcap and smallcap indices advancing between 0.49% and 0.71%.
Participants will first react to the U.S. Fed’s policy outcome in early trade on Thursday, after which focus will shift back to corporate earnings. With rotational buying seen across sectors, we expect the prevailing uptrend to continue, with the Nifty eyeing a fresh record high. Immediate support is placed at 25,800. While improving market breadth adds to the positive undertone, we continue to advise a selective approach, favoring fundamentally strong companies."
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