Markets in wait-and-watch mode; festive consumption & manufacturing revival could drive next rally: Dikshit Mittal

Indian markets are building a foundation for a future rally. Strong third-quarter growth, festive consumption, and policy support are expected to trigger an upward breakout later this year. Domestic liquidity remains robust. Consumption and discretionary spending are set to lead, with manufacturing and semiconductors also showing promise. Investors should stay invested in quality stocks for the next growth cycle.