What is the current performance of different market sectors and what can investors expect in the near term?

IT and energy sectors are leading the gains in the market, while FMCG and auto sectors are experiencing corrections. Analysts predict that markets may continue to trade sideways within the range of 22,800 to 23,100 in the near term. A decisive breakout will determine the next major market move. If the Nifty breaks below 22,800, further correction may follow, whereas a move past 23,000 could signal renewed bullish momentum. However, overall investor sentiment remains cautious as they monitor global market trends and upcoming economic events.