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Below the Quote on Market Wrap 01st September 2025 by Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd 

"Markets began the week on a positive note, supported by upbeat Q1 GDP data. After an initial uptick, the Nifty traded in a range during the first half; however, renewed buying in select heavyweights pushed the index higher as the session progressed. Eventually, it gained around 0.8%, retesting the hurdle of its medium-term moving average near the 24,625.05 level. Strength in auto, energy and IT stocks led the rebound, while both mid- and small-cap indices outperformed with gains of 1.7%–2.0%.

The setup now favors consolidation in the benchmark after the recent decline, though underlying concerns remain. Despite India’s robust real GDP growth, persistent foreign fund outflows and export-related challenges amid tariff headwinds could keep participants cautious. In this backdrop, we recommend focusing on sectors and themes showing relative strength—such as auto, FMCG, and consumer durables, particularly consumer-facing segments—for long trades, while staying selective in others."

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