Quote on Market Wrap 02 July 2025 by Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd

Below the Quote on Market Wrap 02 July 2025 by Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd
"Markets traded volatile and ended marginally lower, continuing the prevailing consolidation phase. After an initial uptick, the Nifty gradually drifted lower through most of the session; however, a bounce in the final hour helped trim some losses. Eventually, the index settled at 25,453.40, down by 0.35%.
On the sectoral front, the trend remained mixed, with metals, pharma, and auto sectors ending in the green, while realty and banking came under pressure. The broader indices also witnessed choppy trade and closed flat to marginally in the red.
While global markets continue to display strength, the recent pause in Nifty reflects caution, as participants await fresh triggers to resume the uptrend. We recommend maintaining a positive bias while focusing on stock selection, especially in sectors showing relative outperformance, with an eye on the risk-to-reward ratio."
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