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2025-08-05 04:39:34 pm | Source: Religare Broking Ltd
Quote on Market Wrap 05th Aug 2025 by Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd
Quote on Market Wrap 05th Aug 2025 by Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd

Below the Quote on Market Wrap 05th Aug 2025 by Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd

 

"Markets reversed Monday’s gains and lost nearly half a percent, continuing the prevailing corrective trend. After an initial downtick, the Nifty moved in a narrow range and finally settled at 24,649.55 level. Most sectors ended in the red, with pharma, FMCG, and realty among the top losers. The broader indices also witnessed a decline, shedding between 0.21% and 0.43%.

Lingering uncertainty over the tariff situation, following recent statements from the US President, along with a lack of major positive surprises from the earnings season, has been weighing on market sentiment. All eyes are now on the outcome of the upcoming MPC meeting. While the committee is expected to hold rates steady amid global uncertainties, the tone of their commentary will be crucial. Amid this corrective phase, select stocks across sectors are showing noticeable strength and offering buying opportunities. Participants should therefore maintain a stock-specific approach and focus on prudent position sizing."

 

 

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