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Below the Quote on Market Wrap 06th Aug 2025 by Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd

"Markets remained volatile on Wednesday and ended lower amid mixed cues. After a flat start, the Nifty oscillated within a range and eventually settled near the lower end at 24,574.20. Participants were awaiting the outcome of the MPC meeting, which was in line with expectations, as the policy rate remained unchanged and the neutral stance continued. As a result, there was no significant market reaction.

Most sectors edged lower, with pharma, IT, and realty emerging as the top losers. However, resilience in banking heavyweights helped limit the overall downside. The broader indices also came under pressure, each losing nearly a percent.

The recent price action reflects indecisiveness among market participants amid ongoing uncertainty surrounding tariffs and trade deals. Any negative surprise on this front could exert further pressure, with the next support for the Nifty placed at 24,450. On the upside, the 24,700–24,800 zone may continue to act as an immediate hurdle. Participants should align their positions accordingly, with an emphasis on stock selection and risk management."

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