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Below the Quote on Market Wrap 06th Aug 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities

Today, the benchmark indices experienced a volatile trading session. After a roller-coaster activity, the Nifty ended 88 points lower, while the Sensex was down by 148 points. Among sectors, the Media, Tourism, Défense, Metal indices shed over 2 percent, whereas some  intraday buying was observed in selective IT stocks.

Technically, after an early morning intraday bounce back, the market encountered resistance near 25,700/84,000 and reversed sharply. From the day’s highest point, the market corrected over 180/600 points. A bearish candle on daily charts and a lower top formation on intraday charts indicate further weakness from the current levels.

We believe that the current market texture is weak, but a fresh sell-off is possible only after the dismissal of 25,450/83,100. Below this level, the market could slip to 25,300-25,250/82,700-82,500. On the upside, above 25,625/83,700, the market could move up to 25,700/84,000. Further upside may also continue, potentially lifting the market to 25,800/84,300

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