Quote on Market Wrap 07th November 2025 by Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd
Below the Quote on Market Wrap 07th November 2025 by Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd
"Markets traded volatile on Friday and ended nearly flat, offering a much-needed breather after the recent decline. After a soft start, the Nifty index witnessed a gradual recovery through the session and eventually settled at 25,492.30 mark. On the sectoral front, metals, banking, and financials rebounded strongly, while IT and FMCG remained subdued. The broader market showed a mixed trend, with the midcap index gaining over half a percent while the smallcap index closed marginally lower.
The recent phase reflects a cautious stance among participants amid persistent global headwinds and the absence of any major domestic triggers. Sectoral pressure was further accentuated by a few soft earnings, which also led to profit-taking in some of the recently outperforming sectors.
Technically, the Nifty managed to hold its trendline support on the daily chart after retracing nearly half of the previous rally. Stability above the 25,600 level could help rebuild trader confidence and pave the way for a move towards the 25,800–26,000 zone. On the downside, 25,300 will continue to act as key support in case of any further dip. Meanwhile, we maintain our view to focus on sectors and themes showing consistent strength and use corrections to gradually accumulate quality names. Additionally, holding a few short positions in weaker stocks as a hedge against long trades remains a prudent strategy."
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