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Below the Quote on Market Wrap 08th October 2025 by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd

"Markets traded sideways on Wednesday and ended with a mild downtick, taking a breather after the recent surge. After a quiet start, the Nifty moved within a narrow range for most of the session and eventually settled near the day’s low at 25,046.15. On the sectoral front, most sectors, barring IT, closed lower, with realty and auto among the top losers. The broader indices also lost nearly half a percent each, mirroring the overall sectoral weakness.

With the earnings season underway, focus now shifts to TCS’s quarterly results, scheduled for Thursday, October 9. As IT remains one of the lagging sectors, market participants will closely watch how sentiment evolves post its numbers.

On the index front, indications point toward further consolidation, albeit with a positive bias. We continue to maintain a “buy on dips” strategy and recommend focusing on opportunities with a favorable risk-reward setup, particularly within sectors showing consistent relative strength such as auto, metals, and PSUs, while remaining selective in others."

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