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Below the Quote on market wrap 08th September 2025 from Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd

Markets started the week on a positive note and ended with modest gains amid mixed cues. After opening firm above the 24,800 mark, the Nifty gradually moved higher through the day; however, sharp profit-taking in the final hour trimmed the gains. On the sectoral front, autos,realty and metals were among the performers, while IT and FMCG lagged. Broader markets displayed resilience, with the Nifty Midcap and Smallcap indices closing modestly higher—underlining sustained interest in the wider universe.

Investor sentiment was supported by the GST rate cut tailwinds and dovish signals from the US Federal Reserve, which bolstered rate-cut hopes after weak US jobs data. Easing geopolitical risks and optimism around India’s domestic economic outlook also lent support to select sectors. However, persistent foreign institutional selling and speculation over potential restrictions on IT services exports capped the upside. Fund flows reflected a tug-of-war between FII outflows and robust DII buying, a typical feature of markets at an inflection point.

On the index front, we expect the prevailing tussle to end only with a decisive breakout above the 25,000 mark on the Nifty, while the 24,400–24,600 zone should act as a cushion. We suggest closely tracking the performance of banking and IT majors for the next directional move in the index. Meanwhile, traders should continue to focus on other sectors that are holding firm and participating on a rotational basis.

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