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Below the Quote on Market Wrap 10th June 2025 from Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd

"Markets traded in a lackluster manner and ended almost unchanged, taking a breather after the recent surge. Following an initial gap-up opening, Nifty quickly gave up its gains and moved in a narrow range for the rest of the session.

Meanwhile, a mixed trend persisted across sectors, with IT, pharma, and energy emerging as gainers, while realty and banking remained slightly on the back foot. The broader indices also paused after a strong spell of outperformance, closing the day on a flat note.

Participants remain slightly cautious amid mixed global cues, and the divergent trend among index heavyweights continues to weigh on overall sentiment. Amid this, we maintain our positive outlook and suggest adopting a “buy on dips” approach, with a strong emphasis on stock selection. We are seeing increased participation from sectors like auto, IT, and pharma, which were previously on the sidelines, now joining the uptrend on a rotational basis. Traders should align their positions accordingly."

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