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Below the Quote on Market Wrap 10th October 2025 by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd

"Markets edged higher and gained nearly half a percent, resuming their upward trajectory after a brief consolidation phase. Following a mildly positive start, the Nifty built on early momentum, supported by sustained strength in select heavyweights, particularly from the banking space. However, a minor pullback in the final hour trimmed part of the gains, and the index eventually settled at 25,286. Sectoral performance was mixed—realty, pharma, and banking led the advance, while metal and IT ended on a subdued note. The broader indices moved largely in tandem, adding around half a percent each, reflecting healthy market participation.

The up move was supported by a blend of domestic and global factors. Investor sentiment received a boost from TCS’s AI infrastructure expansion and the continued strength in banking majors, which offset weak cues from Asian markets and overnight declines on Wall Street. Institutional activity also remained constructive, with foreign investors being net buyers for yet another session, signaling stability in flows.

Technically, the Nifty is once again approaching its trendline resistance around 25,450, with immediate support now placed near 25,000. A decisive breakout above this hurdle could further reinforce the recovery and open the path toward the June highs near 25,669. We expect rotational buying across key sectors to continue providing trading opportunities; however, traders should emphasize prudent risk management given the likely volatility during the ongoing earnings season."

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