Quote on Market Wrap 15 July 2025 by Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd
Below the Quote on Market Wrap 15 July 2025 by Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd
"Markets witnessed some respite and edged marginally higher after four consecutive sessions of decline. Following a flat start, the Nifty attempted a recovery in the early hours, largely driven by buying interest in select heavyweights. However, the upside remained capped near the short-term moving average around the 25,250 level. Eventually, it settled at 25,195.80, up by 0.47%.
On the sectoral front, all key sectors ended in the green, with auto, pharma, and realty emerging as the top gainers. The positive sentiment extended to the broader markets as well, with both midcap and smallcap indices gaining nearly a percent each.
Participants drew comfort from the further easing of CPI inflation, which triggered notable buying in rate-sensitive sectors in hopes of a potential rate cut. However, continued disappointment from the IT space, following HCL Technologies' results, capped overall momentum. With the hurdle at the short-term moving average (20 DEMA) near 25,250 still intact, we suggest maintaining a cautious stance on the index and adopting a selective approach on the sectoral front."
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