Quote on market wrap 16 May 2025 from Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
Below the Quote on Market Wrap Up by Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd
"Markets traded lackluster after Thursday’s surge and ended marginally lower, in the absence of any fresh triggers. The tone remained subdued from the outset, with consolidation in heavyweight stocks across sectors capping the move throughout the session. As a result, the Nifty index settled at 25,019.80, down by 0.17%.
On the sectoral front, a mixed trend kept participants engaged. Realty, energy, and auto sectors edged higher, while IT witnessed some profit-taking, declining by nearly a percent. The broader indices outperformed amid mixed cues, with themes like defense and railways continuing to attract notable buying interest.
More than the recovery in the benchmark index, the broad-based rebound has offered greater relief to market participants. Sustained FII inflows and stable global markets are further contributing to the positive sentiment. We continue to maintain our bullish outlook and recommend focusing on selective stock-picking. Going forward, corporate earnings and global market trends will remain key factors to watch in the absence of any major events."
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