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Below the Quote on Market Wrap 17th October 2025 by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd

"Markets ended the week on a strong note, with the Nifty 50 scaling a fresh 52-week high amid supportive global and domestic cues. The index opened firm and remained buoyant through the first half of the session, though some profit-taking in the latter half trimmed early gains. Eventually, it settled at 25,709, up nearly 0.5%. Sectorally, the banking index touched a new record high, while FMCG, auto, and pharma also finished in the green. In contrast, IT and metal stocks edged lower. The broader indices underperformed the benchmark, closing flat to marginally lower, reflecting selective participation.

The day’s up move was supported by multiple factors — notably, positive FII inflows and a stronger rupee. Foreign investors continued to be net buyers, encouraged by a benign global interest-rate environment and resilient corporate earnings from leading private banks and consumer-focused majors.

Looking ahead, participants will react to the quarterly results of heavyweights Reliance Industries, HDFC Bank, and ICICI Bank in early trade on Monday, which could dictate market direction. Technically, the Nifty’s prevailing positive tone remains intact, with the next targets seen at 26,000, followed by new lifetime highs. However, given the recent underperformance in the broader market, traders are advised to focus on index heavyweights and larger midcaps for long trades."

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