Quote on Market Wrap 18th August 2025 from Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd
Below the Quote on Market Wrap 18th August 2025 from Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd
"Markets staged a strong rally on Monday and ended with gains of over a percent. After a sharp gap-up start, the Nifty moved within a consolidation range before finally settling at 24,876.95. The positive sentiment was driven by GST reform proposals, easing concerns over crude oil prices, and a sovereign rating upgrade, which together lifted investor confidence. Sector-wise, all major indices, barring IT, contributed to the up move, with auto, realty, and metal leading the gains. Broader markets also joined the rally, as midcaps and smallcaps advanced between 1.14% and 1.43%.
The rebound reflects renewed optimism, supported by policy tailwinds and improving technical indicators. However, lingering uncertainty on the global front—particularly regarding the India-US trade talks amid a potential delay in their meeting—may continue to weigh on sentiment.
Going forward, with the Nifty reclaiming its short-term moving average (20-DEMA) around 24,750, sustaining above this level will be crucial for a move toward 25,250. Traders are advised to remain focused on sectoral rotation, with auto and consumption themes likely to stay in favor, while maintaining a stock-specific and risk-managed approach."
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