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Below the Quote on Market Wrap 18th June 2025 from Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd

"Markets traded lackluster and ended marginally in the red, extending the ongoing consolidation phase. After a flat start, the Nifty edged higher initially but failed to sustain the momentum, primarily due to pressure from heavyweight stocks. It then moved within a narrow range and eventually settled at 24,812.05. Sectoral trends mirrored the broader market, with auto and banking ending slightly in the green, while IT, metal, and FMCG slipped lower. The broader indices also declined by nearly half a percent, continuing the profit-taking trend.

Markets will react to the outcome of the US Fed policy meeting during early trades on Thursday. While most expect no change in interest rates, the Fed's commentary—especially in light of the prevailing global uncertainty caused by geopolitical tensions and trade tariff concerns—will be more crucial. We recommend maintaining a cautious approach until there is more clarity. In the meantime, participants can consider selectively accumulating stocks that are showing relative strength amid the volatility, with a preference for large-cap and stronger mid-cap names."

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