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Below the Quote on Market Wrap 18th Sep 2025 by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd

"Markets traded volatile on Thursday but managed to maintain the positive tone, continuing its prevailing trend. After a flat start, the Nifty index oscillated within a limited range in the first half however volatility in heavyweights in the latter half triggered sharp swings. Eventually, it closed near the day’s high at 25,423.60, up 0.37%. Sectoral trends remained mixed, with pharma, IT and financials edged higher while energy and realty ended on a muted note. The broader markets outperformed once again, with both midcap and smallcap indices rising nearly 0.5% each, reflecting strong participation across segments.

The market’s upward momentum was underpinned primarily by the US Federal Reserve’s rate cut of 25 basis points, which boosted risk sentiment globally. Besides, the sentiment stayed constructive, supported by sustained domestic flows and rotational buying in key sectors.

On the index front, we are now on the verge of testing the target zone 25,500 zone in Nifty, which could prompt some profit taking or consolidation in the index ahead. However, the favorable sentiment across the key sectors would keep the tone positive. We thus recommend focusing more on stock-specific opportunities now, preferring stocks where risk to reward is favorable."

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