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Below the Quote on Market wrap 19th August 2025 from Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd

"Markets extended their gains on Tuesday and ended higher amid volatility. After a flat start, the Nifty gradually moved up in the first half but once again failed to cross the 25,000 hurdle and slipped lower. However, a rebound in the final hours lifted the index back near the day’s high, and it eventually settled at 24,988, up 0.46%. On the sectoral front, the auto pack remained buoyant on optimism over proposed GST reforms, followed by strength in FMCG and energy, while pharma saw mild profit-booking. The broader markets also contributed, with midcaps and smallcaps advancing between 0.75% and 1%, adding to the positive breadth.

The consistent performance reflects resilient sentiment, supported by policy tailwinds and sustained buying in index heavyweights. That said, global developments—particularly geopolitical events and updates on trade negotiations—could keep the momentum in check. Amid all, we recommend continuing with a “buy-on-dips” strategy as long as the Nifty holds above 24,750, with an upside potential toward 25,250 in the near term. With participation broad-based across most sectors, barring IT, traders should align their positions accordingly while maintaining a stock-specific approach."

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