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Below the Quote on Market wrap 21st August 2025 from Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd

"Markets traded lackluster on the weekly expiry day and ended largely unchanged amid mixed cues. After a flat start, the Nifty moved in a narrow range throughout the session before settling at 25,080. Sectoral performance was mixed, with gains in pharma, realty, and financials, while FMCG, energy, and auto witnessed profit-taking. The broader indices also remained subdued, closing flat to marginally lower. Overall sentiment, however, stayed constructive, with stock-specific moves driving the market.

Investors are closely tracking developments around recent discussions and approvals on GST reforms, which are prompting sector-specific reactions. In addition, global cues remain in focus, particularly the Jackson Hole symposium, where commentary from central bankers could influence sentiment. The IT space, in particular, may witness further rebound once clarity emerges on the global policy outlook.

Amid this backdrop, we maintain a positive view on the market but advise traders to focus on selective opportunities arising from rotational buying across sectors. At the same time, it is prudent to avoid aggressive positioning in the broader indices and adopt a stock-specific approach in the near term."

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