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Below the Quote on Market Wrap 18 July 2025 by Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd

"Markets remained range-bound and ended almost flat, indicating a pause amid mixed signals. After an initial uptick, the Nifty gradually drifted lower in the first half, followed by a sideways move until the close. Most key sectors ended in the red, with pharma, realty, and auto emerging as the top losers. The broader indices also mirrored the trend, shedding nearly half a percent each.

The market continues to lack clear direction amid mixed earnings announcements and muted global cues. We maintain a cautious stance until the Nifty decisively reclaims the 25,250 mark, while immediate support is seen at 24,900. Meanwhile, traders should adopt a hedged approach and focus on fundamentally strong counters, with an emphasis on earnings performance."

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