Quote on Market Wrap 25th June 2025 by Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd
Below the Quote on Market Wrap 25th June 2025 by Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd
"Markets maintained their positive tone and gained nearly a percent, supported by favorable global cues. A strong handover from the U.S. markets triggered a gap-up start, which was further fueled by buying interest in select heavyweight stocks. As a result, the Nifty index managed to sustain above the key resistance level of 25,200 and finally settled at 25,244.75.
On the sectoral front, most indices ended in the green, with IT, auto, and FMCG emerging as the top gainers. The broader indices also performed well, posting gains in the range of 0.4% to 1.5%.
The recent market resilience despite mixed global cues reflects underlying strength, although heightened volatility continues to keep traders cautious. Notably, the Nifty has surpassed the 25,200 mark just ahead of the June monthly expiry. It will be crucial to see whether it can sustain above this level, especially given the divergent trends across sectors. Amidst this backdrop, we maintain our positive outlook and continue to advocate a “buy on dips” approach, with a strong emphasis on stock selection."
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