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Below the Quote on market wrap from Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd

"The markets started the week on a positive note, gaining over half a percent amid volatility, continuing Friday’s rebound. After a gap-up opening, the Nifty witnessed sharp fluctuations during the initial hours, followed by a range-bound move till the end, eventually settling at the 25,003 level. All key sectors moved in sync with the overall trend, with auto, IT, and FMCG emerging as the top gainers. The broader indices—midcaps and smallcaps—also edged higher, posting gains in the range of 0.4% to 0.6%.

The move reaffirms our positive outlook on the markets; however, caution persists due to mixed global cues, which continue to limit the pace of the rally. As the Nifty once again approaches its previous swing high, sustained strength in key sectors, especially banking, will be crucial to surpass the 25,200 hurdle and regain upward momentum. In the meantime, traders are advised to remain stock-specific and use any intermediate dips or pauses as opportunities to accumulate quality names across sectors."

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