Quote on Market Wrap 27 May 2025 from Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd
Below the Quote on Market Wrap 27 May 2025 from Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd
"Markets traded with high volatility and lost over half a percent after two consecutive sessions of rebound. The Nifty index experienced sharp swings in both directions during the first half; however, sustained profit-taking in heavyweight stocks across sectors eventually dragged the index lower, and it finally settled at 24,826.20.
On the sectoral front, a mixed trend was observed. Banks—especially PSUs—along with realty and pharma, ended with marginal gains, while FMCG, IT, and auto sectors witnessed profit-booking. Meanwhile, the broader indices displayed resilience and managed to close on a flat note.
We are currently witnessing a tug of war between bulls and bears amid mixed global cues. However, favorable domestic factors such as a good monsoon and strong macroeconomic data are helping maintain a positive undertone.
We continue to maintain a positive outlook on the market. However, sustained strength in the banking and financial sectors is crucial for the Nifty to overcome the 25,200 hurdle and regain upward momentum. In the meantime, traders should adopt a "buy on dips" strategy with a strong emphasis on stock selection."
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