Quote on Market Wrap 30 June 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Wrap 30 June 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Today, the benchmark indices witnessed profit booking at higher levels. The Nifty ends 121 points lower, while the Sensex was down by 452 points. Among sectors, the PSU Bank index outperformed, rallying 2.6 percent, whereas intraday profit booking was seen in banking and financial stocks. Technically, after a muted open, the market witnessed consistent profit booking at higher levels. A bearish candle on daily charts indicates temporary weakness. However, the short-term market outlook remains positive.
We believe that 25,470/83500 will act as a key level to watch. Below 25,470/83500, we could see a further correction towards 25,375–25,300/83200-83000. On the flip side, a sustained move above 25,470/83500 could push the market up to 25,600/83900. Further upside may also continue, potentially lifting the market to 25,700/84200
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