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Below the Quote on Market Wrap 30th June 2025 by Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd

"Markets began the week on a soft note, slipping nearly half a percent as they took a breather following the recent surge. After a flat opening, the Nifty gradually drifted lower throughout the session and eventually settled at 25,517.05. On the sectoral front, the trend was mixed, keeping traders engaged—pharma and IT closed in the green, while realty and auto emerged as the top laggards. Interestingly, the broader indices defied the overall trend and posted gains of over half a percent each. Some profit-taking in the index is natural after a strong uptrend, but trading opportunities remain abundant on the stock-specific front. We continue to advocate a “buy-on-dips” approach, with a strong emphasis on selective stock picking. Our preference remains with the rate-sensitive sectors—namely banking, financials, auto, and realty—while we advise selective exposure to other sectors. Notably, the ongoing strength in the broader indices is creating additional opportunities, but participants should stay cautious and limit positions to the fundamentally-sound counters only."

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