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

Markets witnessed a correction on the weekly expiry day, ending with a loss of over half a percent. The Nifty index opened on a weak note and extended its decline as selling pressure intensified through the session, eventually closing at 25,877.85. Sectorally, most indices followed the benchmark trend and settled lower, with financials, banking, and pharma emerging as the top losers. The broader market, however, remained relatively resilient, as both midcap and smallcap indices ended largely unchanged.

Sentiment weakened after the U.S. Federal Reserve signaled that its latest rate cut could be the final move for 2025, dampening global risk appetite. Additionally, persistent caution around U.S.–China trade negotiations further weighed on sentiment.

Going ahead, indications point toward continued consolidation, with support seen in the 25,600–25,800 zone for the Nifty, while a decisive rebound above 26,100 could reignite momentum. Amid this phase, participants should focus on stock-specific opportunities in sectors and themes demonstrating relative strength and use the ongoing correction to accumulate quality names on dips.

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