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Below the Quote on Market Wrap Up 04 June 2025 by Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd

"Markets traded range-bound but managed to close marginally in the green, taking a breather after Tuesday’s decline. Following an initial uptick, the Nifty oscillated within a narrow range and eventually settled at 24,612. A mixed trend across sectors kept traders engaged, with metals and energy ending higher, while realty and financials closed in the red. The highlight of the session was the strength in the broader market, as both midcap and smallcap indices posted gains in the range of 0.7% to 0.8%.

This pause in the index can largely be attributed to the stability in banking stocks and a noticeable cool-off in the India VIX. However, participants are advised not to read too much into this move and should maintain a cautious stance ahead of the weekly expiry on Thursday. Additionally, focus should remain on a stock-specific trading approach, given the rotational buying observed across various themes."

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