Quote on Market Wrap Up 05 June 2025 by Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd
Below the Quote on Market Wrap Up 05 June 2025 by Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd
"Markets witnessed volatility on the weekly expiry day but managed to close in the green. A lack of strong cues from global markets led to a flat start for the Nifty, followed by a swift recovery in the first half. However, profit-taking in the latter half significantly trimmed the gains, and the index finally settled at the 24,750.90 level.
Meanwhile, there was no dearth of stock-specific trading opportunities, thanks to the mixed sectoral trend. On one hand, realty and pharma posted decent gains, while auto and banking ended on a subdued note. The broader indices continued to outperform, gaining in the range of 0.6% to 0.9%.
With all eyes now on the outcome of the upcoming MPC meeting, the continued outperformance of rate-sensitive sectors such as banking, realty, and auto appears to be factoring in a 25 bps rate cut. However, the RBI’s commentary will be crucial, given the mixed global cues amid a favorable domestic environment.
On the index front, the Nifty has reclaimed its short-term moving average (20-DEMA), and its ability to sustain above this level will be critical for any further rebound. Otherwise, profit-taking may resume. We continue to recommend a focus on theme-specific opportunities while maintaining prudent position sizing due to the mixed market signals."
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