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

"Markets made a muted start to the week and ended marginally lower, taking a breather after the recent surge. After a flat opening, the Nifty oscillated within a narrow range throughout the session and settled near the day’s low at 24,945.45. A mixed trend across sectors kept traders engaged, with realty, pharma, and auto indices edging higher, while IT declined by over a percent. The broader market also witnessed a mixed performance, as the small-cap index gained over half a percent, while the mid-cap index ended flat.

We believe this intermediate pause in the index, without any significant damage to the overall structure, is a healthy sign. During such phases, traders should adopt a stock-specific approach. Among the key sectors, banking now merits more attention following its recent consolidation phase, as it could lead the next leg of the rally and help the Nifty move towards the 25,200 mark and beyond. Meanwhile, other sectors are expected to contribute on a rotational basis. Apart from corporate earnings, global cues and the trend in foreign fund flows will remain key factors to watch."

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