“A combination of policy reforms (GST 2.0), sovereign rating upgrade, potential tariff relief, RBI and government stimulus, monsoon-led consumption revival and festive demand could trigger a strong recovery in the corporate earnings in 2HFY26. Thus, we maintain a positive view on Indian equities over the next 6-9 months,” said Siddhartha Khemka – Head Of Research, Wealth Management, Motilal Oswal.
STATE OF THE MARKETS
- Tech View: A further leg of the upmove will depend on Nifty’s ability to cross its 50-DMA, which coincides with the 25,000 mark. The overall structure remains positive, with potential upside towards 25,300–25,500 in the August series. Momentum indicators and oscillators have turned supportive, indicating scope for follow-up buying in the coming sessions.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 0.1% to settle at 12.34 levels.
Stocks in F&O ban today
RBL Bank
PGEL
Titagarh
Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.
FII/DII action
Foreign portfolio investors net sold shares worth Rs 551 crore on Monday. DIIs, meanwhile, were net buyers at Rs 4,104 crore.
Rupee
The rupee appreciated 20 paise to close at 87.39 against the US dollar on Monday, supported by strong domestic equities.
FII data
The position of FIIs in the futures market reduced from a net short of Rs 1.82 lakh crore on Thursday to Rs 1.71 lakh crore on Monday.