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Informist, Monday, Jul. 6, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Indices may open flat, focus on Q1 earnings, monsoon progress

 

MUMBAI--0812 IST--Benchmark equity indices are likely to open flat on Monday with a positive bias, with investor's focus on the June quarter earnings and progress in Southwest Monsoon. The indices are expected to be rangebound in the coming sessions, however, strong buying interest may come in at lower levels. Volatility in the market subsided significantly, analysts had said, with India VIX closing at its lowest level since February on Friday.

 

On Monday, Nifty 50 is expected to open flat and going ahead, sustaining above the 24260 points could lead the Nifty 50 to go move to 24500–24600 in the near term, Vipin Kumaar, assistant vice president – Globe Capital Market, said. However, a fall below 24050 points would likely drag the index back towards the 23800 points, he added. The put-call ratio for the current week's expiry is at 1, which indicates a higher probability of a rangebound movement in intraday, Kumaar said.

 

The July contract of the GIFT Nifty indicates a largely muted open for Monday. At 0752 IST, the contract was at 24327 points, down 22.50 points from its previous close. On Friday, the Nifty 50 had ended at 24270.85 points, up 95.15 points or 0.4%. The BSE Sensex closed Tuesday's session at 77763.91 points, up 261.79 points or 0.3%. Foreign investors net bought shares worth INR 13.55 billion on Friday, turning buyers for the first time since Jun. 25. Meanwhile, domestic investors turned net sellers and offloaded Indian shares worth nearly INR 19.54 billion.
 

At present, the concerns around high input costs arising from higher crude oil prices have subsided with crude oil hovering around $70 a barrel. Shipping through the Strait of Hormuz continued to recover, easing concern about crude oil supply. However, progress in  peace negotitations between the US and Iran would be watched. Cut back to Indian market, analysts believe that the valuation of stocks also seems fair, as compared to other emerging markets. Some analysts see risks to downward revisions to earnings growth estimates, monsoon-related inflation concerns, and continued outflow of foreign investments to already priced in. (Gopika Balasubramanium)

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Equity Alert: Asian markets mixed as investors await US Fed meeting minutes

 

 

MUMBAI--0707 IST--Asian markets opened mixed Monday as investors await the minutes from the US Federal Reserve's June meeting which will be realeased later this week. Japan's Nikkei opened flat then fell a bit and was the worst performer among its peers. South Korea's Kospi rose 1.2% despite investors rotating out of chipmakers. 

 

China's CSI was down marginally while Hong Kong's Hang Seng opened up 1.3% and was the top performer. Hang Send futures fell to 23253 from 23350.03 Friday. Australia's S&P ASX 200 fell slightly in early trade then traded almost flat. 

 

Investors await the US Fed Reserve meeting minutes for clarity on whether interest rates will be raised in the world's largest economy. "Fed funds futures now imply 1.5 rate hikes over the next 12 months, a sharp reversal from the deep rate cut pricing that dominated the past three years. The minutes should indicate how much of that repricing the committee actually endorses," market veteran Ed Yardeni wrote in a note according to a CNBC report. Sentiment was better as 160 vessels reportedly passed through the Strait of Hormuz last week and this boosted global supply of crude oil. After weakening to a 40-year low, the Japanese Yen traded at 161.54 per U.S. dollar.

 

Following are the levels of key indices in the region at 0707 IST: 

 

Index	Level	hange in %
CSI 300 Index	4841.65	(-)0.01
Hang Seng Index	23350.03	1.28
Nikkei 225 Day	69518.01	(-)0.32
TOPIX FIRST SECTION	4085.09	0.50
KOSPI	8184.8	1.19
FTSE Singapore Strait Times	5251.23	0.13
S&P/ASX 200 Index	8851.1	0.08

 

End

 

US$1 = INR 95.21 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by Deesha Jadhav

Edited by Akul Nishant Akhoury

 

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