Nifty rebounded to close at 24,723 on Monday supported by ongoing Q1FY26 earnings and ahead of the RBI Monetary Policy Committee (MPC) meeting scheduled for August 4–6. Investors now await key global macro data – including US Services and Manufacturing PMI due today – along with key earnings from Bharti Airtel, Adani Ports, Prestige Estates, Bharti Hexacom, and Lupin, which are likely to drive stock-specific action ahead of the RBI’s policy outcome.
STATE OF THE MARKETS
- Tech View: On the daily chart, a bullish Harami pattern has formed, signaling waning bearishness that could lead to a recovery in the short term. On the higher end, it might move towards 24850/25000. Support on the lower end, is placed at 24650/24500.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 0.063% to settle at 11.97 levels.
Stocks in F&O ban today
PNB Housing
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 2,566 crore on Monday. DIIs, meanwhile, were net buyers at Rs 4,386 crore.
Rupee
The rupee depreciated 48 paise to close at 87.66 against the US dollar on Monday, as sustained foreign fund outflows and trade tariff uncertainties dented investors’ sentiment.FII data
The position of FIIs in the futures market reduced from a net short of Rs 1.58 lakh crore on Friday to Rs 1.56 lakh crore on Monday.
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