FIIs Activity
Foreign Institutional Investors (FIIs) have sold over ₹5,500 crore worth of stocks in the cash market. Post expiry, they are now net sellers in both index futures and call options — signaling a cautious to bearish stance for August.
Global Sentiment & Fed Outlook
Global equity markets remain steady with no signs of panic as of August 1. It appears the impact of the Trump Tariff warning has been largely absorbed.
The US Federal Reserve has maintained its policy stance and is in wait-and-watch mode. As of now, there seems to be very limited probability of a rate cut before December 2025.
Earnings Season Wrap-up
We are nearing the end of Q1 FY26 earnings season, particularly for heavyweight stocks. Broadly, results have been mixed and not strong enough to support a market breakout.
However, a few sectors have stood out despite the volatility — especially liquor, agrochemicals, and power transmission.
Market Outlook
Given the earnings landscape and FII positioning, we believe the market is likely to consolidate between 23,750 and 25,250 levels over the next 1–2 months.
Strategy Ahead
Stay selective and focus on strong-performing sectors and stocks. Avoid broad-based trades and stick to tight stop losses in this uncertain environment.