📉 FIIs Activity
Foreign investors offloaded ₹2,000+ Cr in cash and, post Nifty’s monthly expiry, built record-high net index short positions in F&O. This combination reflects a clear lack of optimism in the near-term outlook for Indian equities.
🌍 Global Sentiment
Global cues remain slightly negative, but importantly, there is no broad-based panic. Investors are cautious, awaiting clarity on macro triggers, but risk-off moves are limited compared to previous sell-offs.
🛢️ Geopolitics & Crude
Trump announced a peace plan between Israel and Hamas. If successfully implemented, it could be a turning point for Middle East stability and may push crude oil prices further down, providing relief to India’s import bill and inflation trajectory.
🚗 Domestic Triggers Ahead
Markets are now keenly waiting for auto sales data and Q2 corporate results, alongside management commentary on GST 2.0 framework. These upcoming triggers will set the direction for the next leg of market movement. Till then, indices may remain range-bound.
⚖️ Our View
We maintain a cautious stance. Avoid trading without a strict stop-loss (SL) as volatility can spike unexpectedly. Risk management remains key until fresh triggers provide directional clarity.
