📉 FIIs Activity
Foreign Institutional Investors sold over ₹4,600 crore worth of stocks in the cash market. In the F&O segment, they added fresh net index short positions. This suggests that yesterday’s market upmove was likely a result of oversold technical conditions, with the PCR also indicating short-term bullish exhaustion.
🌍 Global Market Pulse
Global sentiment remains broadly neutral. There is no sign of panic across major markets. The S&P 500 VIX is hovering at multi-month lows, reflecting low expected volatility even as we approach the August 1 tariff deadline.
Geopolitical concerns resurfaced after Trump expressed dissatisfaction with Putin over stalled peace talks in Ukraine and issued a 12-day deadline. This triggered a sharp upmove in both crude oil and gold.
🧾 Earnings Season & Rebalancing
The ongoing earnings season continues to underwhelm investor expectations. Attention is now shifting to the upcoming MSCI Emerging Markets Index rebalancing announcement on August 7, which could significantly impact flows.
✅ Our Stance
Remain cautious. Stick to selective opportunities and ensure tight stop-losses. Volatility could rise in the coming sessions due to global cues and index rebalancing factors.
