Market Lens

Average daily cash market turnover across the NSE and BSE fell 7 per cent in June, while derivatives activity edged up on higher volumes during the month's final expiry sessions

July has also been traditionally good for foreign inflows, which aided market performance. According to data compiled from the NSDL, FPIs have been net buyers of Indian stocks in 9 out of 12 years.

While analysts expect near-term headwinds due to commodity prices and El Niño, they believe markets will shift their focus from global developments to analysing domestic financial results more closely

Among sectors, the Nifty IT index, the worst performer among sectoral indices, tanked 27.8 per cent in H1CY26 as rising concerns around artificial intelligence (AI)-led disruption spooked investors.

While hyperscaler cloud providers face margin pressures, Wood views memory producers as the most leveraged way to play the relentless AI investment cycle.

According to a recent India Meteorological Department (IMD) release, India recorded 45.6 mm of rainfall by June 20 against the seasonal normal of 84.4 mm, resulting in a 46 per cent shortfall.

Small- and mid-cap fund SIP returns have rebounded sharply, raising hopes of renewed retail investor interest after a moderation in key MF growth indicators

IT companies on an average returned 85% of profits to shareholders via dividends or buybacks, with less than 15% reinvested in capacities and capabilities; the case is almost inverse for pharma firms.

While AI as a concept is here to stay, said U R Bhat, co-founder & director, Alphaniti Fintech, it is the valuation of the related companies that's worrisome.

Retail investors, said G Chokkalingam, founder and head of research at Equinomics Research, must look at company's valuation relative to listed peers, outlook for the sector before investing.

In the month of the Covid year, the share had fallen to less than 1 basis point

Large domestic mutual funds, insurance companies, pension funds and foreign institutional investors are expected to participate in the Jio offering.

Gold vs Equities: Dhupesh Dhameja of SAMCO Securities decodes the historical trend between Nifty vs Gold spot prices, and Gold ratios to predict the likely leader in the next market cycle.

Wide variance in gilt, dynamic funds' duration positioning in recent past

FPIs sold financial, oil & gas and auto stocks heavily in early June amid crude-price volatility, AI concerns and monsoon-related demand worries

Mutual funds boosted exposure to ICICI Bank, HDFC Bank and Reliance in May, investing over ₹24,000 crore as market volatility created buying opportunities

In event of an end to the West Asia war, equities seem to be favourably placed and macros should improve, says PhillipCapital in its India Strategy report.

Shareholding data shows that FIIs reduced equity holdings in 11 stocks from Nifty 500 in every single quarter after March 2024. List includes PNB Housing Finance, Eternal and Cyient among others.

As NSE moves closer to its long-awaited IPO, investors are weighing its valuation and growth prospects against listed rival BSE

Among sectors, Bernstein expects oil marketing companies (OMCs) will likely stand to benefit from reduced crude oil prices that dropped around 4 per cent on Monday to $83 a barrel (bbl)