India Equity Outlook

Quick Recap

• An ETMarkets piece covered Dharmesh Shah's view that Nifty could target 24,500-24,800 in July with support near 23,800 amid cooling...

Nifty targets 24,500-24,800 by July as crude slips below $71 and FII outflows ease, creating a constructive setup.

Key levels to watch:

• Support:...

Market Rebound

• Nifty and Sensex Close Higher: Nifty ended at 24,000 and Sensex rose 444 points, snapping a two-day losing streak with support...

Indian equities extended gains on July 2 as the Nifty IT index surged 4.39% off a five-year low, while Brent crude fell to a four-month low near...

Nifty snapped a two-day losing streak, rising 140 points to 24,005.85 on July 1 as domestic buying countered FII outflows.

• Sector rotation evident:...

Market Close Highlights

• 🔥 Nifty Reclaims 24,000: Nifty closed at 24,021.65 after gaining 197.55 points, with Sensex rising 790.54 points to...

• Drivers: Crude oil dropped to $76.29, curbing macro headwinds and supporting rebound.
• Sectors: IT and realty surged over 2%, banks gained 1.8%.
  -...

FII Flows and Market Momentum

• 🔥 FII Net Buying Resumes: FIIs turned net buyers after 11 sessions as West Asia tensions eased, boosting Indian...

• FII turnaround key: After 11 sessions of selling, FIIs turned net buyers as West Asia tensions eased and crude fell sharply, a potential positive...

US-Iran Deal Eases Market Pressures

• 🔥 Peace Agreement Signed: A virtual US-Iran memorandum signed June 15 establishes a 60-day ceasefire, lifts...

A potential resolution of the Iran conflict stands out as the biggest near-term positive for Indian equities, with expectations of sharply lower crude...

• Global cues from US and Asian markets shape Gift Nifty direction ahead of the open
• Nifty support and resistance levels outlined for today's...

With one major macro concern easing, Nilesh Shah flags sectors poised for focus in Indian markets.

• Midcaps: Earnings growth as the primary filter...

The US-Iran memorandum is reopening the Strait of Hormuz and sending oil prices to three-month lows, unwinding a major 2026 supply-side inflation...

India's multi-year valuation lows combined with a weak rupee are creating favorable conditions for gradual FII inflows, even as global AI concerns mount.

Indian markets look set for a firm open, with Nifty extending its recent gains above 23,950 as Brent crude eases on potential Iran supply relief and global cues turn supportive ahead of the Fed decision.

Foreign investors bought ₹200 crore of Indian equities, ending an 11-day selloff and joining DIIs to fuel the market rally.

Global Market Signals

• 🔥 Oppenheimer Reiterates Bullish S&P 500 View: Oppenheimer doubled down on its 8,100 S&P 500 year-end target, citing...

Today's pre-market report kicks off with analysis of how Nifty and Bank Nifty are positioning ahead of the open, offering a tactical check on momentum inside the ongoing range.

Oppenheimer has reiterated its highest-on-Wall-Street S&P 500 target of 8,100 for 2026, built on $305 EPS and a 26.5x multiple that does not require...