The Indian rupee traded within a stable range against the U.S. dollar as improved market sentiment and softer crude oil prices supported the domestic currency. Stable foreign exchange reserves and continued participation from domestic investors also helped reduce volatility.
NIFTY OUTLOOK: 24270.85 FII 1355.33 cr DII -1953.89 cr
(6th JUL – 10th JUL 2026)
As we discussed in the previous report dated 22nd June 26 market behaviour remained on the expected lines during the week passed by as sellers test the level of 23829.20 but failed to drift it down further as counter attack of buyers take the rally upto our level of 24390 i.e. made a weekly high of 24378.15.
Alert from 1st July, bank guarantees used by capital market firms must be fully collateral-backed, with at least 50% in cash. This will reduce leverage for brokers and prop firms, raise funding costs and make arbitrage and market-making less profitable.
Intense Technologies Founder & MD C.K. Shastri retired due to age and to focus on health and personal wellness and appointed Chairman Emeritus to provide strategic mentorship.
Indian equity markets continued their upward momentum with the Sensex and Nifty ending higher, supported by easing geopolitical concerns, improving global cues and buying in banking and IT stocks.
Gold prices remained resilient as investors continued allocating funds toward safe-haven assets despite improving equity markets. Silver traded in a narrower range as industrial demand expectations balanced cautious investor sentiment.
Global energy markets remain focused on developments in the Middle East, as geopolitical tensions continue influencing crude oil prices and shipping routes.
The market capitalisation of Reliance Industries has risen to a level that now matches the combined value of India’s five largest listed IT companies.
ICICI Bank remained in focus after its shares outperformed the broader market during the latest trading session. Investors continue favouring large private sector banks supported by stable asset quality, healthy credit growth and strong profitability.
Deccan Gold Mines has remained in the spotlight after reporting encouraging mineral discoveries, including nickel, copper and palladium. The announcement sparked renewed investor interest and led to a sharp rally in the company’s shares.
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