Dear Trader…

Indian equities recouped early losses to end flat on Tuesday, with the Nifty future closing at 25,245, up 19 points or 0.08%. In a largely range-bound session, PSU bank stocks stood out, with the Nifty PSU Bank index rising 1.8% on reports that the government may consider a fresh round of financial sector reforms.

On the flip side, Nifty Metals declined 0.5%, tracking strength in the US dollar amid elevated US inflation readings. Pharma stocks were supported by positive industry data. The India Pharma Market grew 11.5% YoY in June, led by strong performance in acute therapies.

Acute therapy growth rebounded to 11% in June (vs. 5% in May), aided by seasonal trends and a revival in anti-infectives. Over the past 6–9 months, rural demand has seen a notable revival, outpacing urban consumption.

This recovery follows nearly two years of softness due to high inflation, weak savings, and sluggish tractor sales. With easing inflation, policy support, and favorable weather, rural markets appear well-positioned for a steady and inclusive rebound.

Nifty futures opened at 25230 points against the previous close of 25265 and opened at a low of 25162 points. Nifty Future closed with an average movement of 127 points and a decline of around 19 points and 25245 points…!!

On the NSE, the midcap 100 index will rise 0.01% and smallcap 100 index is closing rise 0.03%. Speaking of various sectoral indices only Metal, Healthcare, Pharma and Financial Services stocks were seen selling on the NSE, while all other sectoral indices closed higher.

At the start of intra-day trading, August gold opened at Rs.97222, fell from a high of Rs.97515 points to a low of Rs.97205 with a rise of 262 points, a trend of around Rs.97473 and September Silver opened at Rs.1,11,574, fell from a high of Rs.1,12,295 points to a low of Rs.1,11,350 with a rise of 570 points, a trend of around Rs.1,12,056.

Meanwhile, Key global macro releases due on Thursday includes EUR CPI, UK unemployment, and US retail sales and jobless claims. Q1 results due tomorrow include Axis Bank, Wipro, Jio Financial, LTI Mindtree, HDFC AMC, Indian Hotels, among others.

We expect markets to consolidate with a positive bias, supported improving rural and healthcare trends, and any progress on India–US trade negotiations. Stock-specific action will likely continue as the earnings season gathers pace.

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