Index Update: The Nifty 50 rose 0.92% to close at 24,946.50, holding above its 50-day SMA of 24,313.53 and maintaining bullish momentum. RSI at 55.70 signals a strengthening trend without overbought pressure. The index remains above key support at 24,600, sustaining its breakout. A close above 25,200 could trigger further upside, while dips toward support may attract buying. The near-term outlook stays positive with potential for continued upward movement.

Macro Update: The dollar firmed as Israel-Iran tensions spurred safe-haven demand, while Brent rose 0.50% to $74.59 amid supply concerns. India’s WPI inflation cooled to 0.39% in May—its lowest since March 2024—driven by plunging vegetable prices and easing manufacturing costs. The moderation signals softening input pressures, possibly allowing policy flexibility ahead of central bank reviews.

Top Market Movers: On Monday, Bharat Electronics Ltd (NSE: BEL) led the gainers with a 2.45% increase, closing at INR 403.85 followed by SBI Life Insurance Company Ltd (NSE: SBILIFE) up 2.43% at INR 1,797.80, and UltraTech Cement Ltd (NSE: ULTRACEMCO) which rose 2.41% to INR 11,495.00. On the downside, Tata Motors Ltd (NSE: TATAMOTORS) saw the largest drop, falling 3.57% to INR 686.65 followed Dr Reddy's Laboratories Ltd (NSE: DRREDDY) down 1.15% to INR 1,346.80 and Adani Ports and Special Economic Zone Ld (NSE: ADANIPORTS), which dropped 0.31% to INR 1,400.60.

Commodity Update: The dollar strengthened on Monday as escalating Israel-Iran tensions fueled safe-haven demand, with investors cautious ahead of key central bank meetings. Fears of a wider conflict and potential disruption at the Strait of Hormuz—vital for global oil transit—heightened market risk. Gold rose 0.14% to $3,458.00, silver edged up 0.10% to $36.39, and copper gained 0.10%. Brent crude climbed 0.50% to $74.59, extending gains amid rising supply concerns in the Middle East.

Our Stance: Bullish momentum in equities persists, with Nifty holding above key technical levels and showing strength without signs of overheating. Macro signals remain supportive—easing wholesale inflation in India reduces cost-side pressures, while geopolitical tensions may keep commodities elevated. Defensive and infrastructure-linked names are favored near-term, while dips in quality stocks offer accumulation opportunities ahead of potential policy cues.

Disclaimer:

The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.

Copyright 2025 Krish Capital Pty. Ltd. All rights reserved. No part of this website, or its content, may be reproduced in any form without our prior consent.