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Published on 30-07-2026 06:02 pm

Global Market Update

• European Market – European stocks were muted as investors parsed a mixed bag of corporate earnings, with Adidas AG sinking after disappointing profit while Schneider Electric SE rose on better outlook.

• Asian Market – Asian stocks fell amid an extremely volatile session on Thursday as investors parsed a mixed set of Big Tech results, monetary policy signals and geopolitical tensions.

• US Data – Personal Income and Personal Spending.

• Commodity – Brent crude prices gain 1% to above $91/bbl after the U.S. launched a "heavy wave" of strikes against Iran late Wednesday in retaliation against its missile attacks on American forces in the region, dashing hopes for de-escalation.

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Published on 30-07-2026 05:59 pm

Derivative Outlook:

• Nifty future closed positive with gains of 0.18% at 24355 levels. Positive setup seen in Sonacoms, Exide, TVS Motors, Hero Moto, Swiggy, Alkem, Coforge, Havells, M&M and Nykaa while weakness seen in Premier Energies, Tube Investments, GMR Airport, Glenmark, LIC Housing, PNB Housing, Inox Wind, Dabur, HDFC Life and Polycab.

• On option front, Maximum Call OI is at 24600 then 24500 strike while Maximum Put OI is at 24200 then 24000 strike. Call writing is seen at 24600 then 24300 strike while Put writing is seen at 24300 then 24200 strike. Option data suggests a broader trading range in between 23900 to 24700 zones while an immediate range between 24100 to 24600 levels.

• India, Germany to sign submarine deal 'very soon' worth Rs90000cr – German Ambassador Ackermann - India and Germany are expected to sign a deal for next-generation submarines "very soon", German Ambassador to India Philipp Ackermann said on Thursday. India and Germany are reportedly finalising an estimated 8 billion euros (over Rs 90,000 crore) Project-75I submarine agreement for six next-generation conventional submarines to be built in India for the country's navy. Germany's ThyssenKrupp Marine Systems (TKMS) and India's state-owned Mazagon Dock Shipbuilders are expected to ink the agreement.

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Published on 30-07-2026 05:58 pm

Technical Outlook:

• Nifty index opened on a flattish note and remained within a range throughout the session with a bullish undertone as the index hovered near 24250 marks and closed near its upper band near 24300 zones. It formed a bullish candle on the daily frame and has been making higher highs – higher lows from the last four sessions. Now it has to hold above 24300 zones for an up move towards 24500 then 24600 zones while support can be seen at 24200 then 24100 zones.

• S&P BSE Sensex index opened on a flattish note and traded sideways with a positive bias till midday. Post that the index witnessed some volatile swings on either sides followed by a strong up move towards the day's high of 77900 zones by the end of the session. It formed a bullish candle on the daily chart and continues to form higher top - higher bottom structure from the last five sessions. Now it has to hold above 77700 zones for an up move towards 78200 then 78500 levels while on the downside support has shifted higher to 77500 then 77200 zones.

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Published on 30-07-2026 05:58 pm

Equity benchmark indices ended marginally higher after a range-bound trading session, as investors remained cautious amid escalating geopolitical tensions between the US and Iran and a sharp rise in Brent crude oil prices above USD 91 per barrel. Market sentiment also remained subdued after the US Federal Reserve kept interest rates unchanged while maintaining a hawkish stance, with several policymakers signalling the possibility of another rate hike later this year.

• Global markets traded on a mixed note as investors assessed a combination of Big Tech earnings, monetary policy signals, and ongoing geopolitical developments. Back home, the auto sector emerged as the top performer, gaining nearly 2%, led by Mahindra & Mahindra following its strong Q1 earnings. In contrast, realty, FMCG, and banking stocks witnessed profit booking.

• The broader market remained under pressure, with the Nifty 500 advance-decline ratio at 1:2, indicating selling in mid-cap and small-cap stocks. Despite the cautious sentiment, the Nifty ended 66 points, or 0.2%, higher at 24,317.

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Published on 30-07-2026 05:56 pm

BANK NIFTY SPOT:

57105 (-0.17%)

TRADING ZONE:

Resistance: 57500 (Pivot Level) and 58000 (Key Resistance)

Support: 56500 (Pivot Level) and 56000 (Key Support).

STRATEGY: Bullish till above 56000 (Key Support).

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