Daily Market Commentary : Indian stocks rise slightly in choppy trade amid India-US deal watch by Mr. Siddhartha Khemka, Head - Research, Wealth Management, MOFSL

Below the Quote on Daily market commentary by Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd
Indian equities ended with modest gains in a volatile session, as investors continue to track progress in the India-US trade deal ahead of the approaching tariff deadline. Nifty50 gained 56 points to close at 25,461 (+0.2%). The broader market underperformed with Nifty Midcap100 and Smallcap100 indices ending on a flat note. Banking and financial services stocks were in focus amidst mixed Q1FY26 business updates from companies within the sector. Defence stocks saw a significant surge after the Defence Acquisition Council (DAC) approved capital-acquisition proposals worth over Rs1 lakh crore, pushing the Nifty India Defence index up by 1.0%. Export oriented sectors including IT, Pharma and Healthcare witnessed buying interest with the respective sectoral indices gaining between 0.5-0.8% each, amid optimism over trade agreement with the US. On the other hand, capital market stocks were under pressure following SEBI’s market-wide ban on global trading firm Jane Street. Meanwhile, Jun’25 rainfall surged to 109% of long-period average, the highest in four years. The early onset and strong progress of the 2025 southwest monsoon has provided a timely boost to the agricultural sector, which is likely to drive rural demand, agri-input consumption, and broader economic recovery in the coming quarters. Overall, we expect the market to remain in consolidation mode, awaiting clarity on the India-US trade deal; while stock specific action would continue on the back of Q1FY26 business updates ahead of the earnings season starting next week.
Above views are of the author and not of the website kindly read disclaimer









