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• The equity benchmark indices saw strong gains for the second consecutive session, with the Sensex rising over 450 points and the Nifty reclaiming the 25,000 mark. This upward momentum was driven by a global market rally following US President Donald Trump's decision to delay imposing 50% tariffs on the European Union until July 9, which eased near-term trade war concerns. Additional positive factors included the early arrival of the monsoon, the Reserve Bank of India's announcement of a record Rs 2.69 lakh crore dividend to the government for FY25, and strong quarterly corporate earnings.

• Furthermore, the Indian rupee strengthened to its highest level in nearly two weeks, dropping below the 85 mark against the dollar, while foreign institutional investors (FIIs) were net buyers of around Rs 2,000 crore on Friday, boosting market sentiment. The Sensex advanced by 455 points, or 0.60%, to close at 82,176, while the Nifty rose 148 points, or 0.60%, to finish at 25,001.

• Globally, Asian markets showed mixed results, but European and US index futures gained about 1% following the US tariff postponement and the softened threat of new duties on iPhones and other smartphones imported from abroad. On the sectoral front, Nifty metal, IT, realty, defense, auto, and FMCG indices rose by up to 1%. Shares of BEML surged 17% after the company posted strong quarterly results. FMCG stocks such as Patanjali, Nestle, ITC, Hindustan Unilever, Marico, and Colgate gained between 1-2%, buoyed by expectations of an above-normal monsoon improving rural demand.

Technical Outlook:

• Nifty Index opened positive and saw a strong surge by the bulls above the 25k marks but witnessed consolidative move thereafter. It moved in the range of the second hour’s tick for the rest of the session and good part is that it managed to hold well above the opening low.

• It formed a bullish candle on daily frame and has now started to form higher highs - higher lows from the last two sessions. It managed to close just above 25k with gains of around 150 points. Now it has to hold above 24900 zones for an up move towards 25100 then 25300 zones while supports are shifting higher to 24850 then 24750 zones.

Derivative Outlook:

• Nifty future closed positive with gains of 0.62% at 25035 levels. Positive setup seen in HUDCO, Divis Lab, Solar Industries, PAYTM, Godrej Properties, Concor, Adani Green, Astral, Kalyan Jewellers, IRFC, Supreme Industries and Bajaj Auto while weakness in Balkrishna Industries, Eternal, Dalmia Bharat, ABFRL, Glenmark, Ramco Cements, RBL Bank, PEL, Indigo, Bsoft and United Spirits.

• On option front, Maximum Call OI is at 26000 then 25000 strike while Maximum Put OI is at 24000 then 24500 strike. Call writing is seen at 25000 then 25100 strike while Put writing is seen at 25000 then 24500 strike. Option data suggests a broader trading range in between 24500 to 25500 zones while an immediate range between 24800 to 25200 levels.

• Tata Motors demerger to give shareholders long-term returns - The proposed demerger of Tata Motors into two separate listed companies is expected to create strategic clarity and support long-term shareholder value, Tata Sons' chairman N Chandrasekaran said on Saturday.

• SC orders status quo on Bhushan Power liquidation, allows JSW Steel to file review - The Supreme Court on Monday ordered a status quo on the liquidation proceedings of Bhushan Power and Steel Ltd (BPSL), granting relief to JSW Steel Ltd and allowing the company to file a review petition against the court’s 2 May verdict that quashed its ?19,300 crore resolution plan.

• Titan set to add Rs 2,500 crore Damas facet to portfolio - Company is in advanced talks to pick up a 72% stake in Damas International, a prominent Gulf jewellery retailer, for an estimated Rs2,500 cror. Damas International, a wholly owned subsidiary of Dubai-based Mannai Corp, is a well-known jewellery retailer in the Gulf Cooperation Council (GCC) region.

• Spice Jet - Delhi High Court has rejected an appeal by KAL Airways and Kalanithi Maran seeking damages of over Rs 1,300 crore.

• Lupin Ltd - Company is in license pact with SteinCares for commercialisation of Ranibizumab in Latin America. SteinCares to handle regulatory filings, commercialise Ranibizumab.

• LT Foods - Company is in joint venture with Kameda to expand portfolio & further strengthen roasted gluten-free snacks segment.

• Indian Railways' first 9,000 HP electric locomotive engine inaugurated by PM Modi - Siemens Limited is a key beneficiary of the Dahod Locomotive Manufacturing Workshop inaugurated by Prime Minister Narendra Modi Siemens has secured a significant contract from Indian Railways to manufacture 1,200 electric locomotives of 9,000 horsepower (HP) at the Dahod facility in Gujarat. This contract, valued at approximately ?26,000 crore, is the largest locomotive order in Siemens' history in India. The project includes the design, manufacture, commissioning, and testing of these locomotives over an 11-year period, along with 35 years of full-service maintenance.

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