Charterly Digest
28 July 2026
🎯 Sentiment: Neutral
Indian benchmark indices closed marginally lower, with gains in IT stocks offsetting weakness in FMCG and PSU sectors. While FIIs and DIIs were net buyers, global cues remain cautious ahead of the US Federal Reserve's policy decision.
📊 Market Scorecard
🚀 Top Gainers
📉 Top Losers
🗞️ Market Cues
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IT Sector Leads Nifty Gains on Strong Earnings, FMCG Under Pressure
Indian benchmark indices closed marginally lower as strong gains in IT stocks, driven by encouraging June-quarter earnings, were offset by significant weakness in FMCG shares, particularly Hindustan Unilever, following its quarterly results. -
Global Cues Cautious Ahead of US Fed Policy Decision
Markets remained cautious due to weakness across Asian markets and anticipation of the US Federal Reserve's policy decision later this week, which is expected to provide fresh cues on technology spending and AI-related investments.
🏢 Corporate Action
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Wipro Limited
Interim Dividend – ₹2 Per Share. Ex-Date: 27-Jul-2026. -
UltraTech Cement Limited
Dividend – ₹240 Per Share. Ex-Date: 30-Jul-2026.
🏦 Institutional Flow
💡 Structural Watchlist
Long-term
UPSIDE: +25-30%
Basis of Pick: India's Electronics Manufacturing Services (EMS) sector is a structural growth story, driven by government initiatives like the PLI scheme and a focus on self-reliance in electronics manufacturing. Kaynes Technology is a leading integrated EMS player with strong financials, high revenue and profit growth, and diversified presence across high-growth sectors like automotive, industrial, aerospace, and defense.
Positioned to capitalize on the increasing localization and value-added manufacturing in the Indian electronics ecosystem, offering a robust long-term growth trajectory.
Mid-term
UPSIDE: +18-22%
Basis of Pick: As India's largest solar PV module manufacturer, Waaree Energies is strategically entering the green hydrogen space by manufacturing electrolysers. This aligns with India's National Green Hydrogen Mission and the global push for clean energy, providing a significant growth avenue in the renewable energy transition.
A strong play on India's green energy transition, with a dual advantage in solar manufacturing and the nascent but high-potential green hydrogen ecosystem.
*Disclaimer: The structural watchlist suggestions are based on market data and quantitative/technical setups. These are for educational purposes and should not be considered as professional investment advice. Consult a SEBI registered advisor before making financial decisions.
🪙 Alternative Assets
🔮 Ahead of Tomorrow
Investors will closely monitor global cues, particularly the outcome of the US Federal Reserve's policy decision, and continue to react to ongoing June-quarter earnings reports. The performance of IT stocks versus FMCG and PSU sectors will remain a key focus.