Charterly Digest
31 July 2026
🎯 Sentiment: Neutral
Indian markets showed resilience with Nifty and Sensex closing higher, driven by auto and financial stocks. However, IT sector weakness and persistent global geopolitical tensions around crude oil and mixed global cues create a balanced outlook.
📊 Market Scorecard
📈 Sector Performance
🚀 Top Gainers
📉 Top Losers
🗞️ Market Cues
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Indian Benchmarks Close Higher, Driven by Auto and Financial Stocks
The Nifty 50 and Sensex ended Friday's session with gains, primarily fueled by strong performance in the automobile and financial services sectors. This positive momentum was supported by robust Q1 results from companies like Bajaj Finance, Bajaj Finserv, and Mahindra & Mahindra. -
IT Sector Under Pressure Despite Global Tech Rebound
While global technology stocks saw a rebound, the Indian IT sector experienced profit booking and emerged as the biggest laggard, with the Nifty IT index falling as much as 3.72% intraday. Heavyweights like TCS and Infosys registered significant declines. -
Rupee Strengthens Against US Dollar
The Indian Rupee recorded a strong performance, rising 1.2% week-on-week against the US dollar, marking its strongest weekly gain since March.
🌍 Global Pulse
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US Markets Rebound on Strong Tech Earnings, Fed Holds Rates
US stock markets closed higher, with the S&P 500 gaining 0.67%, the Dow Jones Industrial Average rising 0.38%, and the Nasdaq advancing 1.32%. This rebound was largely driven by strong earnings from tech giants like Amazon, while the Federal Reserve held interest rates steady. -
Crude Oil Prices Volatile Amid Middle East Tensions
Crude oil prices remained volatile, influenced by escalating geopolitical tensions between the US and Iran. While Brent crude saw a slight decline of 0.59% to $88.69, Saudi Arabia's proposal for a naval coalition to protect key trade routes added to the complex supply-demand outlook.
🏢 Corporate Action
🏦 Institutional Flow
💡 Structural Watchlist
Long-term
UPSIDE: +25-30%
Basis of Pick: Exicom Tele-Systems is a small-cap player in the rapidly expanding Electric Vehicle (EV) charging infrastructure and power management solutions segment. India's EV market is projected for significant growth, driven by government incentives and increasing adoption, positioning Exicom for structural tailwinds.
With a focus on critical EV components and charging solutions, Exicom is well-placed to capitalize on the long-term shift towards electric mobility, offering a high-growth opportunity outside mainstream large-cap EV plays.
Mid-term
UPSIDE: +18-22%
Basis of Pick: Aarti Industries is a prominent mid-cap player in the specialty chemicals sector, which benefits from import substitution, diversified end-user industries, and a strong export potential. The company's recent performance, including appearing as a gainer, indicates positive momentum.
The specialty chemicals sector is undergoing a structural shift in India, driven by global supply chain diversification. Aarti Industries, with its robust product portfolio and R&D capabilities, is poised for sustained growth, making it an attractive mid-term bet.
*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
Indian markets are likely to react to the ongoing global geopolitical developments and crude oil price movements. Institutional flows (FII/DII) will also be closely watched for further cues, while sector-specific news and corporate earnings could drive individual stock performance.