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Retail leasing is witnessing a change in various malls in the country. In this sector, the dominance of the apparel segment is now decreasing, while the share of food and beverages is increasing. Despite the decline in the share of apparel, its share is still the highest. Along with beauty and wellness, the share of jewelry and sports is also increasing. Anarock Research said in its report that in the first half of 2025, out of the retail demand of more than 2 million square feet in the top 7 cities, about 33 percent was leased by apparel brands, 21 percent by F&B brands, 16 percent by entertainment sectors and 11 percent by home and lifestyle brands, Anarock Research said in its report. The apparel segment accounted for 42% of retail leasing in FY2019, which has declined to 37% in FY2025. However, despite this decline, the apparel segment continues to dominate as its share is still the largest.

The share of the apparel segment is likely to decline further. It could fall to 32% by FY2030. The reason for the decline in leasing share of apparel brands is hypermarkets and these brands are facing tough competition from e-commerce. Their difficulties have increased due to the increasing trend of fast commerce. Sports and jewellery sectors have become increasingly popular in malls in the last few years. The share of jewellery sector was only 2% in FY19, which increased to 5% in FY25 and is expected to increase to 13% in FY30.

The number of retail investors in the National Stock Exchange (NSE) is increasing significantly due to the anticipation of the much-awaited initial public offering (IPO). The exchange’s public shareholder base has increased to 1.57 lakh as of June 2025, a four-fold increase since the end of March. Retail investors are at the forefront of this race. A person with a share capital of up to Rs 2 lakh is considered a retail investor. Their number was about 34,000 in March, which has increased to 1.46 lakh by June. In this way, their collective share in the country’s largest exchange increased from 9.89 per cent to 11.81 per cent.

The surge is due to a significant operational change: On March 24, the NSE’s International Securities Identification Number – a global code – streamlined the share transfer process, reducing transaction times from months to just a few days. Market participants confirmed that shares can now be transferred freely. There is good volume of trading both buyers – sellers. Due to the increase in demand, the price of unlisted shares on the NSE has increased to Rs 2,225 per share, valuing the exchange at around Rs 5.5 lakh crore. This is much higher than at the beginning of the current financial year.

Economists said that this growth reflects the growing confidence of retail in the exchange, which is an opportunity for them to create wealth. We are seeing some long-term wealthy investors (HNIs) reducing their stakes. Retail ownership has increased. But the share of individual public shareholders with share capital of more than Rs. 2 lakh has slightly decreased to 9.52 percent (9.64 percent).

The HSBC Flash India Composite PMI Output Index, which was 58.40 in June, has risen to 60.70 in July. The composite Purchasing Managers’ Index (PMI) has increased as a result of an increase in overall sales, strength in export orders and a high level of production. The HSBC preliminary composite index of manufacturing and services shows that the country’s overall business activity has increased in the current month as a result of strength in the manufacturing sector. The survey report prepared said that the performance of the manufacturing sector has been stronger than the services sector in all three metrics.

On the other hand, inflationary pressures are continuing to rise and raw material costs and production rates have increased in July. Business confidence has also reached its lowest level since March 2023, while employment growth has softened to a fifteen-month low. The initial PMI for the manufacturing sector, which was 58.40 in June, rose to 59.20 in July, which is a 75-year high. On the other hand, the PMI for the services sector, which was 60.40 in June, fell to 59.80 in July.

Dear Trader…

Sensex closed at 80,891.02, down 572.07 points or 0.70 per cent. The 30-share index began the session in the negative territory at 81,299.97 against the last day’s closing of 81,463.09. The index dragged down further to touch an intraday low at 80,776.44 amid selling in heavyweights, especially in the IT sector.

Kotak Bank, Bajaj Finance, Bharati Airtel, Titan, TCS, HCL Tech, SBI, Tata Steel, Eternal, Axis Bank, and Mahindra and Mahindra were top losers among the Sensex basket. Hindustan Unilever, Asian Paints, and ICICI Bank ended the session in green. Broader indices also experienced the heat of selling pressure.

Sectoral indices followed suit as well. Bank Nifty future fell 406 Points, Nifty Fin Service closed 192 points down, Nifty IT dropped 253 points, and Nifty Auto ended the session 88 points down. Rupee traded weak by 0.10 per cent at 86.65 as weakness in capital markets weighed on sentiment.

Nifty futures opened at 24799 points against the previous close of 24850 and opened at a low of 24667 points. Nifty Future closed with an average movement of 257 points and a decline of around 140 points and 24710 points…!!

On the NSE, the midcap 100 index will decline 0.84% and smallcap 100 index is closing decline 1.26%. Speaking of various sectoral indices, the NSE saw gains in only Pharma, FMCG and Healthcare stocks, while all other sectoral indices closed lower.

At the start of intra-day trading, August gold opened at Rs.97852, fell from a high of Rs.98120 points to a low of Rs.97839 with a rise of 131 points, a trend of around Rs.97950 and September Silver opened at Rs.1,13,165, fell from a high of Rs.1,13,417 points to a low of Rs.1,12,857 with a decline of 129 points, a trend of around Rs.1,12,923.

Meanwhile, the upcoming monetary policy decisions from the Fed and Bank of Japan, along with the trajectory of domestic quarterly earnings, are expected to play a pivotal role in shaping market direction in the near term. The week ahead is expected to remain volatile with key global triggers including the 1st August trade deal deadline with the U.S., along with major U.S. data releases.

The securities quoted are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read and agree Disclaimer and related all the documents carefully before investing, mentioned on www.nikhilbhatt.in

Dear Trader…

Nifty future ended lower for the second consecutive day, declining 245 points to close below 25k mark at 24,850 (-0.98%). Financial stocks, particularly Bajaj Finance, led the sell-off due to concerns over asset quality. Global uncertainties, lack of progress in India-US trade negotiations, and continuous selling by foreign investors further contributed to the market’s negative performance. Pharma and Healthcare indices showed resilience, closing higher by 0.6-0.7% each, amid a broad based sectoral sell-off.

In a positive development, the India-UK free trade agreement (FTA) was signed in the presence of PM Narendra Modi and UK PM Keir Starmer. The trade deal which was agreed upon in May this year, aims to enhance bilateral trade to $120 billion by 2030, effectively doubling the current trade volume between both nations.

On the macro front, the European Central Bank kept interest rates unchanged, but flagged downside risks to growth in the Eurozone. Overall, we expect market to remain in consolidation mode amid continued uncertainty around India-US trade deal, a mixed Q1FY26 earnings season so far and intensifying FII outflows. Key results over the weekend include Kotak Mahindra bank, Macrotech Developers, CDSL amongst others.

Nifty futures opened at 25011 points against the previous close of 25095 and opened at a low of 24831 points. Nifty Future closed with an average movement of 193 points and a decline of around 245 points and 24850 points…!!

On the NSE, the midcap 100 index will decline 1.61% and smallcap 100 index is closing decline 2.10%. Speaking of various sectoral indices, the NSE saw gains in only Healthcare and Pharma stocks, while all other sectoral indices closed lower.

At the start of intra-day trading, August gold opened at Rs.98582, fell from a high of Rs.98627 points to a low of Rs.97936 with a decline of 766 points, a trend of around Rs.97960 and September Silver opened at Rs.1,15,466, fell from a high of Rs.1,15,700 points to a low of Rs.1,14,420 with a decline of 418 points, a trend of around Rs.1,14,715.

Meanwhile, The FIIs as per Friday’s data were net sellers in both equity and debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 14387.03 crore against gross selling of Rs 16382.53 crore. Thus, FIIs stood as net sellers of Rs 1995.50 crore in equities.

In the debt segment, the gross purchase was of Rs 1168.22 crore with gross sales of Rs 2496.95 crore. Thus, FIIs stood as net sellers of Rs 1328.73 crore in debt. Of the total debt, FIIs stood as net sellers in Debt-General Limit segment at Rs 476.26 crore, they stood at net buyers in Debt-VRR segment at Rs 12.02 crore, while net sellers in Debt-FAR segment at Rs 864.49 crore.

In the hybrid segment, the gross buying was of Rs 28.96 crore against gross selling of Rs 15.93 crore. Thus, FIIs stood as net buyers of Rs 13.03 crore in hybrid segment.

The securities quoted are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read and agree Disclaimer and related all the documents carefully before investing, mentioned on www.nikhilbhatt.in

Dear Trader…

Nifty future ended with a loss of 157 points at 25,095 (-0.62%) as earnings volatility weighed on investor sentiments; even as the India-UK free trade agreement to be signed on Thursday, is expected to provide a significant boost to foreign trade.

Moreover, intensifying FII selling with outflows of over Rs28,000cr in July so far, has further added to investor concerns. IT stocks witnessed sharp decline with Nifty IT down over 2%, after mid-cap players Coforge and Persistent reported weaker than expected quarterly results.

Additionally, lingering uncertainty around the India-US trade deal further weighed on the sector. In contrast, Nifty PSU bank index gained 1.2% on the back of strong Q1 results from Canara Bank and Indian Bank.

Overall, we expect Indian markets to remain range-bound, with stock/sector specific movements driven by Q1 earnings outcome. Meanwhile, global developments including formalisation of the UK FTA and updates on the India-US trade deal, will be closely tracked by market participants.

Nifty futures opened at 25290 points against the previous close of 25252 and opened at a low of 25049 points. Nifty Future closed with an average movement of 241 points and a decline of around 157 points and 25095 points…!!

On the NSE, the midcap 100 index will decline 0.58% and smallcap 100 index is closing decline 1.09%. Speaking of various sectoral indices PSU Bank, Healthcare, Healthcare Index, Pharma, Metal and Auto stocks saw gain on the NSE, while all other sectoral indices closed lower.

At the start of intra-day trading, August gold opened at Rs.99118, fell from a high of Rs.99118 points to a low of Rs.98283 with a decline of 989 points, a trend of around Rs.98428 and September Silver opened at Rs.1,14,675, fell from a high of Rs.1,15,450 points to a low of Rs.1,14,350 with a decline of 828 points, a trend of around Rs.1,14,808.

Meanwhile, The FIIs as per Thursday’s data were net sellers in both equity and debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 15482.42 crore against gross selling of Rs 18781.70 crore. Thus, FIIs stood as net sellers of Rs 3299.28 crore in equities.

In the debt segment, the gross purchase was of Rs 540.16 crore with gross sales of Rs 1114.98 crore. Thus, FIIs stood as net sellers of Rs 574.82 crore in debt. Of the total debt, FIIs stood as net sellers in Debt-General Limit segment at Rs 360.43 crore, they stood at net buyers in Debt-VRR segment at Rs 29.98 crore, while net sellers in Debt-FAR segment at Rs 244.37 crore.

In the hybrid segment, the gross buying was of Rs 30.27 crore against gross selling of Rs 15.29 crore. Thus, FIIs stood as net buyers of Rs 14.98 crore in hybrid segment.

The securities quoted are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read and agree Disclaimer and related all the documents carefully before investing, mentioned on www.nikhilbhatt.in

Dear Trader…

Nifty future closed higher by 158 points (+0.63%) at 25,252, tracking positive global cues amid easing tariff concerns and optimism around international trade developments. This supportive global backdrop boosted investor sentiment domestically. Additionally, the Union Cabinet’s approval of the India–UK Free Trade Agreement (FTA), ahead of Prime Minister Modi’s scheduled UK visit on July 24, further boosted confidence.

Most sectors ended in mix. Nifty Auto led the gains, closing 0.9% higher. Looking ahead, investors will track key global macroeconomic data due Thursday, including US initial jobless claims, the ECB’s interest rate decision, and US Composite and Services PMI.

Domestically, focus will remain on corporate earnings, with key results lined up from SBI Life, REC, UTI AMC, Aditya Birla Sun Life AMC, and V-Mart. We expect stock-specific action to persist as earnings remain the key driver for near-term market direction.

Nifty futures opened at 25170 points against the previous close of 25093 and opened at a low of 25112 points. Nifty Future closed with an average movement of 147 points and a rise of around 158 points and 25252 points…!!

On the NSE, the midcap 100 index will rise 0.34% and smallcap 100 index is closing decline 0.01%. Speaking of various sectoral indices only Realty, Media and FMCG stocks were seen selling on the NSE, while all other sectoral indices closed higher.

At the start of intra-day trading, August gold opened at Rs.1,00,453, fell from a high of Rs.1,00,555 points to a low of Rs.1,00,060 with a rise of 27 points, a trend of around Rs.1,00,356 and September Silver opened at Rs.1,16,204, fell from a high of Rs.1,16,572 points to a low of Rs.1,15,730 with a rise of 766 points, a trend of around Rs.1,16,421.

Meanwhile, The FIIs as per Wednesday’s data were net buyers in both equity and debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 21686.24 crore against gross selling of Rs 17068.17 crore. Thus, FIIs stood as net buyers of Rs 4618.07 crore in equities.

In the debt segment, the gross purchase was of Rs 3374.48 crore with gross sales of Rs 2640.95 crore. Thus, FIIs stood as net buyers of Rs 733.53 crore in debt. Of the total debt, FIIs stood as net sellers in Debt-General Limit segment at Rs 81.3 crore, they stood at net buyers in Debt-VRR segment at Rs 561.80 crore, while net buyers in Debt-FAR segment at Rs 253.03 crore.

In the hybrid segment, the gross buying was of Rs 12.51 crore against gross selling of Rs 23.47 crore. Thus, FIIs stood as net sellers of Rs 10.96 crore in hybrid segment.

The securities quoted are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read Disclaimer and related all the documents carefully before investing, mentioned on www.nikhilbhatt.in

Dear Trader…

The Nifty future slipped 0.13% to close at 25,093 on Tuesday. Markets opened higher but pared gains as caution prevailed amid weak global cues and uncertainty over the US-India trade deal. Reports indicated that the fifth round of talks ended without a breakthrough, dimming hopes of an interim trade deal. The US delegation is expected to visit India in mid-August to resume negotiations.

All sectoral indices ended in the red, led by Nifty Media (-2.3%) and PSU Banks (-1.6%). With no strong directional cues, the headline indices paused after recent gains, while sharp stock-specific moves dominated trade. On the macro front, India’s eight core industries grew by 1.7% in June, slightly higher than the 1.2% expansion in May. 

Nifty futures opened at 25149 points against the previous close of 25127 and opened at a low of 25070 points. Nifty Future closed with an average movement of 130 points and a decline of around 33 points and 25093 points…!!

On the NSE, the midcap 100 index will decline 0.61% and smallcap 100 index is closing decline 0.34%. Speaking of various sectoral indices, Media, PSU Bank, Realty and Pharma stocks saw heavy selling on the NSE, while all other sectoral indices also closed lower.

At the start of intra-day trading, August gold opened at Rs.99300, fell from a high of Rs.99671 points to a low of Rs.99101 with a rise of 322 points, a trend of around Rs.99650 and September Silver opened at Rs.1,14,629, fell from a high of Rs.1,15,588 points to a low of Rs.1,14,251 with a rise of 334 points, a trend of around Rs.1,15,380.

Meanwhile, Investors now await commentary from Fed Chair Powell later tonight for clues on the US rate trajectory. On the earnings front, key results scheduled for Wednesday include Infosys, SRF, Tata Consumer, Persistent Systems, Oracle, and Coforge. Markets are likely to stay range-bound in the near term, with focus on ongoing corporate earnings.

The securities quoted are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read and agree Disclaimer and related all the documents carefully before investing, mentioned on www.nikhilbhatt.in

India’s exporters are currently subject to a base duty of 10% after the US administration temporarily suspended the 26% duty imposed on India. The data also showed that the trade deficit narrowed to a 4-month low of $18.78 billion in June as both imports and exports declined in the month. The trade deficit was $20.84 billion in June last year and $21.88 billion a month earlier. According to data released by the Commerce Department, merchandise exports to the US in June rose 23.5% year-on-year to $8.3 billion.

Exports to the US have crossed $8 billion since the beginning of 2025, compared to between $6 and $7 billion in 2024. India’s exports fell 0.06% year-on-year to $35.11 billion in June, mainly due to lower global crude oil prices and pressure on global supply chains due to the ongoing tariff war. Exports in June were not only at a 7-month low, but also 9.2% lower than a month earlier. Imports fell 3.7% to $53.92 billion in June. This was due to a decline in imports of petroleum products, gold, iron and steel.

The global market cap of cryptocurrencies has crossed $4 trillion for the first time, thanks to renewed optimism among investors, approval of the regulatory framework by developed countries and massive inflows into spot ETFs. The US House of Representatives has approved a bill this week to create a regulatory framework for these risky digital currencies. This legislation will increase investor confidence in cryptos and will also change the approach towards them.

The launch of new exchange-traded products is receiving a response from investors. Bitcoin is currently consolidating around $118,000 after touching $123,000 last week. Increased ETF inflows, a Federal Reserve interest rate cut and a weaker dollar could fuel the crypto market rally. India’s top crypto exchanges CoinDCX, ZebPay, Mudrax and Coinswitch have seen a net inflow of over $200 million in the last week.