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Payments are being made in seconds by linking multiple bank accounts with a single mobile application through UPI. Today, more than 18 billion financial transactions are being made in India every month. In June 2025, UPI has made payments worth Rs.24.03 lakh crore through 18.39 billion transactions. This figure was 13.88 billion transactions in June last year. Which shows an increase of about 32% in the last one year.

India has now become a world leader in terms of fast digital payments. According to the International Monetary Fund’s new report ‘Retail Digital Payments Growing Trend: Importance of Interoperability’, India’s Unified Payments Interface (UPI) is the mainstay of this revolution. Launched by the National Payments Corporation of India (NPCI) in 2016, UPI has become the fastest, easiest and most trusted way to make financial transactions in India.

Today, 491 million people and 65 lakh merchants across the country are connected to UPI. 675 banks provide UPI service. So that anyone can make online payments quickly from any bank to any account. In which there is no need to check the bank account. 85% of all digital transactions in India are being done through UPI. 50% of real-time digital payments in the world are done only through India’s UPI.

UPI is no longer limited to India. This service has been launched in seven countries. Including UPI, Singapore, Bhutan, Nepal, Sri Lanka, France and Mauritius. Starting UPI service in France is also a big step for India, as it is UPI’s first entry into Europe. Now Indians living there can easily make payments without having to go through the hassle of any foreign transaction. According to PIB, India wants UPI to be made a common digital payment system for BRICS countries. If this happens, it will make it easier to send money from abroad, promote financial inclusion and further strengthen India’s digital leadership.

In June this year, 25 lakh new demat accounts have been opened in the country, which is the biggest addition since January. With 25 lakh new demat accounts, the overall number of demat accounts has increased to close to 20 crores, according to the data received. The rally in the stock market in June has increased the confidence of investors. A total of 45 lakh new demat accounts were added in June 2024. In September 2024, this figure was 48 lakhs, but then the situation in the stock markets around the world, including India, due to global geopolitical tensions, the confidence of investors, especially retail investors, deteriorated, which resulted in the addition of new demat accounts. In June 2024, the total number of demat accounts was 16.2 crores, which increased to 19.90 crores by the end of June this year, according to the data received.

Investors have started taking interest in the market again after the strong performance of the stock markets in June compared to March-April. After zero listings in March and one in April, as many as eight companies raised more than Rs 17,500 crore from the market in June. The Indian economy is looking strong compared to other emerging countries of the world. The momentum of the primary market has led to an increase in new investors. After zero listings in March and only one listing in April, eight companies raised Rs 17,689 crore through IPOs in June.

Dear Trader…

Indian equity markets ended on a positive note on July 21, despite experiencing notable intraday volatility. At the close, the Sensex rose by 442.61 points or 0.54% to settle at 82,200.34, while the Nifty future gained 95.30 points or 0.38%, closing at 25,127.60. Among the top gainers on the Nifty were Eternal, ICICI Bank, HDFC Bank, HDFC Life, and M&M, while the laggards included IndusInd Bank, Reliance Industries, Wipro, HCL Tech, and Eicher Motors. Meanwhile, India VIX, the volatility index, declined by 1.67% to 11.20, reflecting easing fear in the market but continued caution.

Nifty futures opened at 24969 points against the previous close of 25032 and opened at a low of 24920 points. Nifty Future closed with an average movement of 219 points and a rise of around 95 points and 25127 points…!!

On the NSE, the midcap 100 index will rise 0.62% and smallcap 100 index is closing decline 0.01%. Speaking of various sectoral indices only PSU Bank, FMCG, IT, Pharma and Healthcare 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.98210, fell from a high of Rs.98744 points to a low of Rs.9850 with a rise of 663 points, a trend of around Rs.98687 and September Silver opened at Rs.1,13,071, fell from a high of Rs.1,14,100 points to a low of Rs.1,12,820 with a rise of 850 points, a trend of around Rs.1,13,800.

Meanwhile, On the global front,  India and US concluded the fifth round of negotiations for the proposed Bilateral Trade Agreement (BTA), with key issues such as agriculture and automobiles still unresolved. Markets would be closely following further trade talks over the coming weeks, as both nations aim for a deal before the August 1 deadline. We expect the market to remain range-bound, tracking quarterly earnings outcome and developments on the India-US trade deal. Key results scheduled for Tuesday include Colgate, JSW Infra, Dixon tech, Paytm amongst others. 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…

Markets edged lower on Friday, losing over half a percent, primarily due to weak earnings. A sharp decline in Axis Bank following its results made participants cautious ahead of upcoming earnings from other banking heavyweights, namely HDFC Bank and ICICI Bank, which are scheduled over the weekend. Additionally, the results of another index heavyweight, Reliance Industries, expected after market hours on Friday, further added to the cautious sentiment.

In line with the benchmark move, most sectoral indices ended in the red, with banking, energy, and FMCG leading the losses. The broader indices also witnessed profit booking, each shedding nearly a percent.

Nifty futures opened at 25174 points against the previous close of 25167 and opened at a low of 24981 points. Nifty Future closed with an average movement of 189 points and a decline of around 142 points and 25032 points…!!

On the NSE, the midcap 100 index will decline 0.70% and smallcap 100 index is closing decline 0.82%. Speaking of various sectoral indices only Media, Metal & IT stocks were seen gains on the NSE, while all other sectoral indices closed lower.

At the start of intra-day trading, August gold opened at Rs.97320, fell from a high of Rs.98157 points to a low of Rs.97320 with a rise of 675 points, a trend of around Rs.98148 and September Silver opened at Rs.1,12,529, fell from a high of Rs.1,13,688 points to a low of Rs.1,12,505 with a rise of 1131 points, a trend of around Rs.1,13,465.

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 12506.81 crore against gross selling of Rs 15370.93 crore. Thus, FIIs stood as net sellers of Rs 2864.12 crore in equities.

In the debt segment, the gross purchase was of Rs 1762.35 crore with gross sales of Rs 1991.24 crore. Thus, FIIs stood as net sellers of Rs 228.89 crore in debt. Of the total debt, FIIs stood as net buyers in Debt-General Limit segment at Rs 332.77 crore, they stood at net sellers in Debt-VRR segment at Rs 377.24 crore, while net sellers in Debt-FAR segment at Rs 184.42 crore.

In the hybrid segment, the gross buying was of Rs 28.09 crore against gross selling of Rs 46.14 crore. Thus, FIIs stood as net sellers of Rs 18.05 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…

Markets ended lower on Thursday, with the Nifty future closing at 25,174, down 0.28%. Volatility persisted amid the Nifty’s weekly F&O expiry, while the broader indices also remained weak. Sectorally, profit booking was seen in PSU stocks after the previous session’s sharp rally, dragging the Nifty PSU Bank index down 0.8%. Nifty IT led the losses, falling 1.4%, as sentiment remained fragile amid a cautious start to the Q1 earnings season.

Asian markets traded lower as the U.S. struck a one-sided trade deal with Indonesia. Under the agreement, Indonesian exports to the U.S. will face a 19% tariff, while U.S. exports to Indonesia will enjoy zero tariffs or non-tariff barriers, highlighting the imbalance in trade concessions.

Media reports indicated the US may offer India a tariff rate below 20% amid ongoing trade discussions in Washington DC. Going forward markets are likely to remain in consolidation mode, with focus on ongoing earnings and progress in US-India trade negotiations. Key results on Friday include Reliance Industries, JSW Steel, and L&T Finance.

Nifty futures opened at 25260 points against the previous close of 25245 and opened at a low of 25165 points. Nifty Future closed with an average movement of 110 points and a decline of around 71 points and 25174 points…!!

On the NSE, the midcap 100 index will decline 0.17% and smallcap 100 index is closing decline 0.12%. Speaking of various sectoral indices only IT, PSU Bank, Private Bank, Media, Oil & Gas and Auto 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.97511, fell from a high of Rs.97549 points to a low of Rs.97110 with a decline of 576 points, a trend of around Rs.97212 and September Silver opened at Rs.1,13,610, fell from a high of Rs.1,13,680 points to a low of Rs.1,13,080 with a rise of 58 points, a trend of around Rs.1,13,504.

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 12039.57 crore against gross selling of Rs 13080.16 crore. Thus, FIIs stood as net sellers of Rs 1040.59 crore in equities.

In the debt segment, the gross purchase was of Rs 740.97 crore with gross sales of Rs 1050.79 crore. Thus, FIIs stood as net sellers of Rs 309.82 crore in debt. Of the total debt, FIIs stood as net buyers in Debt-General Limit segment at Rs 30.28 crore, they stood at net buyers in Debt-VRR segment at Rs 2.60 crore, while net sellers in Debt-FAR segment at Rs 342.7 crore.

In the hybrid segment, the gross buying was of Rs 17.37 crore against gross selling of Rs 21.37 crore. Thus, FIIs stood as net sellers of Rs 4.00 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…

Indian equities recouped early losses to end flat on Tuesday, with the Nifty future closing at 25,245, up 19 points or 0.08%. In a largely range-bound session, PSU bank stocks stood out, with the Nifty PSU Bank index rising 1.8% on reports that the government may consider a fresh round of financial sector reforms.

On the flip side, Nifty Metals declined 0.5%, tracking strength in the US dollar amid elevated US inflation readings. Pharma stocks were supported by positive industry data. The India Pharma Market grew 11.5% YoY in June, led by strong performance in acute therapies.

Acute therapy growth rebounded to 11% in June (vs. 5% in May), aided by seasonal trends and a revival in anti-infectives. Over the past 6–9 months, rural demand has seen a notable revival, outpacing urban consumption.

This recovery follows nearly two years of softness due to high inflation, weak savings, and sluggish tractor sales. With easing inflation, policy support, and favorable weather, rural markets appear well-positioned for a steady and inclusive rebound.

Nifty futures opened at 25230 points against the previous close of 25265 and opened at a low of 25162 points. Nifty Future closed with an average movement of 127 points and a decline of around 19 points and 25245 points…!!

On the NSE, the midcap 100 index will rise 0.01% and smallcap 100 index is closing rise 0.03%. Speaking of various sectoral indices only Metal, Healthcare, Pharma and Financial Services 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.97222, fell from a high of Rs.97515 points to a low of Rs.97205 with a rise of 262 points, a trend of around Rs.97473 and September Silver opened at Rs.1,11,574, fell from a high of Rs.1,12,295 points to a low of Rs.1,11,350 with a rise of 570 points, a trend of around Rs.1,12,056.

Meanwhile, Key global macro releases due on Thursday includes EUR CPI, UK unemployment, and US retail sales and jobless claims. Q1 results due tomorrow include Axis Bank, Wipro, Jio Financial, LTI Mindtree, HDFC AMC, Indian Hotels, among others.

We expect markets to consolidate with a positive bias, supported improving rural and healthcare trends, and any progress on India–US trade negotiations. Stock-specific action will likely continue as the earnings season gathers pace.

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…

Markets witnessed some respite and edged marginally higher after four consecutive sessions of decline. Following a flat start, the Nifty future attempted a recovery in the early hours, largely driven by buying interest in select heavyweights. However, the upside remained capped near the short-term moving average around the 25,250 level. Eventually, it settled at 25,265.60, up by 0.39%. On the sectoral front, all key sectors ended in the green, with auto, pharma, and realty emerging as the top gainers.

Participants drew comfort from the further easing of CPI inflation, which triggered notable buying in rate-sensitive sectors in hopes of a potential rate cut. However, continued disappointment from the IT space, following HCL Technologies’ results, capped overall momentum. With the hurdle at the short-term moving average (20 DEMA) near 25,250 still intact, we suggest maintaining a cautious stance on the index and adopting a selective approach on the sectoral front.

Nifty futures opened at 25180 points against the previous close of 25167 and opened at a low of 25152 points. Nifty Future closed with an average movement of 153 points and a rise of around 98 points and 25265 points…!!

On the NSE, the midcap 100 index will rise 0.95% and smallcap 100 index is closing rise 0.95%. Speaking of various sectoral indices, Auto, Healthcare, Pharma, Consumer Durables and PSU Bank stocks saw heavy gains on the NSE, while all other sectoral indices also closed higher.

At the start of intra-day trading, August gold opened at Rs.97887, fell from a high of Rs.98080 points to a low of Rs.97649 with a decline of 18 points, a trend of around Rs.97757 and September Silver opened at Rs.1,12,153, fell from a high of Rs.1,12,939 points to a low of Rs.1,12,130 with a decline of 495 points, a trend of around Rs.1,12,441.

Meanwhile, Market sentiment is showing signs of improvement, supported by a blend of global and domestic developments. Optimism is growing around the possibility of an interim trade agreement with the US, which could lead to a moderation in tariff-related risks.

Concurrently, domestic inflation has fallen to multi-year lows, strengthening expectations of a further rate cut by the RBI-potentially accelerating future economic growth, which is currently showing signs of improvement.

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…

Markets started the week on a volatile note and extended their recent decline, ending nearly half a percent lower. After an initial dip, the Nifty future attempted to stabilize in early trade, but sustained pressure from heavyweight stocks dragged the index down as the session progressed. A rebound after retesting the 25,000 mark helped trim some of the losses, and the index eventually settled at 25,167 level, down 0.22%.

On the sectoral front, the IT pack remained under pressure, while profit-taking in banking and financial majors also weighed on overall sentiment. In contrast, realty, pharma, and energy sectors showed resilience and closed in the green.

Looking ahead, markets will react to the Q1 results of IT heavyweight HCL Technologies in early trade on Tuesday, which will be crucial for gauging sentiment in the IT space following the recent disappointment from TCS. Additionally, investors remain watchful of developments related to tariffs and their potential impact on global markets. Amid this mixed environment, we continue to see selective opportunities across sectors. Hence, participants should maintain a focus on stock selection and risk management.

Nifty futures opened at 25234 points against the previous close of 25223 and opened at a low of 25076 points. Nifty Future closed with an average movement of 158 points and a decline of around 55 points and 25167 points…!!

On the NSE, the midcap 100 index will rise 0.70% and smallcap 100 index is closing rise 1.02%. Speaking of various sectoral indices only IT, Financial Services, Private Bank and Oil &Gas 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.97967, fell from a high of Rs.98450 points to a low of Rs.97750 with a decline of 22 points, a trend of around Rs.97796 and September Silver opened at Rs.1,13,542, fell from a high of Rs.1,15,136 points to a low of Rs.1,13,505 with a rise of 681 points, a trend of around Rs.1,13,682.

on the macro front, the wholesale inflation (WPI) turned negative in Jun’25, easing to 14-month low of -0.13% from 0.39% in May. Market participants now await the release of retail inflation (CPI) data later today. Key Q1 results on Tuesday include HDFC Life Insurance, ICICI Prudential Life Insurance, ICICI Lombard General Insurance, HDB Financial Services amongst others.

We expect the market to remain in consolidation phase, awaiting updates on the India-US trade deal; while stock-specific action could be seen on the back of quarterly earnings announcements.

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…

Indian equities ended sharply lower on Friday, with the Nifty future declining 198 points or 0.78% to close at 25,223 on account of weak TCS numbers and cautious investor sentiment. Sectorally, most indices ended in the red, barring Nifty Pharma (+0.7%) and Nifty FMCG (+0.5%), which saw selective buying interest.

The gains in pharma were supported by President Trump’s announcement of a potential 200% tariff on pharmaceutical products-to be enforced after a one-year grace period-which eased immediate concerns. Sentiment was further boosted by Glenmark Pharma’s licensing deal – marking world’s fourth-largest upfront payment.

Nifty futures opened at 25335 points against the previous close of 25421 and opened at a low of 25205 points. Nifty Future closed with an average movement of 179 points and a decline of around 198 points and 25223 points…!!

On the NSE, the midcap 100 index will decline 0.88% and smallcap 100 index is closing decline 1.02%. 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.97252, fell from a high of Rs.97719 points to a low of Rs.97151 with a rise of 975 points, a trend of around Rs.97666 and September Silver opened at Rs.1,09,333, fell from a high of Rs.1,11,970 points to a low of Rs.1,09,333 with a rise of 2464 points, a trend of around Rs.1,11,587.

On the other hand, the Nifty IT index led the decline, slipping 1.8% after Tata Consultancy Services (TCS) reported weaker-than-expected Q1 results, beginning the season on a weak note. As the earnings season progresses, markets are expected to witness volatility driven by stock-specific factors. Adding to the cautious tone, President Donald Trump stated that he plans to impose blanket tariffs of 15% or 20% on most trade partners.

The lingering uncertainty around trade negotiations is likely to keep markets in a consolidation mode. Investors will now focus on key domestic macro data, including CPI and WPI inflation prints, while tracking ongoing Q1 earnings and updates on the India–US trade deal.

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…

Indian equities ended lower on Thursday, with the Nifty future declining 136 points (-0.54%) to close at 25421. The broader markets also reflected weakness, as both the Nifty Midcap100 and Smallcap100 indices fell 0.3% each. Sectoral performance was mixed, with the Nifty IT index down 0.8% as IT stocks slipped ahead of Tata Consultancy Services’ (TCS) Q1FY26 results scheduled for later today.

Investors are keenly awaiting management commentary to gauge the sector’s outlook. Shares of asset management companies were in focus following strong June AMFI data and ICICI Prudential AMC’s filing for a 10,000 crore IPO valuing the company at 1 Lakh Cr market cap. On the global trade front, a delegation from India’s commerce ministry is expected to visit Washington next week for another round of talks with the US on tariffs and the proposed bilateral trade deal.

Investors are also closely watching key global economic data, including US initial jobless claims due later today and UK GDP data scheduled for Friday. The market is likely to consolidate in the near term, tracking progress on India–US trade talks, while cues from the earnings season may drive sector- and stock-specific movements.

Nifty futures opened at 25590 points against the previous close of 25558 and opened at a low of 25411 points. Nifty Future closed with an average movement of 184 points and a decline of around 136 points and 25421 points…!!

On the NSE, the midcap 100 index will decline 0.30% and smallcap 100 index is closing decline 0.27%. Speaking of various sectoral indices, the NSE saw gains in only Realty, Metal and Consumer Durables stocks, while all other sectoral indices closed lower.

At the start of intra-day trading, August gold opened at Rs.96548, fell from a high of Rs.96975 points to a low of Rs.95444 with a rise of 304 points, a trend of around Rs.96765 and September Silver opened at Rs.1,07,320, fell from a high of Rs.1,08,839 points to a low of Rs.1,07,300 with a rise of 1130 points, a trend of around Rs.1,08,395.

Meanwhile, The FIIs as per Thursday’s data were net buyers in equity segment, while they were net sellers in debt segment, according to data released by the NSDL. In equity segment, the gross buying was of Rs 13786.15 crore against gross selling of Rs 13113.95 crore. Thus, FIIs stood as net buyers of Rs 672.20 crore in equities.

In the debt segment, the gross purchase was of Rs 995.66 crore with gross sales of Rs 1568.42 crore. Thus, FIIs stood as net sellers of Rs 572.76 crore in debt. Of the total debt, FIIs stood as net sellers in Debt-General Limit segment at Rs 73.47 crore, they stood at net sellers in Debt-VRR segment at Rs 75.93 crore, while net sellers in Debt-FAR segment at Rs 423.36 crore.

In the hybrid segment, the gross buying was of Rs 19.80 crore against gross selling of Rs 12.81 crore. Thus, FIIs stood as net buyers of Rs 6.99 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