ICICI Securities has declared that Nifty 50 may have formed a durable bottom following an 18-month consolidation phase and a 16% correction from peak levels. The brokerage's technical analysis leans on historical chart patterns and what it identifies as strong support levels to underpin that call. The assessment carries weight for institutional and retail positioning decisions heading into what the firm characterizes as a potential upcycle. Banks, energy names, and select midcap stocks are flagged as the likely outperformers in the next leg higher, with 21 specific stocks identified across those cohorts. The framework matters because sector rotation calls at cycle turns tend to anchor near-term fund flows and analyst consensus. Investors tracking Nifty's trajectory will watch whether price action around current levels confirms the basing pattern ICICI Securities describes, or whether macro headwinds force a retest of support. The 21-stock list provides a concrete tactical screen for portfolio managers assessing entry points in this environment.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
