“AMC stocks are likely to be in focus as the net inflow into equity mutual funds surged 81% to Rs 42,672 crore in July as per latest AMFI data. Stock/sector specific action would continue as the earnings season enters its final leg. Overall, we expect the market to stay firm while tracking developments on US tariffs and outcome of the US-Russia talks scheduled for this week,” stated Khemka.
Vinod Nair, Head of Research, Geojit Investments, said that investors are positively assessing the upcoming US-Russia summit this week, which may possibly give way to a de-escalation in geopolitical tensions. “While a near-term caution may still prevail, the more definite assessment of the US trade and growth impact is yet to be assessed fully,” added Nair.
In the Nifty50 pack, Adani Enterprises was the top gainer as the stock snapped its three-day losing streak and rose 4.23% on Monday to close at Rs 2,270. Tata Motors’ shares rose 3.2% to close at Rs 654 following its Q1FY26 results. Eternal, Grasim Industries and Apollo Hospitals surged between 2% and 3%.
Amruta Shinde, Technical & Derivative Analyst at Choice Equity, said that the India VIX, a key gauge of market volatility, rose 1.54% to 12.21, reflecting reduced uncertainty and improved investor sentiment.
“In the derivatives segment, open interest data showed the highest call writing at the 24,600 strike, while the highest put OI was concentrated at 24,500 and 24,400. This positioning suggests that resistance persists near 24,600; however, traders are anticipating potential upside, with a sustained close above this level necessary to maintain bullish momentum,” added Shinde.