Market View 30th June, 2026

View on market: Volatility persists, eagerly searching for growth:

Global market sentiment was mostly positive at the start of the day. US futures remained slightly weak, while European futures pointed to a better opening. Asian markets traded largely mixed, supported by the strong recovery in Wall Street. US markets bounced back after recent weakness as technology stocks regained strength. Investor confidence also improved after signs of easing tensions in the Middle East and smoother movement through a key global shipping route. Buying in major technology companies lifted overall market sentiment, although some chip-related stocks remained under pressure. Indian markets ended lower as investors turned cautious after the recent rally. Weakness in global technology stocks, fresh geopolitical concerns, and worries over the monsoon weighed on sentiment. Although easing crude oil prices and lower regional tensions offered some support, most of these positives had already been reflected in stock prices. Profit booking after several weeks of gains also added pressure. Overall, investors remained watchful of global developments and domestic factors before taking fresh positions.

Economic Calendar:

• USD: House Price Index Data on 30^th June 2026.
• IND: HSBC Manufacturing PMI and Monthly Auto Sales Data on 01^st July 2026.
• USD: S&P Global and ISM Manufacturing PMI Data 01^st July 2026.
• IND: HSBC Composite & Services PMI and Foreign Exchange Reserves on 03^rd July 2026.

BROKERAGE RADAR:

KOTAK SECURITIES ON APOLLO TYRES:

Target ₹450 Earlier Target ₹410 Recommendation Add, Corrective actions in play; profitability recovery from H2FY27, Steady recovery taking shape in the domestic business, Commodity correction plus pricing action should aid profitability, Increase FY27-29E consolidated EBITDA estimates by 1-7%.

GOLDMAN SACHS ON PAGE INDUSTRIES:

Target ₹48000 Earlier Target ₹45000 Recommendation Accumulate, Another price hike taken in May; volume growth momentum likely to sustain, Volume growth recovery is led by structural factors, Signs of improvement in EBO experience, bode well for the long-term, Online channel continues to see healthy growth.

HSBC ON M&M:

Target ₹4200 Recommendation Accumulate, EV penetration in 4Ws surged in recent weeks, driven by concerns over fuel price outlook, Think the medium-term outlook (FY30-32) for EV penetration remains, at best, in the mid-teens, OEM margins are likely to be healthy in FY27/28, thanks to PLI and then fall in FY29.

MORGAN STANLEY ON PRESTIGE:

Target ₹1920 Recommendation Overweight, Big Jump in IP income in FY29, Strong Sell Through Continues, According to PROPEQUITY, first two months of Q1, Prestige pre-sales was ₹6300 cr, Expect rents to go up further, Hospitality listing could wait for new Aerocity hotel with 778 keys to be completed.

International Markets:

U.S & Europe:

*As per 30^th June.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

View on market: Volatility persists, eagerly searching for growth

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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