Kumar Binit, CEO, Airpay Money

The introduction of the Rs 12 lakh tax relief under the new tax regime has shifted the conversation from tax savings to financial discipline. A common misconception is that if no tax is payable, filing an Income Tax Return becomes optional. In reality, an ITR remains one of the strongest indicators of financial credibility. Whether you're applying for a loan, a credit card, or demonstrating income for future financial needs, a timely and accurate ITR strengthens your financial profile.

We believe every filing season is an opportunity for individuals, professionals, and business owners to take stock of their financial position and make informed decisions. The extended filing window available to eligible taxpayers should be used to review financial information carefully, choose the most suitable tax regime based on individual circumstances and file accurately. Beyond meeting a compliance requirement, a well-maintained ITR creates a stronger financial record that supports access to credit and contributes to long-term financial wellbeing. 

MRG Group, a diversified business conglomerate, has announced its strategic collaboration with Arica Pharmaceutical, reinforcing its commitment to supporting India's rapidly growing healthcare sector while fostering innovation, quality, and community well-being.

The partnership brings together MRG Group's vision for diversified growth and Arica Pharmaceutical's expertise in delivering quality healthcare solutions. Established in 2023, Arica Pharmaceutical has built its presence in the pharmaceutical industry with a focus on anti-diabetic, neurosciences, and cardiovascular therapies and is now gearing up to expand into multiple therapeutic categories as part of its long-term growth strategy.

The collaboration is expected to create opportunities for innovation, business expansion, and initiatives aimed at improving healthcare accessibility while strengthening the pharmaceutical ecosystem in India.

Invesco India BSE Sensex ETF will make passive investments in equity and equity related securities replicating the composition of the BSE Sensex Index, subject to tracking errors. The BSE Sensex, one of India's most widely tracked equity benchmarks, represents 30 of the country's largest, profitable, and industry-leading companies across key sectors of the economy. With a long track record, the index has remained closely aligned with India's long-term economic growth, offering investors a simple, transparent, and cost-efficient route to equity market participation.

The scheme will invest in companies which are constituents of BSE Sensex Index in the same weights as in the Index with an endeavour to track the benchmark index with as low tracking error as possible.

Invesco India Nifty Bank ETF will make passive investments in equity and equity related securities replicating the composition of the Nifty Bank Index, subject to tracking errors. The Nifty Bank Index comprises India's leading banking institutions across private and public sector banks, representing a segment that plays a central role in driving economic growth.

Bombay Chartered Accountants' Society (BCAS) has submitted a representation to the OECD on the proposed revisions to Chapter VII of the OECD Transfer Pricing Guidelines relating to intra-group services.

The representation recommends greater clarity and practical guidance to reduce ambiguity, improve consistency across jurisdictions and minimise transfer pricing disputes. Key recommendations include:

Overall, the representation recommends a more practical, principles-based and globally consistent transfer pricing framework that provides greater certainty for taxpayers and tax administrations while accommodating diverse business models and evolving commercial practices.

Pranay Aggarwal Director & CEO of Stoxkart

If crude oil prices continue to decline, the primary beneficiaries are expected to be oil marketing companies (IOC, BPCL, HPCL), the aviation sector (InterGlobe Aviation, SpiceJet), the paint industry (Asian Paints, Berger Paints, Kansai Nerolac), tyre manufacturers (MRF, Apollo Tyres, CEAT), as well as logistics and transportation, chemicals, and consumer sectors. The reduction in crude prices leads to lower input costs, decreased freight expenses, and increased inflationary pressures, thus, enhancing margins and increasing demand. On the other hand, upstream oil and gas producers like ONGC and Oil India may experience pressure on their earnings due to declining crude prices. Additionally, oilfield service providers might face reduced spending if the lower prices continue. Refiners that have significant inventory gains could also face short-term challenges from inventory losses during a sharp decline in crude prices.

The rupee has gained strength following the Reserve Bank of India's intervention and a significant decline in Brent crude prices, which have recently dropped to approximately US$87 per barrel from over US$100 due to indications of reduced geopolitical tensions. The Indian Rupee has rebounded to around 95.6-95.7 per US dollar, marking its strongest position in nearly two weeks, supported by the RBI's dollar sales and an increase in foreign currency inflows. In the coming weeks, any further appreciation depends on crude prices remaining below US$90, ongoing support from the RBI, and stable foreign inflows and investments. However, a resurgence of geopolitical tensions, a rise in oil prices, or a stronger US dollar following the Federal Reserve meeting could affect potential gains. This indicates that while short-term sentiment has improved, any sustained appreciation is likely to be gradual rather than abrupt.

Easebuzz, India's full-stack payments and financial infrastructure platform, reported another year of profitable growth in FY26, driven by strong adoption across enterprises and MSMEs, continued expansion of its vertical SaaS offerings, and growing demand for integrated financial operations solutions. The company reported revenue of INR 723 crore, up from INR 659 crore in FY25, while its annual Gross Transaction Value (GTV) reached nearly US$ 50 billion. The platform has been consistently profitable since its existence and in FY 26 it has reported a PAT of INR 11.15 Cr. Easebuzz today serves more than 3,00,000 businesses across India and processes over 3 million transactions every day.

FY26 marked a year of significant business and regulatory milestones for the company. Easebuzz secured all three key Payment Aggregator authorisations from the Reserve Bank of India-covering Online (PA-O), Physical (PA-P) and Cross Border (PA-CB) payments-placing it among a select group of payment fintech companies with the complete suite of approvals. During the year, the company also launched Banking Connect IBMB, an interoperable net and mobile banking platform developed in partnership with NPCI Bharat BillPay Limited (NBBL), further expanding its payments infrastructure capabilities.

The Board of Directors of Capri Global Capital Ltd. (CGCL), a non-deposit taking and systemically important NBFC (NBFC-ND-SI) on Monday, July 27th, 2026 announced the unaudited financial results for the quarter ended June 30th, 2026. Key takeaways are as follows:

Business and Earnings Performance

Delivers best-ever quarterly performance; Consolidated AuM rises above Rs 40,000 crores

CGCL delivered its strongest quarterly performance in 1QFY27 with consolidated AuM increasing 62% YoY and 10% QoQ to reach Rs 40,112 crores. Growth was broad-based across lending verticals, led by a robust 111% YoY increase in Gold Loans, 24% YoY increase in MSME Loans, and a 42% YoY rise in Housing Loans. Growth remained granular and well-diversified, with customer base exceeding 7.6 lakhs.

UltraLED Displays, a Titan Intech Ltd brand specializing in LED display solutions, has onboarded EIS TechInfra Solutions as its official ULTRA NEXUS Distributor for South India. This marks the third onboarding under the ULTRA NEXUS program and expands UltraLED Displays' distribution network for advanced LED display solutions across India.

ULTRA NEXUS, short for Network for Excellence, Xpertise and UltraLED Solutions, is a long-term distribution framework focused on improving operational efficiency, regional accessibility, and alignment between the brand, distributors, and system integrators. The onboarding of EIS TechInfra Solutions adds to UltraLED Displays' growing distribution ecosystem and supports its expansion across high-opportunity markets.

With its established regional presence, strong channel network, and expertise in audio-visual technologies, EIS TechInfra Solutions is expected to improve market access, execution timelines, and partner engagement across key industry segments in South India. The collaboration is intended to support faster deployment cycles, improved regional responsiveness, and wider availability of next-generation LED display solutions in the region. 

Ruchit Thakur, Market Analyst, VT Markets 

India, which imports around 85% of its crude oil requirements, stands to benefit significantly if crude oil prices continue to soften. Lower oil prices help contain inflation, improve corporate profitability, and reduce input costs across the economy. Sectors such as aviation, paints, chemicals, cement, logistics, automobiles, and oil marketing companies are likely to be the biggest beneficiaries due to lower fuel and raw material costs. Consumer-focused sectors may also gain as lower inflation supports discretionary spending. However, upstream oil producers could continue to face pressure if lower crude prices reduce their realizations and profitability, while cheaper conventional fuel may slow consumer adoption of renewable energy and electric vehicle-related businesses. Overall, a sustained decline in crude prices would support earnings growth, ease inflationary pressures, and improve overall market sentiment, particularly for domestic consumption-driven sectors.

The recent strengthening of the rupee has been supported by softer crude oil prices, improved foreign capital flows, and strong RBI intervention to curb excessive currency volatility. If crude prices remain subdued and global risk sentiment stays stable, the rupee could maintain a modest appreciation bias over the next few weeks. However, continued demand for the US dollar from importers, changing expectations around the US Federal Reserve, and any resurgence in geopolitical risks may limit further gains. The RBI is also likely to prevent excessive appreciation to maintain export competitiveness. Going forward, crude oil prices, foreign investment flows, and key global macroeconomic data will remain the primary drivers of short-term currency movement, with the USD/INR pair expected to remain largely range-bound with a slight downside bias.

Earlier this year, the company's Chief Operating Officer Ankit Jain and Chief Business Officer Hari Kumar also left the business. Read full report here

Rajesh Chhabra, General Manager, APAC, Large Markets, Acronis

While the reports regarding Bank of Baroda are yet to be officially confirmed, incidents like these serve as an important reminder that cybersecurity in the financial sector must be approached as a resilience challenge, not just a prevention challenge. As banks accelerate digital transformation and expand their interconnected ecosystems, they also increase the complexity of securing critical systems, customer data and third-party relationships.

Financial institutions should assume that sophisticated attacks are a matter of when, not if. The differentiator is how quickly an organisation can detect suspicious activity, contain its impact, recover critical operations and maintain customer trust. That requires continuous security monitoring, strong identity and access controls, rigorous third-party risk management, immutable and regularly tested backups, and incident response plans that are exercised rather than simply documented.

Most importantly, cyber resilience is now a business and board-level priority. Security investments should be measured not only by their ability to prevent attacks, but by how effectively they enable organisations to recover with minimal operational disruption and protect customer confidence when incidents occur."

Vehicles between 6 and 10 years old will have to undergo more frequent emission checks, while older vehicles will be monitored more closely. Read full report here

Retiring 15 years early doesn't just mean 15 fewer years of income. It means 15 more years of expenses, layered on top of an already longer lifespan. Read full report here

House of Student, a global student living technology company that operates the world's largest student housing marketplace with over 2.5 million verified student rooms across more than 25 countries, including the United Kingdom, United States, Australia, Canada, New Zealand, the UAE, Singapore and 18 European countries, has secured $2 million in seed capital through a combination of equity and debt investment. The round is led by Saltwater Sutra, a boutique investment banking group operating between New York and Mumbai, together with Nirmitsu Inspirational Ventures, and includes Gautam Verlekar, co-founder at Saltwater Venture Sparks; Glen Fernandes, Managing Director at Bank of New York Mellon; Richard McCallum, former Managing Director & CEO of the UK India Business Council; Ali Moosa, Executive Vice Chairman of Singapore Gulf Bank; and other strategic investors. The round also brings together existing investors from Unilodgers who have continued their support alongside these new strategic backers.

The funding will accelerate product innovation, supply expansion, AI capabilities, and global expansion as the company prepares for its next stage of growth.

House of Student was founded by Vaibhav Verma, who previously built Unilodgers, the world's first student housing marketplace, helping create an entirely new industry category that has since grown into a multi-billion-dollar global market. Built without external funding, Verma bootstrapped Unilodgers until its first institutional investment round, which valued the company at $109 million. For Verma, House of Student is not a second startup; it is the evolution of a mission that has remained unchanged for more than fifteen years. Today, that fifteen-year mission continues through House of Student.

Rajagopal Menon, Vice President, WazirX

"The RBI's decision to focus Finquiry on the tokenisation of financial assets is a positive step. India has already demonstrated its ability to build financial technology at scale through its digital payments infrastructure and the rapid digitisation of equity investing. Tokenisation could be the next important layer, reducing settlement friction, improving transparency and making certain financial assets more accessible. But these benefits will depend on clear rules around ownership, custody, consumer protection and interoperability. Sustained dialogue between regulators, fintech companies and digital asset participants will be essential to developing practical regulation that manages genuine risks without closing the door on useful innovation."

Growster, a Delhi NCR based growth-marketing agency known for helping brands scale through data-driven creative strategy, today announced the results of a year-long hypothesis test that it says points to a structural shift in performance marketing: as media buying grows more expensive and returns on ad spend (ROAS) come under pressure, creative output, not media spend, will be the primary lever brands can pull to stay competitive.

The agency is calling its approach Predictable Creative Volume, a system for producing a high, consistent cadence of ad creative designed to offset the declining efficiency of paid media. Growster says the model has already been tested and scaled with a roster of consumer brands, including SNITCH, OneGuardian Brands, VIRGIO, GoMechanic.in, Rubans, and Nishorama.

PureSil Paints today announced the national launch of PureSil Interior-Exterior Mineral Paint, introducing advanced Silicification Technology to India's decorative paints industry. Formulated as an ultra-sustainable, Zero-VOC coating, PureSil offers a healthier, high-performance alternative to conventional petroleum-based acrylics.

Developed by materials scientist Dr Nikhil Dhote (Ph.D., CSIR-NEERI) with over 15 years of inorganic chemistry expertise, PureSil's proprietary formulation utilizes silicate binders derived from rice husk ash and industrial fly ash - transforming abundant agro-industrial waste into premium architectural coatings.

Unlike conventional paints that glue a temporary film to a surface, PureSil's Silicification Technology chemically bonds with masonry. This breathable mineral matrix regulates moisture, delivers UV stability, provides A1 fire-rated protection, and naturally resists mould - maintaining pristine indoor air quality that is exceptionally safe for families and sensitive environments.

Rajagopal Menon, Vice President, WazirX 

"Exchanges have an important responsibility to maintain robust reporting standards, enable transparent record-keeping and help users meet their tax obligations with confidence. While the tax reporting framework remains unchanged from last year, accurate reporting is more important than ever. Investors trading across multiple exchanges often face the challenge of reconciling hundreds of transactions manually, increasing the likelihood of errors.

We've always believed accurate reporting shouldn't be a burden users carry alone. That's why we're doubling down on smart, automated tax-reporting with Taxlyst, so every trade, every transfer, and every taxable event is tracked and reported correctly. Accurate tax reporting also enables exchanges to provide better-quality data to reporting entities, supporting informed decision-making."

GoKwik, India's leading D2C commerce enablement platform, and PayU, India's leading diversified fintech platform, today announced the launch of India's first multi-brand D2C commerce experience integrated directly into ChatGPT.  The experience is now live with early D2C brands including Kriti Sanon's Hyphen, Beardo (men's grooming), and Kilrr (clean-label meat marinades), with hundreds more brands expected to join through the GoKwik ecosystem.

The agentic commerce stack allows hundreds of homegrown fashion, beauty, and wellness brands to become discoverable and "shoppable" within a single AI conversation. For the first time in India, consumers can ask ChatGPT for specific needs like "skincare products for my dry skin" or "self care gift hamper for my spouse" and complete the entire purchase journey (discovery, comparison, cart, checkout and payment) without leaving the chat interface. 

Indian shoppers currently spend hours every week toggling between brand sites, marketplaces and social feeds. D2C, the fastest-growing slice of Indian commerce, is also the most fragmented - with thousands of high-quality brands locked behind their own storefronts and individually low discoverability.  By turning AI into a "front door" for commerce, GoKwik and PayU are solving the fragmentation that has long hindered D2C discoverability. ChatGPT alone reaches over 700 million weekly users globally and with a fast-growing Indian base, the question for D2C founders is no longer whether to be on AI surfaces - it is how to get there before competitors do.

Shobhit Mathur, Co-founder, Ionic Wealth

"Widening access to sophisticated wealth management for India's affluent investors is an important step in the evolution of the investment ecosystem. The proposed reduction in the PMS investment threshold can help bring professionally managed portfolios to a much larger set of investors who have so far relied on distributors or managed their investments on their own. It gives them access to the same disciplined investment process and complete alignment of interest that has traditionally been available only at much higher investment levels.

What is equally important is how this proposition evolves. A mutual fund-only PMS should not be viewed as another distribution wrapper, but as a true portfolio management service where every investment decision is guided by portfolio strategy. With mutual funds as the underlying, portfolio churn is also likely to remain lower, making tax reporting simpler for investors. It also gives portfolio managers greater flexibility to use instruments such as ETFs and SIFs where they can improve portfolio outcomes, while making quality portfolio management more accessible."

In cities, rising car ownership costs and the growth of app-based mobility services are making many people rethink the decision of buying a vehicle. Read full report here

Avinash Shekhar, Co-Founder & CEO, Pi42

"Bitcoin is currently trading around $64,500, and while volatility is likely to persist in the near term, long-term fundamentals remain intact as institutional adoption, ETF participation and broader digital asset infrastructure continue to strengthen. Investors should avoid reacting to short-term macro headlines or daily price swings and instead maintain a disciplined, long-term investment approach. Staggered allocations, prudent position sizing and a focus on fundamentally strong assets can help investors navigate periods of uncertainty while staying aligned with the broader growth trajectory of the digital asset ecosystem." 

Harish Vatnani, Head of Trade, ZebPay

Ethereum has entered a short-term consolidation phase after failing to sustain momentum above the recent swing highs. Since last week's report, ETH successfully rallied toward the $1,980-$2,000 resistance zone, but buyers were unable to achieve a decisive daily close above this major psychological level. Profit-taking emerged near the trendline resistance, leading to a mild pullback. 

At the time of writing, ETH is trading around $1,873, remaining above the key $1,840-$1,850 support zone that previously acted as breakout resistance. Although momentum has cooled, the broader bullish market structure has not yet been invalidated. 

Technical Analysis 

Over the past week, Ethereum attempted to extend its rally after confirming the breakout above $1,850. The move reached the underside of the long-term descending trendline near $1,980, where sellers stepped in and rejected higher prices. 

Despite this rejection, an important technical development occurred during the pullback. Price revisited the previous breakout area around $1,850 (highlighted on the chart) and buyers once again defended this zone, producing another successful retest. This indicates that former resistance continues to act as support, a sign for the medium-term trend. 

However, the inability to break above $2,000 has resulted in a series of smaller-bodied candles, suggesting indecision between buyers and sellers. Momentum has slowed compared to last week, and Ethereum is currently consolidating just above support rather than continuing its impulsive advance. 

The daily chart continues to maintain a sequence of higher lows, meaning the broader bullish structure remains intact. Nevertheless, buyers now need to reclaim the $1,930-$1,950 region before another challenge of the $2,000 resistance becomes likely. 

Volume has also moderated following the breakout, which is typical after a strong directional move. The next expansion in volume will likely determine whether Ethereum resumes its uptrend or enters a deeper correction.

Outlook 

The short-term bias remains cautiously bullish, but confirmation is still required. 

If Ethereum continues to hold above the $1,850 support zone, buyers may attempt another move toward $1,950, followed by a fresh test of the $2,000 psychological resistance. A convincing daily close above $2,000 would likely accelerate momentum and open the path toward $2,100-$2,200. 

On the other hand, if sellers push the price below $1,850 on a daily closing basis, the recent breakout would lose strength. In that scenario, Ethereum could retrace toward the next demand area around $1,750, where stronger buying interest may emerge. 

For now, the market appears to be taking recent gains rather than signaling a confirmed trend reversal. 

At the time of writing, ETH was trading at approximately $1,873.  

Summary: Ethereum has transitioned from a strong breakout phase into consolidation. The rejection near $2,000 has temporarily slowed bullish momentum, but buyers continue to defend the crucial $1,850 support established during last week's breakout. As long as this support holds, the overall daily structure remains positive, and another attempt toward $2,000 remains the higher-probability scenario. A decisive break above that level would strengthen the bullish outlook, while a close below $1,850 would increase the likelihood of a deeper corrective move."

EcoScapes Landscaping has been in the landscaping industry for close to two decades, offering complete outdoor development services along with landscape architectural designs, and announces their strategic association with Fluidra India, an international leader in pool and wellness equipment. With this association, Fluidra India would be the only authorized provider for all types of bio swimming pool systems, equipment, and specialised materials used in EcoScapes' luxurious residential, commercial and hospitality projects.

The need for luxury outdoor living spaces, including villas, wellness retreats and luxury resorts, is increasing in India day by day; and with this collaboration, EcoScapes' complete designing and implementation skills would come together with Fluidra's advanced and sustainable aquatic technologies.

In cities, rising car ownership costs and the growth of app-based mobility services are making many people rethink the decision of buying a vehicle. Read full report here

The Thesis

The US-Iran ceasefire - holding through a third consecutive day with Qatari and Omani mediators in Tehran - has driven Brent crude sharply below $90, compressing the risk premium embedded in Indian equities since late June. FMCG input costs deflate as crude retreats, while India VIX's 9.76% collapse signals risk appetite is returning. DII buying of Rs 2,329 Cr against FII selling confirms domestic capital is defending a structural thesis, not chasing a bounce.

Where We're Concentrated

The basket anchors in consumer staples - ITC carries the highest conviction, with crude-cost deflation lifting FMCG and agri-business margins while hotels optionality adds upside. Chemicals and fertilisers add industrial depth: Deepak Fertilisers benefits directly as crude retreats, compressing feedstock costs. The metals leg (Tata Steel) re-rates on India's capex cycle gaining momentum as the geopolitical crude-risk premium unwinds. Thesis breaks if the US-Iran pause fractures - Houthi drone strikes on Saudi Abqaiq this weekend are the live wildcard.

Conviction Picks

Highest Conviction

ITC Ltd.

Crude cost deflation lifts FMCG margins while hotels and agri-businesses re-rate on improving domestic demand.

Tata Consumer Products

Staples demand inelasticity plus falling freight and packaging costs drives margin expansion as input headwinds reverse.

Deepak Fertilisers

Crude as feedstock deflation cuts production costs directly; domestic farm demand provides stable offtake.

Tata Steel

India capex re-rates as geopolitical crude-risk discount unwinds; domestic infra order book absorbs any export demand softness.

Samvardhana Motherson

Auto ancillary exports rebound as European auto demand recovers; crude drop supports two-wheeler feeder volumes in rural India.

One Thing to Watch

Brent below $88 Sustained there validates the inflation-relief trade and opens FMCG earnings upgrades; a Houthi-driven reversal above $95 or ceasefire breakdown resets the full thesis overnight.

Emergencies will come without warning. The only thing families can control is whether their finances are ready when they do. Read full report here

Gaurav Udani - Founder - ThinCredBlu securities 

Nifty is expected to open slightly lower around 23,950, down nearly 50 points, indicating a cautious start amid mixed global cues.

The index continues to trade near an important technical zone, making today's session crucial for short-term direction. 23,800-23,900 remains the immediate support range, while 24,100-24,200 will act as the key resistance zone.

A sustained move above resistance could improve sentiment and trigger fresh buying, while a break below support may invite renewed selling pressure.

With global developments and ongoing earnings announcements likely to influence market sentiment, traders should remain cautious and avoid aggressive positions at the open.

A disciplined, level-based approach remains advisable until Nifty delivers a decisive breakout above resistance or below support."

Riya Sehgal, Research Analyst, Delta Exchange

Crypto and broader risk assets are under pressure as investors reduce exposure ahead of the July 28-29 Federal Reserve meeting. Bitcoin has fallen sharply toward $63,000, triggering a significant unwinding of leveraged positions. According to CoinGlass data, 165,529 traders were liquidated over the past 24 hours, with total liquidations reaching approximately $682.25 million in crypto market.

Technically, Bitcoin's break below the $64,300-$64,700 moving-average cluster has weakened its four-hour structure. The $62,800-$63,000 area is the first key demand zone; a sustained break below it could expose $62,300, followed by the broader $61,300-$61,900 region. Ethereum is similarly testing support near $1,860 after rejecting from $1,960-$1,980 and must reclaim $1,910 to stabilise its near-term outlook.

The pressure extends beyond crypto. Technology equities and precious metals remain vulnerable to a firm US dollar, elevated real yields and uncertainty surrounding the Fed's inflation outlook. Near-term volatility is likely to remain high. A softer-than-expected policy signal could trigger a relief rebound, while hawkish guidance may keep rallies vulnerable and prolong the current deleveraging cycle.

BTC briefly moved toward $66K as improving sentiment across US equities followed a pause in US-Iran strikes. However, elevated Treasury yields continue to limit broader risk appetite. BTC and ETH have outperformed equities in July, gaining approximately 11.6% and 24.6%, respectively. BTC also held above its 21-day and 50-day moving averages near $64.3K and $63.3K, preserving short-term support. Momentum remains limited, and a sustained move above the $66K-$67K resistance zone is needed to confirm stronger buying interest and improve the near-term outlook.

Akshat Siddhant, Lead quant analyst, Mudrex

Crude oil has retreated to around $82 a barrel, its lowest level in a week, after the US paused strikes on Iran and both sides resumed diplomatic talks, reversing last week's rally above $100. While easing geopolitical tensions would typically support precious metals, gold has slipped to around $4,050 an ounce and silver to nearly $57. Markets are instead focusing on monetary policy after concerns around the Federal Reserve raising interest rates this week. With investors pricing more than a one-third chance of a rate hike, oil's ability to hold above $80 will remain a key indicator of geopolitical risk.

Akshat Siddhant, Lead quant analyst, Mudrex

Bitcoin came under renewed selling pressure ahead of the FOMC meeting, slipping to around $63,000 as investors reduced exposure to risk assets before the Federal Reserve's policy decision. Markets are adopting a cautious stance, with traders reassessing interest rate expectations and positioning for potential volatility. Adding to the pressure, the US 10-year Treasury yield climbed 14 basis points, increasing the appeal of fixed-income assets relative to crypto. The Federal Reserve's guidance will determine Bitcoin's near-term direction. A pause accompanied by a balanced or dovish outlook could support a rebound toward the $66,000-$68,000 range, while a hawkish surprise may trigger a decline toward the $61,000 support level.

Nischal Shetty, founder, WazirX

"Bitcoin remains under pressure as investors balance easing geopolitical tensions against lingering macro uncertainty ahead of this week's U.S. Federal Reserve meeting. Softer oil prices and a pause in the U.S.-Iran conflict have improved overall risk appetite, helping crypto recover from recent weakness. However, over $465 million in spot Bitcoin ETF outflows at the end of last week suggest institutional conviction remains fragile. On the positive side, continued Ethereum accumulation by treasury firms highlights sustained long-term confidence in the sector.

Bitcoin is trading around $63,050, remaining under pressure after recent weakness. According to analysts, the immediate support zone lies between $62,500 and $62,800. Holding this range could encourage buyers to step in and support a short-term recovery, while a decisive break below it may accelerate selling pressure and trigger long liquidations. On the upside, $64,000-$64,200 remains the first resistance zone, with a sustained move above it needed to improve near-term sentiment.

Ethereum is trading near $1,871, with price action remaining relatively resilient despite broader market volatility. For futures traders, the immediate support lies around $1,840-$1,850, while $1,900-$1,920 serves as the key resistance zone. Beyond price levels, traders should closely monitor funding rates, open interest and trading volumes, as these indicators can help confirm whether any breakout has genuine momentum or is likely to fade."

Zaggle Prepaid Ocean Services Limited (NSE: ZAGGLE | BSE: 543985), India's leading Spend Management and SaaS-led FinTech platform, today announced a strategic partnership with Daimler India Commercial Vehicles (DICV) to enable a digitally integrated payment and credit ecosystem for BharatBenz fleet operators across India.

Under the partnership, Zaggle will deploy its Zaggle Zatix Fleet Expense Management Platform integrated with the Zaggle Corporate Credit Card Program for DICV's fleet partners, enabling a seamless, technology-driven solution for managing fleet operating expenses. The collaboration 

combines DICV's extensive BharatBenz dealer and service ecosystem with Zaggle's AI-powered spend management and payments platform to deliver greater financial control, operational efficiency and working capital optimization for fleet businesses.

Daimler India Commercial Vehicles currently serves a nationwide ecosystem of BharatBenz Trucks with over 400+ service touchpoints and more than 200,000 commercial vehicles operating on Indian roads. 

Rajesh Palviya, Head of Research, Axis Direct

The Nifty 50 ended its five-session losing streak on Monday, rallying 228.50 points (0.96%) to close at 23,995.95, while the Sensex advanced 776.01 points to 76,835.78. The recovery was broad-based, with all 16 sectoral indices finishing in the green as easing geopolitical tensions in the Middle East triggered a sharp decline in crude oil prices, easing concerns over inflation and India's import bill. Sentiment improved further with India VIX tumbling 9.8% to 12.66, signalling a meaningful cooling in market volatility. Globally, Wall Street delivered a mixed performance as lower oil prices supported the Dow Jones, while renewed weakness in semiconductor stocks weighed on the Nasdaq, keeping the S&P 500 largely unchanged.

Asian markets, however, have opened on a cautious note, with technology-heavy indices under pressure following another sell-off in global chipmakers. Despite the weak regional cues, the continued decline in Brent crude-now comfortably below recent highs-remains a significant macro tailwind for Indian equities. GIFT Nifty is indicating a largely flat opening, although softer Asian sentiment could temper early gains.

From a technical perspective, the market has regained some confidence, but sustained follow-through buying is essential for the recovery to strengthen. The Nifty continues to find immediate support around the 23,850 mark, below which the index could drift towards 23,700. On the upside, 24,150 remains the first resistance, while a decisive move above 24,400 would be required to restore a stronger bullish structure. With the US Federal Reserve policy decision due on Wednesday, investors are likely to remain selective, keeping overall positioning cautious. If crude prices remain subdued and global technology stocks stabilise, the domestic market is well placed to extend its rebound.

Vikram Subburaj, CEO, Giottus.com

Bitcoin was trading around $65,000 on July 28, extending its recovery from the early-July low near $57,750 but continuing to struggle below a key resistance zone.The world's largest cryptocurrency has regained more than 12% from its monthly low. However, the rally has lacked strong conviction. Bitcoin is still struggling to make a decisive move above the $68,000 level. Institutional inflows remain subdued. Macroeconomic uncertainty is also keeping investors cautious and limiting risk appetite.

The immediate technical picture remains finely balanced. Bitcoin has established $64,000-$65,000 as its first support zone, followed by stronger support around $62,500-$63,000 and the psychologically important $60,000 level. The $66,800-$68,000 range is the first major resistance level for Bitcoin. If Bitcoin moves above this range, the next key level is $69,000-$70,000. A strong close above $69,000-$70,000 could indicate fresh bullish momentum. It would also improve the medium-term market outlook.

Institutional demand has softened after a strong run earlier this month. US spot Bitcoin ETFs attracted robust inflows during mid-July before witnessing two consecutive sessions of sizeable outflows last week as investors booked profits near resistance. Although cumulative ETF inflows remain positive for the month, the pace has slowed recently. This moderation has limited Bitcoin's upward momentum. As a result, Bitcoin has been unable to break above key resistance levels despite improving market sentiment.

On-chain metrics remain considerably healthier than price action suggests. More than 60% of circulating Bitcoin supply has remained dormant for over one year, while exchange reserves continue to hover near multi-year lows. This indicates that long-term holders are largely unwilling to distribute coins despite recent volatility. The persistent decline in exchange balances continues to reduce immediately available selling supply, providing structural support even as ETF demand softens.

Among large-cap cryptocurrencies, Ethereum remains one of the stronger large-cap cryptocurrencies. It is trading near $1,893 and is performing better than most major altcoins ahead of the Fed meeting. Solana is also performing better than Bitcoin, gaining around 1.7% during the session. Meanwhile, XRP and BNB are moving in line with the overall market as investors remain cautious.

The market's immediate focus is the 29 July Federal Reserve policy decision, where futures markets overwhelmingly expect policymakers to leave interest rates unchanged. Investors will instead scrutinise Chair Jerome Powell's guidance on the timing of potential rate cuts. Markets will next watch the US GDP, inflation, and jobs data. These reports could affect the US dollar and market liquidity. This could also impact cryptocurrencies and other risk assets.

Our advice: For investors, patience remains the prudent approach. A convincing move above $68,000-$70,000 would strengthen the bullish case, while a break below $64,000 could trigger another test of lower support levels. Until macro uncertainty eases and institutional demand regains momentum, staggered accumulation and disciplined risk management remain preferable to chasing short-term price swings.

Vaishali Patel, Senior Manager - Research- Technical Department at Jainam

The Nifty 50 opened with an upward gap, gaining 228.50 points (0.96%) and close at 23,996 supported by broad-based buying across pharma, jewellery and IT stocks. US markets ended mixed overnight ahead of the Federal Reserve policy decision, which is expected to set the near-term direction for global equities.

Asian markets traded mostly higher on optimism over China's policy support measures and positive regional sentiment. Crude oil prices traded lower as easing geopolitical concerns and expectations of stable global supply weighed on sentiment. GIFT Nifty indicates a flat start for domestic equities.

Technically, the Nifty has reclaimed the crucial 24,000 level, and the near-term bias remains positive as long as the index sustains above the 23700 support zone. The immediate hurdle is placed in the 24,200 range, and a decisive breakout above this zone could trigger fresh short covering and pave the way towards 24400. On the downside, any breach below 23,800 may weaken the current momentum and drag the index towards 23,600. Overall, the strategy remains buy on dips while the Nifty holds above the 23,800 mark.

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At the close on Monday, the total market cap of all BSE Sensex companies stood at Rs 4,80,41,082.