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.

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

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