Founder thoughts — 23 June 2026

The Indian stock market continues to show a mixed performance as we navigate through current macroeconomic conditions. Today, metals have emerged as the standout sector, with both performance and momentum. Following metals, the auto sector also showed resilience, while IT and banking stocks lagged, reflecting ongoing sector rotations. The broader market, however, remains cautious and hasn't yet shown clear signs of recovery, keeping retail investors on their toes.

Interestingly, the power sector is also performing well today, indicating potential investment opportunities. As we look ahead, there is a forecast of public sector banks taking the lead, driven by necessary reforms and government support, along with continued strength from the auto sector.

From a technical perspective, Nifty's trajectory could see it hitting 24,000 before encountering some resistance and retreating to 23,700. However, if we maintain this upward momentum, a target of 24,800 is feasible by the end of this month into early April.

For retail investors, it might be prudent to focus on quality stocks in the metal and power sectors, as they show strong performance indicators. Keep an eye on public sector banks, as any positive news could offer entry points. Diversification and a keen understanding of sector trends will be key to navigating this evolving landscape.