Founder thoughts — 26 June 2026

Today's market action reveals a noteworthy trend: metals are outperforming, with the power sector also making significant gains. Conversely, sectors like IT and banks are struggling, which indicates a mixed bag for the broader market. Despite the rally in certain sectors, we’re yet to see a definitive signal of recovery across the board.

Looking ahead, the expectation is for public sector banks to take the lead, joined closely by the auto sector. Retail investors should closely monitor these sectors, particularly the movements in public sector banks. As we anticipate a potential target for Nifty reaching 24,000, followed by a pullback to around 23,700 before possibly soaring to 24,800 by early April, it's essential to have an informed strategy in place.

For investors, focusing on metal and power stocks could be fruitful in the short term, while keeping an eye on how the lagging sectors perform in the coming days. Diversifying within these leaders while being cautious of the underperformers will allow for a balanced approach in navigating these volatile times. Always ensure to stay updated with global cues that might impact local sentiments, especially as we approach the end of the fiscal year.