Prashanth Tapse, Senior VP (Research), Mehta Equities
Nifty bulls regained some momentum in Monday’s trade, ending 222 points higher at 24,585, while Bank Nifty closed at 55,511. The market now eyes the key 25,000 level amid expected volatility ahead of US and India CPI data due Tuesday, and the Trump–Putin summit on Friday. Sentiment is buoyed by record mutual fund inflows of Rs 42,672 crore in July, with SIP contributions at Rs 28,464 crore and total AUM crossing Rs 75.36 lakh crore.
SBI, Tata Motors, and HBL Engineering led gains, while PSU oil marketing companies HPCL and BPCL may remain in focus after the government approved Rs 30,000 crore in compensation for LPG losses.
Preferred trades: Nifty buy zone 24,450–24,475 with targets 24,700–25,300; Bank Nifty buy zone 55,200–55,300 with targets 55,850–56,600.
Stock spotlight: bullish on HPCL, BPCL, Maruti, and Prestige Estates for an inter-week uptrend.