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The market kicked off Monday in celebration mode as the Sensex rallied over 200 points, while the Nifty crossed 24,900. On the surface, it looked like a textbook bull run. But dive a little deeper, and it’s clear not everyone’s partying.
While large-caps like Airtel, HDFC Bank and Bajaj Finance led the charge, the mid- and small-cap space told a different story – one of caution, not cheer.
What’s moving the market today
- Sensex ended the morning session up by 600 points
- Nifty 50 held above 24,900
- Tata Motors fell nearly 4 per cent after JLR warned of margin pressure
- SpiceJet soared over 5 per cent on a strong 173 per cent jump in Q4 net profit
- ONGC and Oil India edged up with crude prices trending higher
So what’s fuelling the rally—and the fear?
On one hand, foreign investors are slowly coming back after being net sellers for most of June. Domestic mutual funds continue to pump in capital, backed by record SIP flows.
But on the other hand, rising crude prices (thanks to renewed Middle East tensions) and stretched valuations in the broader market are giving investors pause.
Add to that a weak finish last week and a sense of ‘too much, too fast’ in smaller stocks, and you've got a classic case of a split market.
The takeaway
This isn’t a market-wide bull run. It’s a leadership rally, with a few large-caps pulling up the averages while the rest lag behind. That’s not a bad thing – it just means you need to be selective.
Stay in the game, but don’t bet the farm on euphoria.
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Disclaimer: This is not a stock recommendation. This story was created with the assistance of artificial intelligence and is intended for informational purposes only. Please take it with a pinch of salt and do your own research or consult a financial advisor before making investment decisions.
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