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Wall Street s main indexes opened higher on Monday, beginning a potentially turbulent week on a strong footing. Investors largely shrugged off hawkish Federal Reserve remarks and the looming government shutdown. The Dow, S&P 500, and Nasdaq all posted gains, rising 0.13%, 0.27%, and 0.54% respectively at the open.

The rupee rose 3 paise to 88.69 against the US dollar, trading in a tight range due to capital outflows and geopolitical developments. The RBI s upcoming policy meeting and potential intervention are closely watched amidst new US tariffs on drugs. Meanwhile, India s forex reserves dropped, even as domestic equity markets rebounded.

Indian equities will likely stay range-bound this week. Nifty may retest 24,500 support levels. PSU banks will continue to outperform, with Indian Bank as a top pick. Traders can accumulate Indian Bank on dips. Titan and Hindalco will show upward movement. Traders should remain selective and focus on resilient sectors.

Gurmeet Chadha believes a uniform 10% long-term capital gains tax across equity, real estate, and fixed income could unlock fresh growth capital. He emphasizes patient investing despite FII selling and anticipates earnings-led turnaround supported by reforms.

India s heartbeat indices Nifty and the BSE Sensex ended negative on Monday recording their seventh successive loss led by selling pressure in auto, IT and pharma stocks.

Emkay Investment Managers Sachin Shah anticipates a strong market recovery, fueled by robust festive demand and potential GST rate cuts. He views the current correction as a buying opportunity, favoring private banks, NBFCs, and IT services due to structural tailwinds. Shah also highlights long-term growth in cement, driven by domestic consumption and infrastructure spending.

JM Financial initiated coverage on Vishal Mega Mart with a ‘Buy’ rating and Rs 175 target, citing strong presence in Tier 2 towns, high private label contribution (~73%), asset-light model, and growth potential via store expansion. Robust revenue and margin outlook positions VMM as a compelling retail investment.

Tata Group has lost over $75 billion in 2025, hit by US visa restrictions, a cyberattack at Jaguar Land Rover, and trade headwinds. TCS and Tata Motors led declines, while 12 of 16 listed firms fell. Tata Steel rallied 25% YTD, partially offsetting losses.

Euro zone government bond yields dipped on Monday ahead of key data releases this week from Europe and the United States, while Spanish yields edged down after the country received two sovereign ratings upgrades on Friday.