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Indian markets fell almost 3% on Monday, reflecting concerns over economic slowdown and global issues. Rupiah fell to an all-time low as uncertainty looms around RBI Policy amidst recession fears. Important companies like Tata Power and Vedanta are set to declare their Q1 results on Tuesday.

Indian equities and the rupee fell sharply due to global market turmoil and recession fears. The Sensex dropped over 2,200 points while the Nifty declined considerably. Global concerns, including recession threats in the US and geopolitical tensions, contributed to the market decline. Bond yields decreased amid expectations of an earlier US Federal Reserve rate cut.

Japan’s recent interest rate increase led to market pullbacks from international investors. The unwinding of leveraged trades added volatility to US and emerging markets. Concerns about US unemployment and inflation pressures prompted these moves, despite strong corporate balance sheets and liquidity levels remaining stable.

Brainbees Solutions, owner of the popular retail platform FirstCry, launched a ₹4,193 crore IPO with new shares and existing shares being sold by institutional investors like Softbank. The funds raised will help expand retail stores and warehouses. Despite being loss-making, the company has shown significant revenue growth, indicating strong business potential.

Sebi proposed an accelerated process for crediting and trading bonus shares, suggesting T+2 trading from the record date. This aims to minimize investor risks from market fluctuations caused by delayed bonus share credits. Currently, crediting and trading these shares can take up to 2-7 working days after the record date, lacking consistent timelines.

​We could see a rate cut much before than what market thought it probably would be September. So, broadly the bond yields have fallen. I think there will be some softening of bond yields which I think is very positive for the market, especially financials and rate sensitives, so that is one focus area and that is segment which has relatively underperformed.

Rajesh Palviya of Axis Securities has noted that both Nifty and Bank Nifty are weak, recommending short positions until specific levels are reached. He mentioned that global economic pressures and potential interest rate cuts by the Fed are being closely watched. IT and automobile sectors may continue to experience volatility.

HNIs, by virtue of them seeking absolute returns are not worried if they let go of a percent of upside here and there and they are more concerned about capital protection hence they hold cash on the sidelines when markets are stretched and they will be in no hurry to deploy it en masse in the markets because of this shallow correction.

Brainbees Solutions, which operates FirstCry, raised Rs 1886 crore from 71 anchor investors ahead of its IPO opening. Key investors include SBI Mutual Fund, HDFC Mutual Fund, and Goldman Sachs. The funds will be used for new stores, global expansion, and marketing. The company reported a 15% revenue growth and reduced losses by 34% in FY24.

Seven stocks from the BSE500 index reached their highest prices of the past year.​