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The Nifty Auto index was trading 0.29 per cent down at 20949.0.

Jitendra Sriram, Senior Fund Manager at Baroda BNP Paribas MF, discusses the shift from fiscal and monetary tightening to easing, boosting market performance. He sees potential in banking sectors due to reasonable valuations and re-rating opportunities in consumer services and private banks, while capital goods and markets could face derating. Earnings outlook for FY26 looks more favorable.

The Indian rupee posted its sharpest single-day drop in two weeks on Monday, pressured by dollar bids spurred by the maturity of positions in the non-deliverable forwards (NDF) and weakness in the Chinese yuan.

Shares of Ola Electric Mobility dropped 5% to Rs 53.78 on Monday after a report revealed the company faced raids and seizures for alleged regulatory violations. Bloomberg highlighted that 95% of its showrooms lacked the necessary certifications under India s Motor Vehicles Act. Despite expanding to 4,000 stores, only around 100 out of 3,400 showrooms had proper trade certificates.

Stock Market Highlights: Indian benchmark indices ended in the red on Monday, with Nifty snapping a three-day winning streak, as declines in heavyweights Reliance Industries and IndusInd Bank weighed on the benchmarks and as uncertainty surrounding U.S. tariffs continued to dampen sentiment.

Aletheia Capital’s Chief Economist, Jim Walker, predicts a 10% decline in the US dollar, a painful but manageable economic slowdown, a long-term bullish trend in copper, and strong growth for Indian equities. He urges investors to double down on India, citing stable policies and economic expansion.

European shares were flat on Monday as investors took a breather after a week of high volatility due to uncertainties around U.S. tariffs.

China and Hong Kong stocks declined on Monday as mounting deflationary pressures heightened concerns over the country s economic recovery amid escalating global trade tensions.

Fund manager Samir Arora argues that the current market downturn is a valuation reset, unlike the financial crises of 2000 and 2008. Heavy FII selling, global slowdown fears, and high valuations continue to pressure equities. Despite a recent market recovery, analysts warn of further corrections, especially in small and mid-cap stocks.