🛎️ Morning Bell – 5th August 2025

Global cues were mixed going into Monday’s trade. US indices ended slightly lower, with the Dow slipping on rate concerns while tech held firm. Gift Nifty hinted at a flat to mildly positive start. Brent crude stayed subdued near $80.70, providing macro stability, while the dollar index corrected towards 99 — supportive for INR. On the domestic front, July’s auto sales numbers came in strong, especially from PV and 2W segments. GST collection held firm above ₹1.72 lakh crore, showing healthy consumption. FMCG management commentaries have turned positive on rural demand — a key signal for market sentiment. FII turned buyers again with a net inflow of ₹398 crore, while DIIs remained supportive with ₹256 crore buying. This institutional backing is likely to cushion dips. Stock-specific focus remains high:

, , , Coal India posted results — broadly in line to positive. remained in momentum after strong buying in previous sessions. Pharma & IT stocks may gain traction amid defensive rotation. Technically, Nifty faces resistance near 24,800–24,880 zone while support lies at 24,600–24,500. Bank Nifty needs to reclaim 56,200 to show strength, with immediate support at 55,500. Max pain for the day was near 24,700 (Nifty) and 56,000 (Bank Nifty), suggesting a narrow expiry buildup ahead of RBI policy week. Tone for the day: Consolidation with stock-specific momentum. Traders likely to stay cautious ahead of RBI meeting; realty, auto, and FMCG may remain in focus.