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Shares of Apollo Micro Systems surged 4% on Monday, hitting a lifetime high and gaining nearly 25% in the last five trading sessions. The defence-focused technology company has doubled investors’ wealth since January and delivered over 500% returns since its 2018 listing. It supplies mission-critical systems for India’s submarine programme, aerospace, and homeland security, boosting indigenisation and strategic capabilities.

China and Hong Kong stocks jumped on Monday, led by the rare earth and property sectors, extending the recent bull run as abundant liquidity continued to fuel gains.

Dalal Street anticipates a busy day as Patel Retail, Vikram Solar, Shreeji Shipping, and Gem Aromatics debut on the stock exchanges. Patel Retail leads with an 18% GMP and record subscription, followed by Vikram Solar at 14% and Shreeji Shipping at 13%. Gem Aromatics posts a modest 8% GMP, with strong institutional and retail interest potentially driving positive listing gains.

Nazara Technologies’ sharp 26.6% fall wiped out over Rs 100 crore in combined mark-to-market wealth of Nikhil Kamath and Madhusudan Kela within four sessions, while Rekha Jhunjhunwala had fully exited earlier, avoiding steep losses amid regulatory concerns.

Rajesh Bhosale notes that with a truncated week and monthly expiry, the market is likely to consolidate before making any significant moves.

The Indian bond market remains volatile post-RBI policies, with fiscal concerns and global slowdown adding pressure. Analysts highlight opportunities in selective short- and long-duration bonds, supported by favorable macro conditions and potential future rate cuts amid measured fiscal stance.

The Indian REIT market is on a growth trajectory, driven by expanding portfolios, strong occupancy rates, and healthy WALE levels, according to ICRA Analytics. Leading office REITs — Brookfield India REIT, Embassy REIT, and Mindspace Business Parks REIT — show robust fundamentals, tenant retention, and lease stability. Rising investor confidence and supportive regulations position REITs as a compelling income-generating asset class.

BlackRock paused fundraising for its third Asia-Pacific private credit fund following its merger with HPS Investment Partners, adding uncertainty to its regional ambitions. This pause comes amid broader challenges, including a key investor considering stake sales due to disappointing fund performance.

Mahendra Jajoo says a Fed rate cut may not lower long-term yields significantly, citing inflation, supply concerns, and cautious market sentiment. He highlights narrowing India-US bond spreads, rupee stability despite FPI outflows, and sees modest rupee appreciation likely as global and domestic factors shape markets.

The Indian rupee gave up early gains to end lower on Monday as concerns over steep tariffs on Indian goods spurred dollar demand, with importer bids adding pressure.