27/06/2026
SENSEX +1.44% for June. The month's most boring number — and its most misleading. ⚖️
Under a flat tape, the market split in two:
📉 IT dragged the most. Accenture's ~$400M Middle-East warning cued a sector selloff — Infosys −7.9% in a single session (19 Jun). IT's weight in the Nifty is now below 7.6%, a record low since 2002 (it was a fifth of the index at its peak).
📈 Autos lifted the most. Brent fell ~37% from its May peak to ~$73 — trimming fuel and input costs at once. On expiry day Maruti, M&M, Tata Motors, Ashok Leyland, Eicher, TVS and Hero rose 2–3%. SIAM May: 2-wheelers +14.8%, scooters +27.4%.
The two nearly cancelled → +1.44%.
But the part most feeds skip:
The other side (autos): part of that sales jump rides a weak 2025 base — not pure fresh demand. To truly outperform, autos need festive-season demand and an RBI rate cut, not cheaper crude alone.
Our read (IT): don't call the bottom on price. IT is washed out and under-owned, but Accenture's caution is fundamental and AI disruption looks structural. The real tell is guidance — TCS reports 9 Jul, Infosys 23 Jul. That's what separates a washout from a value trap.
Expiry itself: Sensex was up ~500 intraday, then pinned ~100 pts above max pain (77,000) into a long weekend; VIX −2.5%. A low-conviction close.
A recovery, not a breakout.
📲 IG .trade · TG t.me/kuberTrade_official · YT
Educational. Not investment advice. Derivatives carry risk.