10/06/26, Nifty Bank weekly graph

10/06/26, Astra Micro Stock

 Astra Microwave Products: This Vendor Built 90% ISRO Electronics

Astra Microwave Products has been a key partner in building these indigenous space based  surveillance systems. Astra has been actively engaged in India’s space program for 25 years.

Why Astra’s 25-Year Link to ISRO Positions It for the Private Satellite Chunk  

Astra has acted as a highly trusted supplier to the Indian Space Research Organisation (ISRO) and the Space Applications Centre (SAC). It provides specialized RF components for both satellites and launch vehicles.

The space and meteorology segments contributed approximately 16% of revenue during FY26. On the other hand, Sales to ISRO and the SAC accounted for 6.4% of revenue.

The company’s involvement in major projects is substantial. For example, when ISRO developed the RISAT (Radar Imaging Satellite) in 2015, Astra supplied 90% of the electronics for the project. To date, the company has contributed to the development of 25 satellites.

In Q4 FY26, Astra secured orders to supply checkout hardware for ISRO’s prestigious Gaganyaan mission. Further, Astra successfully delivered highly complex subsystems for a unique defence space program over the last year. And they anticipate repeat orders as the end-user plans to build an entire constellation of these defence satellites.

Beyond space, Astra is a Tier-1 systems manufacturer in the surveillance space. It has delivered complete ground-based surveillance radar systems, active antenna array units for platforms like the Su-30 and Light Combat Aircraft, and various tracking radars to the DRDO and the Indian military.

Corporate Restructuring: Demerging to Unlock Space Value

Astra is restructuring its corporate framework to give the space sector undivided attention. It is demerging its Space, Meteorology, and Hydrology business undertakings into an independent entity. The spin-off aims to create a separate space- focussed business  and unlock shareholder value.

Astra aims to move up the space value chain and launch its own basic satellite within the next 2-3 years. To that end, it has begun recruiting personnel and setting up basic infrastructure for satellite integration at its Bengaluru facility.

Order Pipeline: Quantifying Astra’s FY27 Inflow Targets

As of March 2026, Astra standalone order book stands at a robust ₹2,141 crore. Management expects approximately ₹1,600 crores in total new order bookings for FY27. Of this, the space and meteorology segments are projected to contribute around 25%.

Astra stock graph 

Article by Madhavendra 

Source: FinancialExpress

10/06/26, Data Patterns(India)Limited

 Data Patterns: Targets 3-Year Backlog Shield

Data Patterns is strategically positioning itself to address immediate requirements in strategic space-based surveillance and mitigation. The company anticipates that these opportunities will substantially increase its revenue in the coming years.

Deep-Space Hardware: The Alpha and Bravo Radar Systems

Management emphasized that they are addressing these space-surveillance opportunities with large, complex systems. Data Patterns has developed these systems in-house and delivered them to customers.

This includes technological undertakings such as the Alpha Radar (S-Band Space Surveillance and Tracking Radar) and the Bravo Radar (UHF Bi-Static Radar). The company builds the Alpha Radar, one of India’s largest indigenous radar systems. The entire system is housed within a massive 20-meter spherical radome.

Turnkey Capabilities: Managing Infrastructure Beyond Electronics

The Bravo Radar is used to detect targets at distances of thousands of kilometers. Both systems detect deep-space targets at ranges of several thousand kilometers. The company provides these as complete turnkey solutions. This means Data Patterns takes responsibility not only for the radar electronics but also for all associated civil.

High Valuation vs. Execution: Data Patterns’ 3-Year Backlog Strategy

Management expects these strategic surveillance opportunities to help build a strong order book equivalent to at least 3 years’ revenue. Securing this level of backlog is intended to ensure “predictable growth” for the company over the long term. This aligns with its goal of achieving long-term revenue visibility.

In addition to these large-scale radar systems, it has a long-standing history of collaboration with ISRO. Their broader space and aerospace capabilities include the design and development of small and nano satellites, satellite subsystems, and ground stations. Notably, it successfully built a nano satellite that was deployed into space in 2017.

As of 15 May 2026, the company’s order book pipeline had grown to ₹2,062 crore, which includes both orders already received and those successfully negotiated. This is the largest order book in the company’s history, providing revenue visibility for years to come.

Data Patterns graph 

Article by Madhavendra 

Source: Financial Express 

10/06/26, Market For Today

The Nifty 50 bounced back with a half-percent rally after a 1 percent correction in the previous session, supported by the banking sector on June 9. Overall, the trend remains weak, as the index traded below all key moving averages. However, a recovery was witnessed with the formation of a bullish reversal-type pattern near the support level. According to experts, range-bound trading may continue until the index gives a strong and sustainable close above the 23,500–23,600 zone, which could increase the possibility of an upward move toward 23,800–24,000. Until then, immediate support is placed at 23,100, below which the 23,000 level will be crucial to watch.

 Levels For The Nifty50 (23,242):

Resistance based on pivot points: 23,275, 23,317, and 23,384

Support based on pivot points: 23,142, 23,100, and 23,034

👉: The Nifty 50 formed a small-bodied bearish candle with a long lower shadow, indicating buying interest at lower levels. This also resembles a Dragonfly Doji-type pattern on the daily timeframe, which is generally considered a bullish reversal signal. The index remains below all key moving averages, which are also trending downward. The RSI rose to 39.58 but remained below its reference line, while the MACD continued to trend downward and stayed below the signal line. However, weakness in the histogram faded. All these factors indicate a possible improvement in momentum, although the broader trend remains cautious.

Levels For The Bank Nifty  (55,195)

Resistance based on pivot points: 55,329, 55,583, and 55,994

Support based on pivot points: 54,507, 54,253, and 53,842

Resistance based on Fibonacci retracement: 55,809, 57,195

Support based on Fibonacci retracement: 53,687, 52,798

👉The Nifty Bank outperformed the Nifty 50 and rallied 2.09 percent, forming a long bullish candle on the daily charts. The index surpassed the previous week's high as well as its short- and medium-term moving averages, supported by above-average volumes. The RSI jumped to 55.48 and witnessed a bullish crossover, while the MACD remained above the signal line with rising green bars in the histogram. All these factors indicate strengthening bullish momentum and improving market sentiment.

Nifty50 Call Option Data:

According to the weekly options data, the maximum Call open interest was seen at the 24,000 strike (with 49.7 lakh contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 23,500 strike (41.8 lakh contracts) and 23,200 strike (35.49 lakh contracts).

Maximum Call writing was observed at the 24,000 strike, which saw an addition of 18.53 lakh contracts, followed by the 23,500 and 23,200 strikes, which added 18.46 lakh and 16.61 lakh contracts, respectively. There was hardly any Call unwinding seen in the 22,600-24,000 strike band.

Nifty50 Put Option Data:

On the Put side, the 23,200 strike holds the maximum Put open interest (with 45.1 lakh contracts), which can act as a key support level for the Nifty in the short term. It was followed by the 23,000 strike (34.99 lakh contracts) and the 23,300 strike (27.28 lakh contracts).

The maximum Put writing was placed at the 23,200 strike, which saw an addition of 25.66 lakh contracts, followed by the 23,000 and 22,600 strikes, which added 18.8 lakh and 17.44 lakh contracts, respectively. There was hardly any Put unwinding seen in the 22,600-24,000 strike band.

Bank Nifty Call Option Data 

According to the monthly options data, the maximum Call open interest was seen at the 55,000 strike, with 10.54 lakh contracts. This can act as a key level for the index in the short term. It was followed by the 54,000 strike (10.22 lakh contracts) and the 56,000 strike (8.71 lakh contracts).

Maximum Call writing was observed at the 55,200 strike (with the addition of 37,530 contracts), followed by the 55,500 strike (19,920 contracts) and 55,000 strike (13,650 contracts). The maximum Call unwinding was seen at the 54,000 strike, which shed 1.12 lakh contracts, followed by the 54,500 and 54,200 strikes, which shed 85,860 and 56,460 contracts, respectively.

Bank Nifty Put Option Data 

On the Put side, the 54,000 strike holds the maximum Put open interest (with 13.68 lakh contracts), which can act as a key support level for the index in the short term. This was followed by the 55,000 strike (8.82 lakh contracts) and the 54,500 strike (5.45 lakh contracts).

The maximum Put writing was placed at the 55,000 strike (which added 2.2 lakh contracts), followed by the 54,500 strike (1.43 lakh contracts) and 54,000 strike (1.21 lakh contracts). The maximum Put unwinding was seen at the 54,200 strike, which shed 17,160 contracts, followed by the 54,100 strike, which shed 9,210 contracts.

Report by SunilSankarSource:Moneycontrol, Network18 

10/06/26, Funds Allocation Fall

Foreign institutional investors' weight in India's two largest sectoral bets -- financials and information technology -- has sharply fallen, as sustained outflows since the start of 2026 and a broad market correction eroded both allocations and absolute holdings.

FII allocation to the IT sector stood at 5.6 percent of total equity holdings in May, the lowest level in NSDL data available since 2012. The allocation has fallen 185 basis points since the start of 2026 and nearly 500 basis points since the beginning of 2025. In value terms, FIIs held around $40 billion worth of IT stocks during the month, against roughly $60 billion at the start of 2026 and $81 billion at the beginning of 2025.

Meanwhile, FII exposure to financial stocks fell to a 16-month low of 29.5 percent in May, down 285 basis points from the start of 2026. In absolute terms, holdings stood at around $210 billion during the month, compared with $250 billion at the beginning of 2026.

Together, IT and financial stocks accounted for outflows of nearly $3 billion and $12.2 billion, respectively, according to fortnightly data on NSDL, so far in 2026 -- representing nearly 55 percent of the total FII equity outflow of $28 billion.

Financial stocks have faced headwinds from rising global inflation and surging crude oil prices, which have stoked broader domestic economic concerns. IT stocks, meanwhile, have remained under pressure due to a convergence of lowered revenue growth forecasts, structural disruption from artificial intelligence threatening traditional outsourcing models, and weak client spending -- particularly in the United States and Europe.

Market experts note that financial services and IT services carry a significantly higher weight in benchmark indices, reflecting both their market capitalisation and substantial FII ownership. As a result, broad-based risk reduction or basket selling by FIIs tends to disproportionately impact these sectors, resulting in higher reported outflows relative to the rest of the market.

Nirav Karkera, Fund Manager at Fisdom PMS and Head of Research, said that in financial services, a large share of the elevated selling is attributable to the sector's higher representation in FII portfolios through both strategic allocations and passive, index-linked holdings.

In IT services, he added, the sector has been undergoing a sustained derating cycle amid a challenging demand environment driven by a global economic slowdown, compounded by persistent geopolitical uncertainties and growing concerns over the impact of AI-led disruptions on future earnings and business models.

At the end of May, FII total equity assets stood at $710 billion, down 14 percent from $826 billion at the end of December 2025 and $831.49 billion at the end of December 2024.

Report by Ravindra Sonavane

source: Network18 

09/06/26, Operating Margin

 OPM% almost always refers to Operating Profit Margin, a core financial metric that indicates how much profit a company makes from its core operations before interest and taxes are deducted. It is calculated by dividing operating profit by revenue and multiplying by 100%. 

Financial Metric (Operating Profit Margin)

In the share market and corporate finance, a high OPM% indicates that a business is highly efficient at managing its day-to-day expenses, such as production, labor, and raw materials. 

Formula: \(\text{OPM\%} = \left( \frac{\text{Operating Profit}}{\text{Revenue}} \right) \times 100\)

09/06/26, PreMarket REPORT

Benchmark indices Sensex and Nifty are likely to open lower on Tuesday, with GIFT Nifty indicating a subdued start as investors remain cautious despite a rebound in Asian markets. Concerns linger over Middle East tensions, elevated crude oil prices and persistent foreign fund outflows.

GIFT Nifty was trading at 23,133 in early trade, down 45 points or 0.19 percent, indicating that the Nifty 50 could open below Monday's close of 23,123.

The weak indication comes after Indian equities extended their losses for a second straight session on Monday. The Sensex fell 719 points, while the Nifty shed 244 points as escalating tensions in West Asia, higher crude oil prices, weak global cues and continued FII selling weighed on sentiment.

However, global markets showed signs of stabilisation after Monday's sharp selloff. Asian equities rebounded on Tuesday as investors welcomed a temporary halt in hostilities between Israel and Iran and returned to beaten-down semiconductor stocks. MSCI's Asia-Pacific index outside Japan rose 0.9 percent, South Korea's KOSPI climbed 3 percent after Monday's 8 percent-plus plunge, while Japan's Nikkei edged up 0.3 percent.

Wall Street ended mostly higher overnight, with technology shares leading gains. The Nasdaq rose 0.86 percent and the S&P 500 gained 0.3 percent as investors bought semiconductor stocks after Friday's sharp correction. The Dow Jones slipped 0.16 percent. Markets also drew some comfort after Iran and Israel announced a temporary halt to attacks following an appeal from U.S. President Donald Trump.

Crude oil prices eased from overnight highs after the pause in hostilities. Brent crude was trading around $94 per barrel, while WTI crude hovered near $91 per barrel. Oil had surged as much as 5 percent on Monday before retreating after Iran announced the end of military operations against Israel.

Ponmudi R, CEO of Enrich Money, said Indian markets are likely to remain volatile with a cautious bias as the ceasefire between Israel and Iran has reduced immediate escalation risks but there is still no clarity on the broader U.S.-Iran diplomatic process.

He said crude oil prices remain elevated despite recent moderation, keeping concerns over inflation and import costs alive. Persistent foreign institutional selling also continues to cap upside potential for domestic equities, even as strong domestic institutional flows provide support.

Foreign institutional investors remained net sellers on June 8, offloading shares worth Rs 5,555 crore. Domestic institutional investors purchased equities worth Rs 5,165 crore, helping absorb much of the foreign selling pressure.

On the technical front, Ponmudi said the Nifty faces immediate resistance in the 23,250-23,300 zone, while the 23,000 level remains a critical support area. A sustained move above resistance could push the index towards 23,450-23,550, while a break below 23,000 could trigger further downside towards 22,800.

For Bank Nifty, resistance is seen in the 54,400-54,500 zone, while immediate support is placed between 54,000 and 53,800.

Source: Network18 

09/06/26, Tata Sons

Trustees of key Tata Trusts, including Sir Dorabji Tata Trust (SDTT) and Tata Education and Development Trust, met on Monday.

Sir Ratan Tata Trust (SRTT) did not hold a meeting as the trust continues to be subject to proceedings before the Maharashtra Charity Commissioner arising from complaints relating to the number of lifetime trustees.

A key contentious issue, trustee Venu Srinivasan's continuation as a nominee director on the Tata Sons board, was not discussed in Monday's meetings, people familiar with the matter said.

According to sources, the issue did not come up because SRTT, of which Srinivasan is also a trustee, did not meet.

The matter has assumed significance because Tata Trusts' nominees on the Tata Sons board are central to the holding company's governance structure. All key decisions must be approved by a majority of directors nominated by the Tata Trusts on the Tata Sons board.

Currently, Tata Trusts Chairman Noel Tata and Srinivasan represent the Tata Trusts on the Tata Sons board.

Moneycontrol had reported earlier that Tata was in favour of replacing Srinivasan with Bhaskar Beat, the former Managing Director of Titan, and a trustee of SDTT on the Tata Sons board.

Legal Maneuvering

But this has seemingly been stymied by the legal imbroglio surrounding SRTT. One of the complainants to the Charity Commission, alleging that SRTT's board should have 1 lifetime trustee instead of the current 3, is Srinivasan himself.

SDTT and SRTT are referred to as the major Tata Trusts and own a majority of Tata Sons.

Monday's meetings also come at a time when differences within sections of the trusts have sharpened over key governance issues, including the possible listing of Tata Sons and whether Tata Sons Chairman N Chandrasekaran would get a third term. While Tata Trusts chairman Noel Tata is opposed to listing the Tata Group's holding company, Srinivasan and another trustee, for bureaucrat Vijay Singh, have supported listing.

Share Transfer Allegations

The meetings were held days after Tata Trusts publicly rejected allegations made in a fresh complaint to the Maharashtra Charity Commissioner regarding the transfer of 833 Tata Sons shares to the late Naval Tata from the Navajbai Ratan Tata Trust in 1989.

The Trusts described the allegations as baseless, malicious and an attempt to damage the reputation of the institution and the Tata family. Naval Tata is the father of the late Ratan Tata, Jimmy Tata and Noel Tata.

Emails sent to Tata Sons and Tata Trusts seeking comment did not elicit any response till press time.

June 12 meeting

The meeting assumes significance because it comes just four days before the Tata Sons board meeting, where issues including Tata Sons Chairman N Chandrasekaran's possible third term, the listing of Tata Sons, and strategic calls, notably the future direction of long-gestation businesses such as Tata Digital, are expected to be discussed.

We had earlier reported that trustees would review businesses such as , Air India,  Tata Digital and Tata Elections.all of which continue to require substantial capital commitments despite remaining in investment mode.

Moneycontrol had also reported that Tata Trusts Chairman Noel Tata would share his observations following discussions at the 7Tats Sons board meeting on May 26 where executives from group companies had briefed directors on their businesses.

 At the board meeting held on may26 directors discussed the performance, investment requirements and profitability timelines of Air India, Tata Digital and Tata Electronics.

Air India remains the largest loss-making unlisted company within the Tata Group and is expected to require significant investments over the coming years towards fleet expansion, network growth, integration and operational turnaround.

Tata Electronics, meanwhile, is central to the group's semiconductor and electronics manufacturing ambitions and requires substantial upfront investments before generating meaningful returns.

Tata Digital, which houses businesses such as Tata Neu, BigBasket, Tata Cliq and Tata 1mg, continues to operate in highly competitive markets dominated by well-funded rivals.

Report by Deborshi Chalk,  Netwirk18

09/06/26, TradeSetup for 9/6/26

The Nifty 50 started the week on a negative note, falling 1 percent to close at a two-month low and extending its downtrend for another session on June 8. Bearish sentiment strengthened further, with the index closing below the lower Bollinger Band and all key moving averages trending downward, while momentum indicators also weakened. According to experts, the Nifty 50 is expected to remain range-bound, with the 23,000 level acting as immediate key support. A fall below this level could drag the index towards 22,700. On the upside, 23,300 is likely to serve as the immediate resistance, and a convincing move above it could open the door to the 23,500-23,600 zone.

1) Key Levels For The Nifty50 (23,123)

Resistance based on pivot points: 23,229, 23,275, and 23,351

Support based on pivot points: 23,078, 23,032, and 22,956

Special Formation: The Nifty 50 formed a small-bodied bullish candle with a long upper shadow on the daily timeframe after a gap-down opening, indicating pressure at higher levels. The index remained well below all key moving averages, which continued to trend downward, while it hovered near the lower end of the bullish gap formed on April 8. The RSI dropped below the 40 mark to 35.77, while the MACD remained below the signal line, accompanied by a further expansion in the red histogram bars. All these factors indicate that bearish momentum remains intact and the market continues to face selling pressure at higher levels.

2) Key Levels For The NiftyBank (54,064)

Resistance based on pivot points: 54,355, 54,499, and 54,733

Support based on pivot points: 53,887, 53,743, and 53,509

Resistance based on Fibonacci retracement: 54,423, 55,809

Support based on Fibonacci retracement: 53,687, 52,798

Special Formation: The Nifty Bank snapped its four-day winning streak and closed 0.8 percent lower on Monday, forming a bullish candle with a long upper wick on the daily timeframe, signalling pressure at higher levels. The index slipped below its short-term moving averages and the 38.2 percent Fibonacci retracement level of the correction from the February high to the April low. The RSI stood at 46.6 and is on the verge of a negative crossover, while the MACD remained above the reference line despite fading green histogram bars. All these factors indicate that bullish momentum is weakening and profit-booking pressure may persist in the near term.

3) Nifty CallOptions Data:

According to the weekly options data, the 23,500 strike holds the maximum Call open interest (with 1.44 crore contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 23,700 strike (1.06 crore contracts) and 23,300 strike (97.56 lakh contracts).

Maximum Call writing was observed at the 23,200 strike, which saw an addition of 72.79 lakh contracts, followed by the 23,300 and 23,250 strikes, which added 52.91 lakh and 52.37 lakh contracts, respectively. The maximum Call unwinding was seen at the 23,850 strike, which shed 2.67 lakh contracts, followed by the 22,500 and 23,900 strikes, which shed 97,760 and 75,010 contracts, respectively.

4) Nifty PutOptions Data:

On the Put side, the maximum Put open interest was seen at the 22,500 strike (with 1.01 crore contracts), which can act as a key support level for the Nifty in the short term. It was followed by the 23,000 strike (99.27 lakh contracts) and the 23,100 strike (67.59 lakh contracts).

The maximum Put writing was placed at the 23,100 strike, which saw an addition of 29.73 lakh contracts, followed by the 22,800 and 22,950 strikes, which added 17.82 lakh and 17.24 lakh contracts, respectively. The maximum Put unwinding was seen at the 23,300 strike, which shed 38.85 lakh contracts, followed by the 23,400 and 23,350 strikes, which shed 34.97 lakh and 20.73 lakh contracts, respectively.

5) NiftyBank CallOptions Data:

According to the monthly options data, the 54,000 strike holds the maximum Call open interest, with 11.34 lakh contracts. This can act as a key level for the index in the short term. It was followed by the 55,000 strike (10.4 lakh contracts) and the 55,500 strike (6.87 lakh contracts).

Maximum Call writing was observed at the 54,500 strike (with the addition of 85,110 contracts), followed by the 54,300 strike (66,990 contracts) and 54,200 strike (65,070 contracts). The maximum Call unwinding was seen at the 55,500 strike, which shed 18,030 contracts, followed by the 55,300 and 55,400 strikes, which shed 5,820 and 4,260 contracts, respectively.

6) NiftyBank PutOptions Data: 

On the Put side, the maximum Put open interest was seen at the 54,000 strike (with 12.46 lakh contracts), which can act as a key support level for the index in the short term. This was followed by the 53,000 strike (6.69 lakh contracts) and the 55,000 strike (6.62 lakh contracts).

The maximum Put writing was placed at the 55,200 strike (which added 40,080 contracts), followed by the 54,200 strike (35,010 contracts) and 54,300 strike (23,640 contracts). The maximum Put unwinding was seen at the 54,000 strike, which shed 19,500 contracts, followed by the 55,000 and 53,400 strikes, which shed 8,250 and 7,710 contracts, respectively.

8) Put-Call Ratio:

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, slipped to 0.78 on June 8, from 0.83 compared to previous session.

The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Calls is higher than selling in Puts, reflecting a bearish mood in the market.

9) India VIX:

India VIX, the fear gauge, spiked 7.85 percent to 17.03, signalling discomfort among bulls. Any decisive move above the 18 level could trigger heightened caution in the market and lead to increased volatility.

Report by Sunil Shankar Matkar

Source:Network18