Indian equity markets traded with a cautious undertone as the benchmark Nifty surrendered most of its early gains highlighting the lack of fresh momentum. Despite the intraday weakness, technical analysts believe the broader trend remains constructive, with the current phase largely reflecting consolidation rather than a reversal.

Speaking to ET Now, Vinay Rajani from HDFC Securities said the market is moving within a well-defined range after forming a long-leg doji candlestick pattern last week, indicating indecision among market participants.

“The market seems to be in a mood of consolidation. Last week, Nifty formed a long-leg doji candlestick pattern. It was a holiday-truncated week, with last week’s high at 24,261 and the low at 23,784. The index has been consolidating within this range for the last six to seven sessions,” he said.

“If we look at the moving average setup, Nifty is currently holding above its 20-day and 50-day moving averages, which are coinciding around the 23,850 level. On the higher side, however, Nifty has not been able to surpass its 100-day exponential moving average, placed around 24,150. This indicates a complete consolidation phase—above the 20-day and 50-day EMAs but below the 100-day EMA—which shows that confidence is still lacking,” he added.

Rajani also pointed out that the broader market, which had been outperforming in recent months, has begun to lose momentum in the short term, adding to the cautious outlook.

“The broader market, which was previously outperforming, has started losing momentum on the upside and is showing weakness on the short-term charts. Overall, we may continue to consolidate within the current range. On the downside, 23,800 to 23,780 remains an important support zone. Unless this level is broken, we can continue to remain hopeful about the market. Selective sectors are still performing well. Today, pharma and healthcare are outperforming,” he said.
Financials and Pharma Remain Preferred Bets
While the benchmark indices may remain range-bound, Rajani believes sector-specific opportunities continue to exist. He remains optimistic about financials, particularly banking and NBFC stocks, while pharma continues to display relative strength.
“If we look at the sectors, the NBFC and banking space are relatively stronger on the positional charts. Overall, the primary trend of the market remains upward, and we believe financial stocks can be accumulated at lower levels. Dips should be bought. Right now, it is a muted short-term setup, but 23,800 should be kept as the stop-loss on a closing basis,” he said.

Stock Picks for Traders
On individual stock recommendations, Rajani highlighted opportunities in the pharma and NBFC segments, citing strong technical setups.

“Considering the sector strength, pharma is doing very well today and its primary trend remains positive. The index is trading near its all-time high, and the healthcare sector is also performing well. Within the sector, Gland Pharma is looking quite strong. It is on the verge of breaking out from a consolidation pattern, while the primary trend remains positive. Around ₹2,360, one can go long with a trading stop-loss at ₹2,310. On the upside, I expect a target of ₹2,470,” he said.

He also recommended L&T Finance as his preferred pick from the financial space.

“The second stock I would pick is from the NBFC space. L&T Finance is one stock that we believe could perform well in the coming weeks. Although it has corrected slightly in the intraday session, we believe the dip should be bought. Around ₹300–301, one can go long with a stop-loss at ₹295. On the upside, I expect a short-term target of ₹312,” he said.

Near-Term Outlook
With Nifty caught between key moving averages, traders are likely to watch the 23,800 support level closely. A decisive move beyond the current trading range could determine the market’s next direction. Until then, analysts continue to favour a stock-specific approach, with financials and pharma emerging as preferred sectors during the consolidation phase.

This article was written by

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Skywatchers across the country are being urged to look toward the southeastern horizon Monday evening as June’s full moon, popularly known as the Strawberry Moon, rises into the night sky, marking the first full moon of summer and one of the lowest-arcing full moons of the year.

The moon will reach its precise full phase at 7:56 p.m. Eastern time Monday, June 29, though it will continue to appear full to the naked eye throughout the night and on the evenings immediately before and after that peak moment.

A name with no connection to color

Despite its evocative name, the Strawberry Moon won’t actually appear pink or red when it rises. The name has nothing to do with the moon’s hue or appearance; instead, it refers to the time of year when wild strawberries traditionally ripen and become ready for harvest across much of North America.

That said, observers who catch the moon right as it climbs above the horizon may notice it taking on a warm, golden glow. As moonlight passes through a much thicker layer of Earth’s atmosphere near the horizon, tiny particulates and water molecules in the air scatter shorter blue wavelengths of light in a phenomenon known as Rayleigh scattering, allowing more of the longer red and orange wavelengths to reach the eye. The effect can give the rising moon a yellow, orange or even subtle pinkish tint, even though the name itself predates any connection to that visual effect.

Roots in Indigenous tradition

The name Strawberry Moon traces back to the seasonal naming traditions of Algonquian-speaking peoples across the northeastern United States and eastern Canada. Long before printed calendars existed, many Indigenous nations across North America named each full moon after the plants, animals, weather patterns or seasonal activities that defined that particular stretch of the year. There was no single, unified Native American lunar calendar; rather, each nation developed names reflecting the natural rhythms of its own specific homeland.

For Algonquian peoples, late June marked the brief window when wild strawberries ripened, making the full moon a practical seasonal marker signaling that it was time for the annual harvest. Over time, as European settlers adopted many of these Indigenous naming traditions, the term eventually found its way into widely circulated almanacs, helping “Strawberry Moon” become the name most Americans recognize today.

Other nations, other names

While Strawberry Moon has become the dominant name in mainstream American usage, other Indigenous nations developed entirely different names for the same June full moon, each reflecting what was happening within their own communities at that time of year. The Dakota and Lakota peoples used similarly berry-focused names tied to the same ripening fruit. Farther south, the Cherokee referred to it as the Green Corn Moon, marking the stage of the growing season when corn fields were becoming established.

Other naming traditions reflected entirely different seasonal activities. The Western Abenaki called it the Hoer Moon, a reference to the agricultural work of tending crops, while the Haida referred to it as the Berries Ripen Moon. The Cree, meanwhile, recognized the same lunar cycle as the Egg Laying Moon or Hatching Moon, tied to the nesting season for birds in their region. The Tlingit people of the Pacific Northwest used the term Birth Moon, referencing the season when certain animals give birth in that region.

European naming traditions for the same moon diverged in their own direction, producing names including the Rose Moon, Hot Moon, Mead Moon and Honey Moon. The Mead Moon designation has been traced to Anglo-Saxon traditions tied to the mowing of meadows that occurs around the same time of year.

Why it sits so low in the sky

This year’s Strawberry Moon carries an added astronomical distinction: it’s the first full moon following the June solstice, which occurred on Sunday, June 21. Because the sun follows its highest path across the sky around the time of the summer solstice, and a full moon always appears positioned opposite the sun, the moon traces one of its lowest, shortest arcs of the year across the nighttime sky during this period. For viewers in the Northern Hemisphere, that means the moon will hug close to the southern horizon throughout the night, an effect that is reversed for viewers south of the equator, where the moon will appear unusually high overhead.

The moon’s low position near the horizon also tends to make it appear unusually large to the naked eye, a well-documented effect known as the “moon illusion.”

Where to look, and what else is nearby

Observers are advised to look toward the southeastern sky at sunset on Monday to watch the moon climb into view, where it will appear embedded among the stars of the constellation Sagittarius, though the moon’s brightness may make those particular stars difficult to spot directly. Skywatchers looking for an additional celestial landmark can scan roughly 10 degrees to the upper right of the moon at sunset to find the reddish glow of Antares, a bright star marking the heart of the neighboring constellation Scorpius.

A coinciding spiritual observance

This year’s full moon also coincides with a significant religious observance abroad. The June 29 full moon lines up with the Buddhist festival of Poson Poya, which commemorates the introduction of Buddhism to Sri Lanka more than 2,000 years ago. Worshippers traditionally mark the occasion by visiting temples and holy sites, giving alms, and practicing mindfulness and spiritual purity.

Looking ahead to next month’s full moon

For skywatchers eager to plan their next lunar viewing opportunity, the next full moon, commonly known as the Buck Moon, is set to arrive on July 29. That name references the time of year when male white-tailed deer begin rapidly growing a new set of antlers, continuing a long tradition of naming each month’s full moon after the natural seasonal markers that generations of observers relied on long before the modern calendar existed.

Whether viewed as a quiet evening ritual or a chance to capture a striking photograph against a golden horizon, Monday’s Strawberry Moon offers a reminder of how closely human communities have tracked the passage of the seasons through the night sky, long before clocks and calendars took over that role entirely.

Success driven by opening of Central Tech

Tech-focused developer Sciontec says it had a record year in 2025 – and says building work on its new £69m Liverpool office and lab development will start next year.

Public-private joint venture Sciontec says it posted £3.7m turnover for the year to September 2025, as well as seeing record occupancy over the 12 months.

It says that success was driven by the opening of Central Tech at the former Sensor City building in Liverpool city centre. The building, a local landmark thanks to its gold circuit board cladding, is billed as “a global hub for innovation in health, life sciences, technology and digitalisation”.

Central Tech opened in May last year and was at above 60% occupancy by financial year end on September 30. The site is now at 90% occupancy with tenants including IT firm Bellrock, IN4 Group, DefProc Engineering and LYVA Labs.

Sciontec’s Liverpool Science Park saw occupancy levels stay above 90% for the period. That complex is home to organisations including the Manufacturing Technology Centre, Elida Beauty, Pierian Biosciences and Renewvax.

Sciontec also manages the serviced office space at The Spine building in Paddington Village, on behalf of the Royal College of Physicians. Customers there include Zempler Bank, Marks & Clerk, Morgan Sindall, the Pandemic Institute and RTC North.

The company is set to develop the £69m Hemisphere One office and lab building close to The Spine. It says building work on the eight-storey red-brick scheme, which will include 150,000 sq ft of laboratory and research space, will start in April 2027.

Sciontec is a joint venture between Bruntwood SciTech, Liverpool City Council, Liverpool John Moores University and the University of Liverpool. In January 2026 Barbara Spicer succeeded Professor Mark Power, vice-chancellor of Liverpool John Moores University, as Sciontec chair.

Prof Power said: “We are pleased to report a strong and resilient performance over the past financial year. Against the backdrop of a challenging wider market, we have achieved record turnover and returned a ‘group’ profit once again.

“This has been underpinned by expanding our innovation portfolio and welcoming a record number of businesses into our spaces. Our team also works hard to maintain strong relationships with existing customers, which now number over 100.”

Barbara Spicer said: “These are hugely encouraging financial results and reflect the commitment of our team to delivering world-class innovation spaces right here in Liverpool and boosting the city region’s existing strengths in areas such as health and life sciences, materials chemistry, AI, digital, tech and advanced manufacturing.

“Consistent high levels of occupancy reinforce the market demand for new science and tech developments and we will be pushing ahead with confidence on our plans for HEMISPHERE One over the next year.”

It has taken 39 weeks to complete

Work to transform part of the old Honda site in Swindon into a new industrial estate has completed. The 545,000 sq ft development at Panattoni Park Swindon forms part of the wider regeneration of the former manufacturing site into a major logistics hub.

Construction firm McLaren (Midlands and North) finished the flagship project following 39 weeks of work. The completed building includes logistics space alongside offices and workshops.

It is understood the park could support around 7,000 on-site jobs on opening, with a further 11,000 roles in the local supply chain.

Luke Arnold, regional director at McLaren Construction Midlands and North, said: “Delivering Panattoni Park Swindon is a fantastic achievement and a real credit to the entire project team.

“From the outset, this was an ambitious schedule, and through careful planning, strong collaboration and the commitment of our trusted supply chain, we’ve been able to complete the project on time and to an exceptional standard.”

Honda first revealed its intention to pull out of the UK in 2019 as part of a major restructure of its global operations and a need to focus on electric vehicle production.

The Swindon factory shut in 2021 with the loss of some 3,500 jobs. European logistics giant Panattoni was granted consent to redevelop the site in 2023 and appointed McLaren (Midlands and North) to deliver the scheme.

Peter Carter Wall, construction director at Panattoni, said: “McLaren Construction delivered the first building on our flagship development site which is the first to implement our new interior design concept and finishes.

“The team took an aspiration to create something special and delivered an impressive reality that has been widely admired. It has been a pleasure working with the team, and this building stands as a showpiece achievement everyone involved should be very proud of.”

Councillor Jim Robbins, Swindon Borough council leader, said earlier this year that progress on the site over 12 months had been “remarkable”.

“I have always been clear that we must be ambitious for this site,” he said.

“It is set to play a crucial role in strengthening Swindon’s position as a leading economic hub.”

With NBA free agency set to officially open Tuesday, league sources are describing one of the most chaotic rumor cycles in recent memory, anchored by a Golden State pursuit of two future Hall of Famers, an unresolved standoff over Kawhi Leonard’s future, and a Miami backcourt outlook that has Heat fans bracing for disappointment despite landing Giannis Antetokounmpo. Here’s a rundown of the latest trade chatter sweeping the league.

The Warriors are chasing LeBron James and Anthony Davis

In what would amount to one of the most ambitious roster moves of the offseason, the Golden State Warriors are attempting to trade for Washington Wizards big man Anthony Davis and then sign Lakers free agent LeBron James, according to multiple league sources cited by ESPN.

A trade for Davis would require Golden State to include forward Jimmy Butler, currently on an expiring $57 million contract while recovering from a torn ACL, along with significant draft capital from the Warriors’ stockpile of two future first-round picks and four first-round pick swaps. The hope, according to sources, is that adding Davis would help convince James to leave Los Angeles for the Bay Area once free agency opens, reuniting him with Stephen Curry, Draymond Green and head coach Steve Kerr in pursuit of one final championship run.

The financial reality complicates that plan considerably. ESPN’s Shams Charania reported last week that the Lakers have not yet made James an offer, meaning he may need to sign elsewhere for the taxpayer mid-level exception, worth a little over $15 million, unless a sign-and-trade is arranged. Klutch Sports CEO Rich Paul said “10 to 12 teams” have already checked in about adding James this summer.

Washington, meanwhile, has shown little appetite to move Davis. Wizards general manager Will Dawkins addressed the situation on ESPN’s live draft broadcast last week. “He wants to be here. We want him here,” Dawkins said. “We’ll have that conversation in the middle of August when we can officially have that.” Davis becomes eligible for a four-year, $275 million extension on August 6, though a trade before then would reset that eligibility clock by six months under the league’s collective bargaining agreement.

Adding to the uncertainty is Butler’s own standing in the Bay Area. Speaking after a Warriors team event this week, Butler said he wants to remain with Golden State but acknowledged the business reality of the situation. “If I get traded, I get traded,” Butler said, according to ESPN’s Anthony Slater. “Their job is to win. Can I help them do that? Yes. If they feel like somebody else can help them do that on a quicker timetable than whenever I come back, then they got to go and do that. But as of right now, I’m here.”

Kawhi Leonard’s situation grows more tangled

Conflicting accounts continue to surround Leonard’s future with the Los Angeles Clippers, with at least three franchises now connected to potential trade talks. According to The Athletic’s Christian Clark, Dan Woike and Sam Amick, Dallas Mavericks president Masai Ujiri has expressed interest in reuniting with Leonard, the same star he famously acquired for Toronto in 2018. Sources told The Athletic that the Mavericks and Clippers have discussed a deal that would send Leonard to Dallas in exchange for a package including P.J. Washington, Klay Thompson and draft picks.

Separately, sources have described the Clippers and Toronto Raptors as having had serious discussions about sending Leonard back to the franchise he led to its only championship in 2019, though other sources have characterized that Toronto chatter as more about creating leverage in extension talks with Los Angeles than a genuine reunion effort.

Miami’s backcourt plans draw skepticism

Despite landing Antetokounmpo in a blockbuster trade, the Miami Heat’s reported free-agency targets have raised questions about the team’s broader plans. The Stein Line reported that veteran guards Tim Hardaway Jr. and Mike Conley are “priority targets” for Miami this offseason.

The constrained approach stems largely from Miami’s salary-cap situation. The Heat are hard-capped at the first apron, limiting their ability to make a competitive offer to free agent guard Norman Powell, who is also drawing interest from the Chicago Bulls and Detroit Pistons. League sources say Miami has shopped forward Nikola Jović in an effort to create salary flexibility to retain Powell, though Jović’s contract, the first year of a four-year, $62 million deal, has made him a difficult player to move.

Sources also indicated that Miami had interest in Memphis Grizzlies guard Ja Morant before the Antetokounmpo trade, though league sources now expect Morant to be traded this week rather than bought out.

Charlotte’s roster moves point toward a bigger swing

After trading LaMelo Ball to the Minnesota Timberwolves and Miles Bridges to the Phoenix Suns, the Charlotte Hornets may not be finished reshaping their roster. According to HoopsHype’s Michael Scotto, Charlotte has had exploratory conversations regarding Boston Celtics star Jaylen Brown, conversations that notably included center Naz Reid, whom the Hornets acquired in the Ball trade and whom Boston had previously sought as part of separate Brown trade discussions with Minnesota.

Hornets head coach Charles Lee previously served as a Boston assistant, giving the organization existing familiarity with Brown, who is coming off a season in which he led the Celtics to 52 wins even without Jayson Tatum for much of the year.

The new draft relegation zone is reshaping trade calculus

Elsewhere, the league’s newly introduced draft relegation zone is influencing decision-making for teams near the bottom of the standings. In New Orleans, multiple teams have reportedly offered two first-round picks for wing Trey Murphy, with Pelicans general manager Joe Dumars pushing for three. In Sacramento, the Kings, currently $4.1 million over the luxury tax line, have explored multiple paths to get under the threshold, including a potential waive-and-stretch of DeMar DeRozan’s partially guaranteed contract, while attaching draft capital to other players in trade offers to shed salary without sacrificing too much of the roster’s remaining talent.

With several of these situations still unresolved heading into Tuesday’s official start of free agency, the coming days are expected to bring continued movement across the league as front offices race to finalize their rosters. Whether the Warriors can pull off their ambitious pursuit of James and Davis, where Leonard ultimately lands, and how Miami’s backcourt situation resolves itself all stand as some of the most closely watched storylines as the offseason enters its most active stretch.