Market Outlook: Monday Decisive, Hedge Your Bets Amid Rupee Weakness & Strong Results

• Indian market slipped from higher levels, with Nifty losing gains and Sensex falling 550 points from its peak.
• Rupee weakness dampened market sentiment, impacting Nifty's rally despite initial momentum.
• Bank Nifty showed strength, trading above 60000, ahead of ICICI and HDFC Bank results.
• IT stocks, led by Infosys, surged with Nifty IT index up 3% after Infosys's strong results and guidance.
• Federal Bank, Angel One, 360 ONE, and GROWW saw significant gains due to excellent quarterly results.

Why It Matters: Monday is crucial for markets; hedge positions due to rupee weakness and result-driven stock movements.