If the Nifty index holds above the recent low of 24337, we can anticipate an initial rally that could drive the index up toward 25000-25200 levels
Stocks to Watch, 18 August: Stocks like Glenmark Pharma, Inox Wind, Zaggle Prepaid Ocean Services, Easy Trip Planners, KEC International, EMS, Torrent Power, JK Cement, Globe Civil Projects, Indian Bank, ICICI Bank, ONGC, and Tata Power will be in focus on August 18.
The market is expected to be consolidative and rangebound until it sees a strong follow-up buying interest in the week starting from August 18, with focus more on global cues including Jackson Hole Symposium, FOMC minutes due to absence of domestic trigger.
Pawan Bharaddia of Equitree Capital advised holding capital goods and travel-related stocks in the portfolio, considering the expected growth in both sectors.
Current options data and the Put-Call Ratio (PCR) suggest that the market is likely to remain in a short-term consolidation phase, said Sudeep Shah of SBI Securities.
Caution ahead of Trump-Putin talks and mixed US data kept traders wary, while growing confidence in a 25 basis point rate cut supported markets.
For the week, BSE Large-cap and Mid-cap indices added 1 percent each and BSE Small-cap index rose 0.4 percent.
Anil Rego expects Nifty to consolidate in 23,500-25,000 range before breaking out post-festive season, driven by domestic consumption recovery and potential policy clarity.
FII futures positioning still shows a heavy concentration of shorts around. Until this data turns more constructive or prices start to form a consistent pattern of higher highs and higher lows, the Nifty 50 is likely to remain anchored near the lower end of the Bollinger Bands, Rahul Sharma of JM Financial said.
Looking at the valuations currently, the power utility stocks are fully valued, said Ajit Banerjee of Shriram Life Insurance.
Gold rate today: Yellow metal's October contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 1,00,297 per 10 grams today, higher than yesterday's closing price of Rs 1,00,185 per 10 grams.
The Foreign institutional investors (FIIs) continued their selling on third consecutive session on August 13 as they sold equities worth Rs 3,644 crore, while Domestic institutional investors (DIIs) continued their buying as they bought equities worth Rs 5,623 crore on the same day.
Ongoing tariff uncertainties and a slowdown in earnings growth are likely to keep the Nifty index in a sideways correction phase for the next six months, said Narnolia’s Shailendra Kumar.
Stocks to Watch, 14 August: Stocks like JSW Cement, All Time Plastics, IRCTC, Pfizer, Vishal Mega Mart, Muthoot Finance, Jain Irrigation Systems, Zydus Lifesciences, Jubilant Foodworks, United Spirits, and Man Infraconstruction will be in focus on August 14.
The local currency unit gained 0.31% - its highest intraday gain since July 3 - and closed at 87.4400, compared to Tuesday's close of 87.7125.
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 1,00,263 per 10 grams today.
FIIs extended their selling as they sold equities worth Rs 3,398 crore on August 12, while domestic investors continued their buying as they bought equities worth Rs 3,507 crore on the same day
It is quite likely that a year from now the tariffs should be much lower, said Vikas Gupta of OmniScience Capital.
Stocks to Watch, 13 August: Stocks like Apollo Hospitals Enterprise, FSN E-Commerce Ventures Nykaa, Honasa Consumer, Suzlon Energy, Jindal Steel and Power, National Securities Depository (NSDL), NMDC, Landmark Cars, and Nazara Technologies will be in focus on August 13.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,00,396 per 10 grams today.
Short term indicators are showing positive divergence suggesting lack of downside momentum but positive price action awaited in the Nifty 50, said Ashish Kyal of Waves Strategy Advisors.
R Venkataraman of IIFL Capital feels that deceleration in earnings growth will be a continuing trend at least for the second quarter of FY26 before things show signs of troughing out.
Stocks to Watch, 12 August: Stocks like Highway Infrastructure, Hindalco Industries, Pfizer, Medi Assist, Adani Enterprises, and HG Infra Engineering will be in focus on August 12.
Oil prices rose on Tuesday as the US and China extended a pause on higher tariffs, easing concerns an escalation of their trade war would disrupt their economies
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 1,01,198 per 10 grams today.