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Informist, Friday, Aug. 14, 2026

 

By Gopika Balasubramanium

 

MUMBAI – Analysts expect headline indices to be in a range in the near term due to a lack of triggers and expect them to take cues from the global front, as June quarter earnings have come to an end. Developments on the West Asia war front will also be closely monitored by the Street, with the US threatening to maintain the naval blockade of Iranian ports indefinitely, raising concern about crude oil supply disruptions in the region. Analysts were largely positive on June quarter earnings, especially for mid-cap and small-cap companies. 

 

"A sideways trend persisted in the market (Friday) as investors awaited greater clarity on the outlook for energy prices and global bond yields," Vinod Nair, head of research, Geojit Investments Ltd. said in a note. "Better-than-expected corporate earnings during the quarter, along with supportive domestic factors that could drive upward revisions to FY27 earnings estimates, continue to create opportunities for a bottom-up stock selection approach. Additionally, the stability in the rupee, moderation in India's 10-year bond yield, and a gradual improvement in FII participation are providing support to the domestic macro-environment and supporting the inflation trajectory."

 

However, technical analysts see the market trend as negative and say investors lack direction. "Overall, sentiment remains weak, with the potential for a further fall towards 24180," Rupak De, senior technical analyst at LKP Securities. "On the higher end, 24400 might act as crucial resistance." The Nifty 50 ended at 24366 points, down 29.85 points or 0.1% on Friday.

 

The index dipped to a low of 24296.80 points but recovered in the final two hours of trade. Closing levels across the benchmark indices showed little disparity this week, with the closing auction price largely in line with levels at the end of continuous trade. This week, Nifty 50 faced constant selling pressure, as hopes of a peace deal between the US and Iran fizzled out. Consequently, Brent crude oil hit a high of $90 per barrel earlier in the week and has remained around that level since. The BSE Sensex ended at 78009.25, down 70.71 points or 0.1%.

 

"... some more consolidation is likely in the coming sessions," Nagraj Shetti, technical analyst at HDFC Securities, said in a note. "Further weakness from here could drag Nifty (50) down to the next lower supports around 24200-24000 levels in the near term," he added. Immediate resistance is at 24500 points. End

 

Edited by Saji George Titus

 

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