# It was nice to see Nifty bulls making a comeback despite the backdrop of extreme fear on Trump’s tariff threats against India.

 

 

Nifty (+1.10%, 24631)

Sensex (+0.93%, 80598)

Bank Nifty (+0.61%, 55342)

 

 

 

1) Positive global cues. The S&P 500 and the Nasdaq 100 extending their records highs. The biggest positive takeaway was that the Dow Jones too jumped higher and scaled new all-time-high above 45000 mark.

 

2) The street is betting on a multiple rate cut from the Federal Reserve this 2025. (Please note, there are still 3-FOMC meetings to take place this year 2025: September, October and December).

 

3) The US annual inflation rate held at 2.7% in July, below the 2.8% forecast indicating Trump’s tariff effects remain modest.

 

4) India’s annual consumer price inflation rate in India fell to 1.55% in July of 2025 from 2.1% in July, firmly below the street’s consensus of a 1.76%, and most importantly, marked its the ninth consecutive decrease in the inflation rate. 

 

5) WTI oil prices continues to stay depressed at around $63.75 a barrel.

 

# Bottom-line: After last week’s slight optimism at Dalal Street, bulls will hope and pray that Nifty’s 200 DMA at 24047-mark acts as a very good support and most importantly, the benchmark creeps higher towards psychological 25000 mark.

 

Instruments LTP Weekly % Change

Nifty 24631 +1.10%

Sensex 80598 +0.93%

Bank Nifty 55342 +0.61%

Nifty Midcap 14929 +1.94%

India VIX 12.35 +2.68%

 

Dow 44946 +1.74%

Nasdaq 23712 +0.41%

Bovespa 13634 +0.31%)

 

Crude Oil 63.22 (-1.06%)

Gold 3337 (-1.82%)

Silver 37.96 (-1.03%)

USD/INR 87.52 (-0.07%)

 

 

1) Nifty ended 1.10% higher; snapped its 6-week losing streak and most importantly ended above its 100-DMA. That said, Nifty is still  trading well below its 21-DMA & 50-DMA.

 

2) Bank Nifty (+0.61%) mostly mirrored Nifty’s rebound to end the week above the dotted lines. Net-net, Bank Nifty was too aiming for a rebound from its 100-DMA.

 

3) Nifty Private Bank index inched up 0.34% while Nifty PSU Bank index gained 2.09% higher.

 

4) The broader markets were seen trading with strength as the Nifty Mid-cap 50 index gained 1.94% while the Nifty Small-cap index inched up 0.68%

 

Nifty Pharma (+3.5%)

Nifty Auto (+2.74%)

Nifty Infra (+1.27%)

Nifty IT   (+1.26%)

Nifty Media  (+1.10%)

Nifty Metal  (+0.76%)

Nifty Reality (+0.59%)

Nifty PSE Index (+0.57%) 

Nifty Energy (+0.22%)

Nifty Oil & Gas (+0.07%)

 

Nifty FMCG  (-0.45%)

 

 

1) Suzlon Energy (-4.95%) fell after its Q1 PAT slumped 73% QoQ to Rs 324 cr. Suzlon Energy’s consolidated net profit tanked 72.56% to Rs 324.32 crore on 17.39% decline in revenue from operations to Rs 3,117.33 crore in Q1 FY26 over Q4 FY25.

 

2) Karnataka Bank (-1.32%) fell after its Q1 PAT slides after its standalone net profit declined 27% to Rs 292.40 crore on a 2.4% rise in total income to Rs 2,619.64 crore in Q1 FY26 over Q1 FY25.

 

3) Apollo Hospitals Enterprise (+10.40%) was the star outperformer after the company’s consolidated net profit jumped 53.5% to Rs 389.60 crore on 13.1% increase in net sales to Rs 5592.20 crore in Q1 FY26 over Q1 FY25.

 

4) Oil & Natural Gas Corporation (ONGC) (+1.50%) gained after its consolidated net profit fell 1.7% to Rs 9,804.07 crore on 3.5% decline in net sales to Rs 1,63,108.13 crore in Q1 FY26 over Q1 FY25.

 

5) Jindal Steel & Power (+0.13%) was seen consolidating it reported a 11.5% increase in consolidated net profit to Rs 1,493.97 crore in Q1 FY26 compared with Rs 1,340.15 crore in Q1 FY25. Net sales fell 9.7% YoY to Rs 12,294.48 crore during the quarter.

 

6) Hindalco Industries (+3.3%) zoomed higher after reporting a strong performance in Q1 FY26, with revenue from operations rising 13% year-on-year to Rs 64,232 crore. EBITDA grew 9% to Rs 8,673 crore. Net profit surged 30% to Rs 4,004 crore in Q1 FY26.

 

7) Tilaknagar Industries (+7%) rallied its consolidated net profit surged 120.8% to Rs 88.51 crore in Q1 FY26, compared with Rs 40.09 crore in Q1 FY25. Net sales (excluding net excise duty) jumped 30.6% YoY to Rs 409.14 crore in Q1 FY26.

 

8) Ashoka Buildcon (-7.55%) slupmed even after the company’s reported 44.6% jump in consolidated net profit to Rs 217.39 crore during the quarter compared with Rs 150.33 crore in Q1 FY25. 

 

9) Bata India (-11.20%) plunged after the company’s consolidated net profit tumbled 70.1% to Rs 52 crore on 0.3% fall in net sales to Rs 941.85 crore in Q1 FY26 over Q1 FY25.

 

10) SJVN (-0.15%) was seen consolidating and trading with negative bias  despite reporting a 36.2% year-on-year decline in consolidated net profit to ₹227.8 crore for the quarter ended June 2025. This came even as the state-run power producer recorded growth in revenue and an improvement in operating margins. 

 

11) SBI (+2.77%) and Tata motors (+4.58%) march higher, gaining post their FYQ1

 

12) HBL Engineering (+28%) share price zoomed to its all-time-high after its consolidated net profit increased 79% on the year to Rs 143 crore from Rs 80 crore.

 

13) PSU PMC like HPCL & BPCL traded with negative bias  despite  Government approving Rs 30,000-crore compensation to oil marketing companies for their losses on cooking gas sales

 

APOLLO HOSPITALS

ETERNAL

DR REDDYS LAB

CIPLA

HDFC LIFE

 

INDUSIND BANK (-4.66%)

ADANI PORTS (-3.35%)

TATA STEEL (-2.74%)

BHARTI AIRTEL (-2.54%)

NESTLE (-2.5%)

 

 

# The big question on every investor’ mind for next week’s trade would be: Free Fall or Dead Cat Bounce or Robust Rally Ahead?

 

# Well, after last week’s small rally our call of the week suggests Nifty and its stocks may be looking for reasons to go up. (Although still many a participants think it’s a dead cat bounce and could fizzle).

 

# Strictly speaking, fear is currently driving investor behavior, leading to sharp declines in even the strongest stocks. But history tells us that this turmoil won’t last forever, and that fundamentals will win over time.

 

We will continue to spy with one big eye on any reversal signals and stay focused on high-quality opportunities that can weather any severe market turbulence...

 

Amidst this backdrop, expect Nifty to simply jump out of the gate.

# Technically, Nifty forms a bearish candle on the monthly charts, indicating tough resistance to continue at its 21-DMA at 24775 mark. Major inter-month resistance at 25021 mark.

 

Meanwhile, the biggest interweek support for Nifty will be at its 200-DMA at 24047 mark and then the downside risk is seen at 23936 (low as on May 9th)  

 

 

# Our call of the week suggests to keep a close eye on the Next 4-Big Catalysts: 

 

1) India’s unemployment rate for the month of July would be announced on August 18. 

 

2) India’s Manufacturing PMI, the Services PMI and the Composite PMI values for the month of August would be unveiled on August 21.

 

3) In China, the Loan Prime Rate for 1-year and 5-year tenors would be announced on August 20.

 

4) The FOMC Minutes would be released on August 20. 

 

# Long Story Short: Nifty’s recent selling could take a breather on backdrop improving leads from Wall Street. 

 

Hopefully, Nifty’s 200 DMA at 24047-mark acts as a very good support and bulls aim Nifty’s psychological 25000 mark

 

Fingers crossed.

 

 

 

 

 

 

 

 

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This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments.