18/08/26, SunilSankarMatker of Network18 Report

The Nifty 50 recouped some of its losses in the second half of the session before closing 0.32 percent lower on August 17, extending its downtrend for the fifth consecutive session. With the index trading below its short-term moving averages and bearish momentum gradually strengthening, the market is expected to remain weak amid consolidation in the short term. According to experts, the key immediate support is placed at 24,200, as a decisive break below this level and sustained trading beneath it could trigger significant selling pressure and drive the index towards the 24,000 level. On the higher side, the 24,400-24,500 zone is likely to act as an immediate hurdle.

1) Key Levels For The Nifty 50 (24,288)

Resistance based on pivot points: 24,342, 24,374, and 24,425

Support based on pivot points: 24,241, 24,209, and 24,158

Special Formation: The Nifty 50 formed a bearish candle with a lower shadow on the daily timeframe, indicating weakness despite buying interest at lower levels. The index fell below its short-term moving averages and the midline of the Bollinger Bands; however, it still held above the 50-day and 100-day EMAs, which are the next support levels. The RSI drifted lower to 49.26, while the MACD's bearish crossover strengthened, with the histogram bar expanding for the third consecutive session. All this indicates that the near-term trend remains weak, with bearish momentum gradually strengthening.

2) Key Levels For The Bank Nifty (57,498)

Resistance based on pivot points: 57,702, 57,852, and 58,096

Support based on pivot points: 57,215, 57,064, and 56,821

Resistance based on Fibonacci retracement: 57,685, 58,137

Support based on Fibonacci retracement: 57,135, 56,870

Special Formation: The Bank Nifty recovered its losses in the second half of the session to close 7 points higher, forming a bullish candle with long upper and lower shadows on the daily chart, resembling a High Wave candlestick pattern and indicating indecision among buyers and sellers. The index slipped below its short-term moving averages, but continued to trade well above its medium- and long-term moving averages, indicating short-term caution, while the broader structure remains positive. The momentum indicators suggest a range-bound market environment. The daily RSI has been oscillating within a narrow band, highlighting the absence of a strong directional bias.

3) Nifty Call Options Data

According to the weekly options data, the maximum Call open interest was seen at the 24,500 strike (with 1.25 crore contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 24,400 strike (1.04 crore contracts) and 24,600 strike (1.03 crore contracts).

Maximum Call writing was observed at the 24,350 strike, which saw an addition of 30.95 lakh contracts, followed by the 24,300 and 24,400 strikes, which added 30.22 lakh and 23.57 lakh contracts, respectively. The maximum Call unwinding was seen at the 24,800 strike, which shed 18.07 lakh contracts, followed by the 23,900 and 24,000 strikes, which shed 89,570 and 47,580 contracts, respectively.

4) Nifty Put Options Data

On the Put side, the 24,300 strike holds the maximum Put open interest (with 1.34 crore contracts), which can act as a key level for the Nifty in the short term. It was followed by the 24,000 strike (1.13 crore contracts) and the 24,200 strike (1.04 crore contracts).

The maximum Put writing was placed at the 24,250 strike, which saw an addition of 43.51 lakh contracts, followed by the 24,300 and 24,200 strikes, which added 32.85 lakh and 31.6 lakh contracts, respectively. The maximum Put unwinding was seen at the 24,400 strike, which shed 24.67 lakh contracts, followed by the 24,500 and 24,350 strikes, which shed 10.77 lakh and 10.27 lakh contracts, respectively.

5) Bank Nifty Call Options Data

According to the monthly options data, the maximum Call open interest was seen at the 58,000 strike, with 21.3 lakh contracts. This can act as a key level for the index in the short term. It was followed by the 58,500 strike (10.99 lakh contracts) and the 57,500 strike (7.15 lakh contracts).

Maximum Call writing was observed at the 58,500 strike (with the addition of 89,460 contracts), followed by the 58,200 strike (51,720 contracts) and 57,800 strike (44,430 contracts). The maximum Call unwinding was seen at the 57,500 strike, which shed 50,100 contracts, followed by the 58,000 and 57,200 strikes, which shed 32,370 and 15,780 contracts, respectively.

6) Bank Nifty Put Options Data

On the Put side, the 58,000 strike holds the maximum Put open interest (with 13.97 lakh contracts), which can act as a key level for the index in the short term. This was followed by the 57,000 strike (10.44 lakh contracts) and the 57,500 strike (7.22 lakh contracts).

The maximum Put writing was placed at the 58,000 strike (which added 1.64 lakh contracts), followed by the 57,500 strike (1.01 lakh contracts) and 57,000 strike (94,560 contracts). The maximum Put unwinding was seen at the 58,500 strike, which shed 21,210 contracts, followed by the 58,800 and 58,300 strikes, which shed 12,870 and 3,270 contracts, respectively.

Report by SunilSankarMatkar, 

Source:Network18

17/08/26, Levels

17/08/26, Trading Strategy by Sunil Sankar

The market is largely expected to remain in a consolidation phase, given the lack of strong momentum in either direction. The Nifty 50 needs to defend the previous week's low of 24,265 for some stability. A break below this level could see the index find immediate support at 24,200, followed by the crucial support level of 24,000. However, in the event of a rebound, 24,500 and then 24,600 are the levels to watch. Meanwhile, the Bank Nifty is expected to trade within the previous week's range of 57,150–58,000. A move above this range could see 58,250 act as an immediate hurdle, followed by the 58,500–58,700 zone. However, a fall below the range could open the door to the 56,600–56,400 support zone, followed by 56,000, according to experts.

On August 14, the Nifty 50 slipped 30 points, or 0.12 percent, to 24,366, while the Bank Nifty dropped 144 points, or 0.25 percent, to 57,491. Market breadth favoured the bears, with about 1,778 shares under pressure compared with 1,260 advancing shares on the National Stock Exchange.

Nifty Outlook and Strategy

Jatin Gedia, VP - Technical Research at Teji Mandi Investment Technologies

The Nifty 50 broke below the 24,450–24,650 range and traded with a negative bias last week. We believe the Nifty is currently retracing the 23,606–24,774 rally. It dipped towards the 24,350 anchored VWAP level (from 23,606) and formed a Doji candlestick pattern on the daily charts.

An important observation here is that the Nifty has failed to surpass the previous day's high for the past six trading sessions, indicating weakness. For the current week, a break below 24,290 (Friday's session low) would suggest further weakness towards 24,190–24,052, which are the 50 percent and 61.8 percent Fibonacci retracement levels, respectively, of the 23,606–24,774 rally.

On the upside, if the Nifty manages to surpass the 24,540 anchored VWAP level (from 24,774) and sustain above it, this would suggest a potential resumption of the primary uptrend.

From the derivatives perspective, the maximum Put open interest is at the 24,000 strike, followed by the 24,300 strike, while the maximum Call open interest is at the 25,000 strike, followed by the 24,500 strike. The Put-Call ratio (PCR) improved from 0.77 to 0.88 due to added open interest at the 24,350 PE and 24,300 PE, implying a support base in the 24,350–24,300 zone. Thus, below 24,290, expect a continuation of the correction, while above 24,540, expect a resumption of the uptrend.

Key Resistance: 24,450, 24,540

Key Support: 24,190, 24,052

Strategy: Buy Nifty August Futures above 24,540, with a stop-loss of 24,370 and a target of 24,750–24,900.

Rajesh Palviya, Senior Vice President Research (Head of Research) at Axis Securities

The Nifty remained under selling pressure amid concerns over the US-Iran conflict and Brent crude's surge towards $90 per barrel. The index ended the week with a loss of 205 points. On the weekly chart, it formed a bearish candle with a lower-high–lower-low pattern, indicating profit booking. However, the index remains above its 20-day SMA and continues to trade within a shallow falling channel that has been in place since August 3.

Technically, a decisive breakout above the upper band of the falling channel near 24,500 would signal a resumption of bullish momentum and could pave the way for an advance towards the 200-day SMA at 24,730, followed by the 25,000 psychological mark. On the downside, the 24,200 and 24,000 levels remain crucial support zones, and a breach of these levels could trigger further weakness.

The weekly RSI remains flat above its reference line, indicating a lack of strong momentum in either direction as the index continues to consolidate. Going forward, a decisive close above the 200-day SMA is needed to confirm a trend reversal, while the 24,000–23,800 zone remains a crucial support area for maintaining the broader recovery structure.

Key Resistance: 24,400, 24,550

Key Support: 24,200, 24,100

Strategy: Sell Nifty Futures around 24,450, with a stop-loss at 24,550 and a target of 24,300–24,200.

Osho Krishan, Chief Manager - Technical & Derivative Research at Angel One

Following the Doji formation in the previous week, a sense of hesitation became evident, while the persistent sell-off gradually turned the market undertone cautious and sceptical. On the daily chart, the benchmark index has been hovering around its 20-day DEMA over the past few sessions, reflecting indecisiveness among market participants.

Technically, the index has retraced 38.20 percent of its recent rally, which also coincides with the breakout neckline of the sloping trendline, suggesting that the current decline remains a healthy retracement. However, a sustained move below the weekly low of 24,265 could weaken the technical structure and shift the outlook from cautious to bearish. Such a breakdown may expose the index to key support zones of 24,200–24,150, aligned with the 50 percent Fibonacci retracement level, as well as the 50- and 100-day DEMA for the current week.

Conversely, a decisive and sustained move above 24,500 is likely to reinforce the underlying structure, potentially triggering a bullish reversal and resumption of the primary uptrend, with the 200-day DSMA at 24,730 as the next level to watch.

Key Resistance: 24,500, 24,730

Key Support: 24,265, 24,150

Strategy: Buy Nifty Futures on dips around 24,250, with a stop-loss of 24,100 and book profits near 24,500–24,600.

Bank Nifty - Outlook and Positioning

Jatin Gedia, VP - Technical Research at Teji Mandi Investment Technologies

Bank Nifty continued to consolidate between 57,200–57,900 for most of last week. A lack of participation from key heavyweights and divergence between private- and public-sector banks is leading to subdued price action in Bank Nifty. We expect Bank Nifty to test the rising support trendline at 57,200–57,100 and then resume its uptrend.

We observe a positive divergence developing on HDFC Bank, suggesting an exhaustion of selling pressure and potentially leading to value buying, which could help Bank Nifty recover and resume its uptrend. The highest Call and Put open interest remains at the 58,000 strike, indicating range-bound price action. The 58,000 straddle is trading at 940 points, suggesting a range of 57,000–59,000 for the next two weeks, which implies continued range-bound price action.

Key Resistance: 57,900, 58,100

Key Support: 57,200, 57,000

Strategy: Buy Bank Nifty August Futures on a dip to 57,100, with a stop-loss of 56,800 and a target of 58,000–58,100.

Rajesh Palviya, Senior Vice President Research (Head of Research) at Axis Securities

Bank Nifty ended the week with a loss of 255 points. On the weekly chart, the index formed a small bearish candle with shadows on both sides, reflecting indecision among market participants. The index continues to consolidate within the 58,600–56,500 range, and a decisive breakout on either side is likely to determine the next directional move.

The technical setup suggests that a sustained move above 58,000 could attract fresh buying interest, paving the way for an advance towards 58,600–59,000. Conversely, a break below 57,150 may trigger selling pressure, dragging the index towards the 57,000–56,500 support zone. Until a breakout occurs, the index is expected to remain range-bound with a mixed bias.

The weekly RSI and Stochastic Oscillator remain flat, indicating a lack of strong momentum and confirming the ongoing consolidation phase. For the week ahead, Bank Nifty is expected to trade within the 59,000–56,500 range.

Key Resistance: 57,600, 57,750

Key Support: 57,300, 57,000

Strategy: Sell Bank Nifty Futures around 57,700, with a stop-loss of 57,850 and a target of 57,500–57,350.

Osho Krishan, Chief Manager - Technical & Derivative Research at Angel One

Bank Nifty witnessed subdued price action during the last week. The index formed a lower-high/lower-low structure, indicating continued profit booking at higher levels. However, the decline remains controlled, as Bank Nifty managed to close around the 57,500 zone, which is an important short-term 200-day DSMA and is likely to act as a support area. The weekly momentum remains neutral, with RSI around the 50 zone, suggesting that the index needs a decisive breakout for a fresh directional move.

Going forward, the 57,300–57,250 zone is the key support area. Holding this zone could keep the index in consolidation and allow a recovery towards 58,000–58,250 initially. The major resistance remains around 58,700, which is also marked by the falling trendline and a repeated rejection zone on the 4-hour chart.

A sustained breakout above 58,700–59,000 would improve the structure and open the way towards 59,500–60,000. Conversely, a decisive break below 57,250 could aggravate selling pressure towards 56,800–56,500 in the upcoming week.

Key Resistance: 58,000, 58,250

Key Support: 57,250, 56,500

Strategy: Buy Bank Nifty Futures on dips around 57,000, with a stop-loss of 56,500 and a potential target of 58,250.

Report by Sunil Sankar Matkar 

Disclaimer: The views and investment tips expressed by experts on are their own and not of us or our analysts . We advise traders  to check with certified experts before taking any investment decisions.

16/08/26, Three major defence procurement programmes worth an estimated Rs 1.53 lakh crore could emerge as key drivers of India’s defence ordering cycle, with potential orders for Mazagon Dock Shipbuilders, Bharat Electronics and Garden Reach Shipbuilders & Engineers, according to the brokerage firm Antique Stock Broking.

The firm, in its report “India Defence Sector – Ordering to Gain Momentum”, identified the P-75I submarine programme, QRSAM system and Next-Generation Corvette (NGC) programme as marquee orders expected to be placed in the near term.

The estimated value of the three programmes is around Rs 90,000 crore for P-75I, Rs 30,000 crore for QRSAM and more than Rs 33,000 crore for NGC. The potential awards come at a time when order inflows for listed defence companies fell around 17% in FY26, with Antique Stock Broking attributing the decline partly to delays in finalising large programmes.

The brokerage said that contractual negotiations for these projects have been completed and that final clearance from the Cabinet Committee on Security (CCS) could pave the way for the orders.

P-75I: Rs 90,000 crore submarine programme

The largest of the three expected orders is the P-75I conventional submarine programme, which the brokerage report estimates at around Rs 90,000 crore and expects to be awarded to Mazagon Dock Shipbuilders (MDL). The report stated that MDL may have completed contractual negotiations for the programme and is awaiting final CCS approval, which it expects could be finalised in the next few weeks.

The brokerage said the programme would massively expand MDL’s existing orderbook, which it puts at around Rs 18,000 crore elsewhere in the report.

Its naval shipbuilding market table puts the cost of the programme at Rs 70,000 crore, with the status described as contractual negotiations having started with MDL. The two figures are presented differently in the report and are not reconciled.

Beyond P-75I, the brokerage expects MDL could receive an additional order for three more submarines, mostly based on the TKMS design, during the current fiscal year.

According to the report, the two submarine orders together could be worth Rs 1.3-1.4 lakh crore, which would be more than seven times MDL’s current order book.

MDL’s larger order funnel

The submarine programmes are only part of the potential pipeline identified for MDL. The report lists potential future requests for proposals for:

P17B Frigates: Rs 70,000 crore

Mine Counter Measure Vessels: Rs 40,000 croreLanding Platform Docks: Rs 40,000 croreDestroyers: around Rs 48,000 crore

The P17B and other programmes are expected to feature in the FY27/FY28E pipeline, while the Destroyers programme could receive an AoN in FY28, according to the report.

For the Landing Platform Docks, MDL is expected to bid jointly with Swan Defence. Taking these programmes together with other potential orders, Antique Stock Broking estimates MDL’s total order funnel at more than Rs 2.9 lakh crore, almost 14 times its current order book.

The report also says MDL is in discussions with France’s Naval Group for building a Scorpene-class submarine for an unspecified Asian country.

QRSAM: Rs 30,000 crore missile opportunity

The second major programme is the Quick Reaction Surface-to-Air Missile (QRSAM) system, estimated at around Rs 30,000 crore.

Antique Stock Broking expects Bharat Electronics (BEL) to receive the main order and said the programme could be finalised by Q2FY27.

But the QRSAM programme could create a significant opportunity for Bharat Dynamics Ltd (BDL) as well.

The brokerage estimates BDL’s component supply share at around 40% of the programme value, translating into approximately Rs 12,000 crore in direct revenue. The execution is expected to take around 36 months. BDL’s potential QRSAM opportunity comes on top of its existing order pipeline. The company won orders worth around Rs 6,000 crore in FY26, including orders for ATGMs and INVAR missiles, taking its order book to approximately Rs 21,000 crore.

For FY27, Antique Stock Broking expects BDL to win orders worth around Rs 20,000 crore, including QRSAM, Astra Mk II and MR-SAM programmes.

The company also has an outstanding Akash missile order worth Rs 7,000 crore, which is expected to be executed through FY29.

BEL’s wider pipeline extends beyond QRSAM

For BEL, the potential QRSAM order forms part of a much broader pipeline. The report identifies NGC and P75I, along with Hammer Alpha, Shakti Phase IV, Shatrughat and Samaghat, among the company’s other programmes.

BEL is also expected to secure orders for Combat Management Systems (CMS) for both the NGC and P75I programmes. The company has an export order book of $465 million, according to the report. BEL is actively pursuing opportunities worth around four to five times its existing export order book and expects to convert approximately $300 million of these opportunities into orders during FY27.

Antique Stock Broking said BEL’s FY27 guidance includes revenue growth of more than 15%, EBITDA margins above 28% and fresh order inflows of around Rs 55,000 crore. Including QRSAM, the brokerage suggested that order inflows could exceed Rs 60,000 crore.

BEL has planned annual capex of Rs 1,200 crore, along with another Rs 2,200 crore allocated towards research and development.

NGC: Rs 33,000 crore opportunity for GRSE

The third major programme is the Next-Generation Corvette, estimated at more than Rs 33,000 crore. The report identifies Garden Reach Shipbuilders & Engineers (GRSE) as the L1, or lowest, bidder for the programme. The order is currently awaiting final CCS clearance.

GRSE’s current order book is estimated at around Rs 12,000-13,000 crore, according to the report. The shipbuilder is also positioned for the P17B Frigates programme, estimated at around Rs 70,000 crore.

Under the P17B programme, the L1 bidder would build four frigates, while the L2 bidder would build three.Antique Stock Broking estimates that including the P17B opportunity, GRSE’s order book could reach around Rs 75,600 crore by FY28E, which would be about 4.9 times its FY26 order book.

Why these three orders matter

The three programmes could have a multiplier effect across India’s defence industrial ecosystem. The P-75I programme would provide a major boost to domestic submarine construction. QRSAM would create opportunities not only for BEL but also for missile manufacturer BDL, while the NGC programme would strengthen GRSE’s naval shipbuilding pipeline.

The programmes also illustrate how a single large defence contract can generate orders across multiple companies rather than benefiting only the primary contractor.

For instance, QRSAM could result in around Rs 12,000 crore of direct revenue for BDL, while BEL is expected to participate through the system as well as through related Combat Management System orders.

Article written by Ajay Joseph 

Source: Financial Express

15/08/26, Happy 80th Independence Day

 

14/08/26, India’s electronics exports have grown

India’s electronics exports have grown more than 11 times, reaching Rs 4.24 lakh crore in FY2025-26. Mobile phone manufacturing has been the main driver, supported by government incentives and the expansion of local suppliers. Women now make up nearly 30% of the workforce in the wider electronics manufacturing sector.

The government data also shows that electronic goods have become India’s third-largest export category. Exports were valued at USD $ $47.96 billion in FY25. Electronics exports increased from Rs 38,000 crore to Rs 4.24 lakh crore over the period.

Mobile phone exports have also risen sharply, reaching Rs 2.59 lakh crore. The industry has generated about 12 lakh jobs, with women accounting for nearly 70% of employment in mobile manufacturing.

Policy push strengthens domestic manufacturing

The growth has been supported by initiatives including the Production Linked Incentive (PLI) Scheme, the Electronics Components Manufacturing Scheme (ECMS), the India Semiconductor Mission (ISM) and Modified Electronics Manufacturing Clusters (EMC 2.0).

These programmes are intended to attract investments, increase domestic production, develop component supply chains and reduce India’s dependence on imported electronics. The policy focus has gradually expanded from assembling finished products to building capabilities in components, semiconductors, design, testing and advanced manufacturing.

The PLI scheme has played a particularly important role in attracting large manufacturers and global electronics companies to India. It has encouraged companies to increase production for both the domestic market and exports, while helping establish supplier networks around major manufacturing locations.

The government’s data shows that electronics production increased from Rs 18,000 crore in 2014-15 to Rs 6.27 lakh crore in 2025-26, reflecting the rapid expansion of manufacturing capacity and output.

Mobile phones become India’s top export product

Mobile phones have been the main engine of India’s electronics export growth. India has emerged as the world’s second-largest mobile phone manufacturer, while mobile phones have risen from the 153rd-largest export item in FY2014-15 to the country’s largest export product in FY2025-26.

Mobile phone exports increased 165-fold, from Rs 1,500 crore to Rs 2.59 lakh crore during the period. The increase reflects the expansion of smartphone assembly, the entry of global manufacturers, stronger supplier networks and the growing use of India as an export base.

The rise has also changed India’s position in global electronics supply chains. The country is no longer only a large consumer market; it is increasingly serving as a manufacturing and export hub for smartphones and other electronic goods.

Women now comprise 30% of electronics manufacturing workforce

Women now comprise nearly 30% of the workforce across India’s electronics manufacturing ecosystem. The government has described the industry as an example of inclusive industrial development, with women playing a significant role in the expansion of mobile phone and electronics production.

The strongest participation is visible in mobile manufacturing, where women account for close to 70% of the workforce. Their presence has made electronics factories an important source of formal industrial employment for women, particularly in assembly, quality control, testing and related production roles.

The trend is also creating demand for supporting facilities such as safe transport, hostels, childcare, skilling programmes and workplace health and safety systems. As India develops more sophisticated capabilities in components, semiconductors and electronics design, employment opportunities for women could extend beyond assembly lines to technical, supervisory and engineering roles.

The Ministry of Electronics and Information Technology (Meity) has separately indicated that electronics manufacturing created nearly 25 lakh jobs over the past decade, with women accounting for close to 30% of the workforce.

Digital economy contributes up to 14% of GDP

The manufacturing expansion is taking place alongside the rapid growth of India’s digital economy, which now accounts for up to 14% of GDP, according to the government data. Internet connectivity has expanded sharply. The number of internet subscribers increased from 25.15 crore in 2014 to more than 109.2 crore by March 2026, more than quadrupling over the period.

Wireless data costs have also fallen significantly, from Rs 308 per gigabyte in 2014 to Rs 7.51 per gigabyte in 2026. Lower data prices have helped make smartphones, digital payments, online education, e-commerce, streaming services and government platforms more affordable for consumers.

The expansion of digital access has also created a larger market for smartphones, telecom equipment, cloud services, data centres and digital applications. This creates a direct link between India’s electronics manufacturing strategy and the growth of its wider digital economy.

Mobile broadband speeds improve and 5G reaches almost every district

India’s mobile internet speeds have improved sharply. Average download speed rose from 13.67 Mbps in March 2022 to 132 Mbps in December 2025, according to Ookla data. Faster connections support services that need more data and also increase demand for smartphones, telecom equipment and digital infrastructure.

5G services now cover 99.9% of districts across the country, with 5.63 lakh 5G base stations reported in June 2026. The government has also said that 4G services cover 6.31 lakh villages through Bharat Sanchar Nigam Limited (BSNL) and other telecom operators.

The expansion has brought more rural consumers, small businesses, students and public-service users into the digital economy. It is also supporting the use of digital tools in areas such as agriculture, finance, healthcare, education and commerce.

India’s next challenge is increasing the domestic electronics value created, which requires more local production of semiconductors, displays, batteries, camera modules, printed circuit boards, sensors, power-management systems and manufacturing equipment.

Written by Sheenu Sharma  of Financial Express

14/08/26, Commodities Report

Crude oil

West Texas Intermediate (WTI) crude futures fell 0.04% to trade at $81.22 per barrel. On the other hand, Brent Crude  futures were trading 0.03% higher at $87.10, below the psychologically important level of $90. On COMEX, crude prices traded 0.04% lower at $81.22 a barrel.

Gold rate today

On COMEX, the precious metal was trading at $4,381.10 an ounce, up 0.89%.

The rate for 24 carat gold today is Rs 1,53,540 per 10 grams. The price of gold has fallen 0.83% from yesterday. The 24 kt gold rate today in Delhi is Rs 1,53,060 per 10 grams. The 18-carat gold price today in India is Rs 1,15,155.  

Silver rate today

On COMEX, Silver prices traded 1.57% lower at $63.97 per troy ounce.

In India, the Silver fell 0.81% to Rs 2.36 lakh per kilogram.

Silver had surged to record highs in January amid geopolitical tensions and economic uncertainty, with heavy speculative buying pushing prices higher, but soon faced volatility.

Report by Sparsh Bansal of Financial Express 

14/08/26, Stock Market Today

The cues for Indian markets are a mixed bag this morning. The Asian markets are trading on a higher note, while the US Futures are flat. Crude prices fell below $90. However, the  GIFT Nifty is indicating a negative start for Indian markets. It is down 24 points or 0.10%. 

Earlier on Thursday, the Nifty50 closed the session 0.15% lower at 24,435.95, while the Sensex closed 0.24% lower at 77,966. 

Key global and domestic cues for August 14, 2026

Asian Markets

 Asia-Pacific markets opened Friday’s trade on a higher note, tracking broad gains in US tech amid lower oil prices and a flat producer price inflation reading. Japan’s Nikkei 225 added over 0.75% while the Topix rose 0.23%. South Korea’s Kospi advanced 2.54% at open, while the small-cap Kosdaq gained 1.10%. Hong Kong’s Hang Seng index futures were at 25,214, lower than the index’s last close of 25,396.51.

US market on Thursday

On Thursday, the  US stock markets  rose to a fresh all-time intraday high as oil prices declined and traders digested more inflation data. The S&P 500 index added 0.65% and surpassed 7,800 for the first time ever, closing at a record of 7,798.99. The Nasdaq Composite gained 0.81% to end at 26,803.03. The Dow Jones Industrial Average inched up 0.13%, or 69.72 points, to 53,839.99.

Report by SparshBansal,  FinancialExpress

13/08/26, Larsen & Toubro (L&T) has secured a mega order worth in the range of Rs 10,000-15,000 crore to build what it described as India’s largest single-cluster AI infrastructure, marking its entry into the AI Factory business.

 

“Vyoma.AI, an L&T company, through its AI infrastructure subsidiary LTN Compute, has secured India’s largest single-cluster AI infrastructure — an NVIDIA B300 AI Factory — for a US-based AI cloud innovator,” L&T said in its regulatory filing

As part of a strategic partnership with US-based AI cloud company Together AI, L&T will deploy an NVIDIA B300 AI Factory at its Chennai data centre campus. The facility will support large-scale AI training, inference and fine-tuning workloads.

10,000 NVIDIA B300 GPUs

Vyoma.AI, an L&T company, will execute the project through its AI infrastructure subsidiary LTN Compute. The AI Factory will have a capacity of 10,000 NVIDIA B300 GPUs.

The facility will host Together AI’s AI-native cloud platform and provide high-performance computing infrastructure for customers running advanced AI workloads.

The platform will combine hyperscale data centre infrastructure with accelerated computing, high-performance networking, ultra-low-latency interconnects and high-throughput parallel storage.

This will allow customers to deploy and scale AI workloads through a unified infrastructure platform.

Chennai campus to support expansion

The AI Factory will be hosted at Vyoma’s Chennai data centre campus, which is being developed as a gigawatt-scale AI infrastructure site.

Phase 1 of the campus is designed for 250 MW, while its power infrastructure has a readiness of 150 MVA. This will provide the foundation for further expansion of AI Factory capacity.

L&T said the project will strengthen India’s AI infrastructure ecosystem while supporting global AI innovation.

L&T steps into AI Factory business

The project marks L&T’s foray into the AI Factory business as demand for computing infrastructure grows with the expansion of artificial intelligence applications.

“Artificial Intelligence is becoming foundational to every industry and AI Factories will power this transformation. Our deployment of an NVIDIA B300 AI Factory for Together AI marks a significant milestone in L&T’s Gigawatt AI Infrastructure Mission and reinforces our commitment to making India a global hub for next-generation AI infrastructure,” said S N Subrahmanyan, Chairman and Managing Director, Larsen & Toubro.

Together AI co-founder and CEO Vipul Ved Prakash said the scale of AI infrastructure required globally would be significant.

“Making AI globally accessible is going to be the biggest infrastructure build-out in human history, and L&T understands that. That’s exactly why we partnered with them — to bring the scale, resilience and engineering excellence this moment demands to India,” he said.

LTN Compute expands AI infrastructure presence

LTN Compute is developing AI-ready digital infrastructure across India. Its portfolio includes hyperscale AI data centres, sovereign cloud platforms, AI Factory services, GPU-as-a-Service and managed AI platforms.

The company aims to provide infrastructure for governments, enterprises, cloud providers and AI companies as demand for AI computing capacity increases.

About Vyoma.AI

Vyoma is L&T’s sovereign, secure and integrated AI cloud and hyperscale data centre business, engineered to deliver AI-ready, high-density compute for India and global enterprises. Built on L&T’ legacy of trust, precision and engineering excellence, Vyoma offers sovereign cloud platforms, GPU-asa-Service, hyperscale colocation and mission-critical digital infrastructure that powers government, BFSI, healthcare, manufacturing and high-compute industries worldwide.

Larsen & Turbo Share price

The share price of L&T has increased 1.02% in the intraday trading session. The stock has declined 2.58% so far this year

Written by Khushbu Kumari 

Source: Financial Express

13/08/26, JP Morgan and Morgan Stanley both preferred UltraTech Cement over Shree Cements after the Q1 FY27 results, with pricing and cost control at the centre of their views. JP Morgan preferred UltraTech, while Morgan Stanley also pointed outs its preference for the stock over peers and maintained an Underweight view on Shree Cement.

UltraTech Cement Vs Shree Cement: Q1 performance

The Q1 results showed strong volume growth at both companies, but different margin outcomes: UltraTech maintained operating EBITDA per tonne above Rs 1,200, while Shree Cement’s operating EBITDA per tonne declined to Rs 1,111 from Rs 1,339 in Q1 FY26 as fuel and raw-material costs rose.

The two companies also gave different outlooks for the coming quarters. UltraTech expects capacity additions and improvement initiatives to support operating performance, while Shree Cement expects fuel availability to improve and profitability to recover from Q2 FY27. The brokerage preference comes as both companies focus on sustaining pricing while managing costs.

UltraTech Cement Vs Shree Cement: Brokerages bet on one stock

JP Morgan said cement demand had been stronger than initially expected and pricing had improved across the industry. It preferred UltraTech, citing its scale and ability to manage margins and volumes. Morgan Stanley also said demand had remained good and pricing had offset a significant part of cost inflation. It preferred UltraTech over peers, while its view on Shree Cement was Underweight.

UltraTech reported consolidated revenue of Rs 24,465 crore, EBITDA of Rs 5,146 crore and PAT of Rs 2,604 crore in Q1 FY27. Consolidated cement volume increased 12.2% year-on-year to 41.31 million tonnes, while capacity utilisation rose to 81%. Shree Cement’s consolidated volume increased to 114.5 lakh tonnes from 99.6 lakh tonnes, but operational EBITDA declined to Rs 1,272 crore from Rs 1,333 crore.

UltraTech Cement Vs Shree Cement: Q1 margin woes

UltraTech’s domestic grey cement realisation increased to Rs 5,218 per tonne in Q1 FY27 from Rs 5,163 per tonne in Q1 FY26. Fuel cost increased to Rs 915 per tonne from Rs 874 per tonne. Management said the company had absorbed the cost impact from the West Asia disruption, while renewable power met about 47% of its total power requirements at the end of the quarter.

Atul Daga, Chief Financial Officer, UltraTech Cement, said, “The one big theme for us quarter after quarter is demand. If the demand is good, everything falls in line, and I’m delighted to report that the first quarter of fiscal ’27 has reaffirmed that conviction emphatically.”

Shree faced a more direct disruption to its fuel and raw-material mix. Pet coke’s share of its fuel mix fell to 9% from 54%, while coal increased to 81% from 32%. Fuel cost rose to Rs 1.95 per kcal from Rs 1.82 per kcal. The shortage of Omani gypsum also forced the company to procure more expensive domestic gypsum. Its clinker-to-cement conversion factor fell to 1.50 from 1.58, while trade sales declined to 62% from 71%.

Ashok Bhandari, Senior Advisor, Shree Cement, said, “I feel, barring anything untoward happening in the Gulf war, the fuel price have almost peaked out.”

Bhandari said lower-cost contracted pet coke had started arriving and that the company expected fuel and raw-material costs to stabilise or decline if there was no further deterioration in the Middle East.

UltraTech Vs Shree Cement: Volume growth strong but utilisation differs

UltraTech’s consolidated cement volume increased 12.2% year-on-year in Q1 FY27, while domestic grey cement volume rose 13.1%. Capacity utilisation increased to 81% from 76%. Management said demand remained strong across infrastructure, housing and urban real estate.

Shree’s consolidated volume increased to 114.5 lakh tonnes from 99.6 lakh tonnes in Q1 FY26. Management said Indian operations recorded volume growth of more than 15%. Consolidated capacity utilisation was 62%, broadly similar to the year-earlier level despite the expanded capacity base. North utilisation was 66%, East 60% and South 57%.

Subhash Jajoo, Chief Financial Officer, Shree Cement, said, “Overall, it is 62%, which was almost the same as last year. Obviously this is at an expanded base because a lot of capacities have also come up.”

Shree’s South sales increased to about 16.9 lakh tonnes from 11 lakh tonnes, while North volumes grew 20%. East volumes remained broadly flat, with management citing the impact of lower-quality coal on clinker production.

UltraTech Cement Vs Shree Cement: Pricing in focus

Morgan Stanley said cement prices had increased about 4% quarter-on-quarter on average and that pricing had offset a significant part of cost inflation. It expects elevated costs to continue through Q2 FY27 before gradually normalising in the second half of FY27, provided geopolitical conditions do not worsen.

JP Morgan also said pricing discipline remained important for cement earnings and that companies had raised prices during Q1 FY27.

For UltraTech, Q2 FY27 remains a future period. Management expects the July-September quarter to carry the full impact of the West Asia disruption and the monsoon. Daga estimated that the sequential cost increase could be around Rs 130-140 per tonne and said cement pricing is expected to remain resilient through the monsoon quarter.

Shree management expects a different trajectory. Bhandari said fuel costs had almost peaked and that the arrival of contracted pet coke should help. The company expects the earlier disruption to the fuel and raw-material mix to ease, provided there is no further deterioration in the Middle East.

UltraTech Vs Shree Cement: Capacity expansion sets different growth paths

UltraTech ended Q1 FY27 with total capacity of 205.5 million tonnes, including 200.1 million tonnes in India. It commissioned 8.7 million tonnes of grey cement capacity during the quarter. Projects under execution carry capex of about Rs 17,000 crore over the next two to 2.5 years, and consolidated capacity is expected to exceed 242 million tonnes. Grey cement capacity is expected to reach 212.7 million tonnes by the end of FY27.

UltraTech had deployed about Rs 9,500 crore in capex during FY26. Management said the growth capex and cost-improvement initiatives were being funded through internal accruals. Net debt to EBITDA stood at 0.87x at the end of Q1 FY27, compared with 0.94x at the beginning of FY27.

Shree maintained FY27 capex guidance of Rs 1,500 crore after spending Rs 456 crore in Q1 FY27. Its Ras Al Khaimah expansion is expected to take UAE capacity to 7 million tonnes by Q3 FY27. The company is also targeting commissioning of its Northeast project in Q4 FY28.

The expansion programmes have different scales and regional priorities. UltraTech is adding capacity across India while investing in renewable power and cost initiatives. Shree is expanding in the UAE and East and expects these businesses to account for a larger share of consolidated revenue over time.

UltraTech Vs Shree Cement: Management guidance points to recovery

UltraTech expects its India capacity to reach 212 million tonnes by March 2027 and 235 million tonnes by March 2028. Management also expects renewable power capacity to reach between 2.5 GW and 3 GW shortly.

On margins, Daga indicated that the company expects to reach EBITDA per tonne of Rs 1,400 in the January-March 2028 quarter, provided there is no war. This is a management expectation for a future period.

Shree maintained its FY27 volume guidance at 40 million tonnes. It had completed about 10.4-10.5 million tonnes in Q1 FY27 and expects 9-9.5 million tonnes in Q2 FY27. Management expects healthier profit from Q2 FY27 onwards and expects fuel costs to remain broadly stable as contracted pet coke becomes available.

The company also expects UAE capacity to reach 7 million tonnes by Q3 FY27 and continues to target commissioning of the Northeast project in Q4 FY28.

UltraTech Cement vs Shree Cement: What JP Morgan and Morgan Stanley expect

JP Morgan preferred UltraTech after assessing Q1 demand, pricing and operating trends. The brokerage said demand had been stronger than initially expected and pricing discipline remained important for cement earnings. Its preference for UltraTech was linked to the company’s scale and ability to manage margins and volumes.

Morgan Stanley also preferred UltraTech over peers. Its assessment said demand had remained good, while pricing had offset a significant portion of cost inflation. The brokerage expects elevated costs through Q2 FY27, followed by gradual normalisation in the second half of FY27 if geopolitical conditions do not worsen. Morgan Stanley maintained an Underweight view on Shree Cement.

The brokerage preference comes against different Q1 operating outcomes. UltraTech combined double-digit volume growth with 81% capacity utilisation and operating EBITDA per tonne above Rs 1,200. Shree delivered consolidated volume growth of more than 15%, but operational EBITDA per tonne declined to Rs 1,111 because of the fuel and raw-material disruption.

Written by Shivangini Gupta 

Source: Financial Express

Disclaimer: The brokerage preferences, stock views, and financial estimates mentioned in this article reflect the independent research of J.P. Morgan and Morgan Stanley, and do not constitute direct investment advice, an offer, or a solicitation by

13/08/26, BAJAJ HOUSING FINANCE Ltd

On the day Bajaj Housing Finance listed in September 2024, it opened at Rs 150 — 114 per cent above its IPO price of Rs 70. By the third day of trading, the stock had touched Rs 188.45. That price has never been seen again. The current price is Rs 84.75. From that third-day high, the stock has fallen 55 per cent.

The one-year return is negative 24.67 per cent. Year-to-date the return is negative 11.83 per cent. The 52-week high of Rs 117.95 was hit on August 18, 2025. The 52-week low of Rs 72.60 was touched on March 30, 2026. The stock currently sits 28.2 per cent below its 52-week high.

Now read the business alongside that price history. Revenue in Q1 FY27 was Rs 3,063 crore — the highest in company history. PAT in Q1 FY27 was Rs 715 crore — the highest in company history. Gross NPA is 0.29 per cent. Net NPA is 0.12 per cent. Every single quarter since listing has shown higher revenue and higher profit than the one before it.

The business has not declined. The stock has. Those are different things — and the gap between them is the question this article addresses.

What Actually Happened at Listing

The IPO price was Rs 70. The listing price was Rs 150. The third-day high was Rs 188.45. At Rs 188, the market was assigning Bajaj Housing Finance a valuation that priced in several years of future earnings delivery at a premium multiple. Investors who bought at listing were not buying a Rs 70 business — they were buying at 2.7 times the IPO price on the first day.

The subsequent decline from Rs 188 to Rs 84 is therefore only partially a story about Bajaj Housing Finance. It is also a story about what happens when listing euphoria prices a business at levels that even strong execution struggles to justify in the near term. The business has been executing. The multiple compression is what drove the price down — not deteriorating fundamentals.

The Business That the Stock Price is Obscuring:

Revenue has grown at 25.3 per cent compounded over three years, while profit has grown at 26.9 per cent. Three-year EPS growth stands at 18.1 per cent. Financing margin has remained broadly stable at around 29–31 per cent in recent years, indicating resilience in the underlying financing business. However, reported NIM has started to moderate, making margin progression an important factor to monitor going forward.

The quarterly progression since listing confirms no deterioration.

Revenue has increased sequentially in every quarter, while profit has maintained a strong upward trajectory apart from a small dip in Q1 FY26. The asset-quality numbers remain a key strength. Gross NPA peaked at 0.30 per cent in Q1 FY26 before improving to 0.26–0.27 per cent in subsequent quarters, although it edged up to 0.29 per cent in Q1 FY27. Net NPA stood at 0.12 per cent in Q1 FY27. Despite the modest sequential movement, asset quality remains exceptionally strong.

Why the Stock Has Fallen Despite the Business Growing

Three factors help explain the gap between the company’s operating performance and its stock price.

The first is the correction from listing euphoria. A stock that listed at Rs 150 against an IPO price of Rs 70 and subsequently touched Rs 188.45 had embedded very high expectations into its valuation. Even strong earnings growth can struggle to justify such a starting multiple in the near term. The subsequent correction therefore reflects not only business performance but also a significant normalisation of the valuation investors were willing to pay.

The second is the changing economics of mortgage growth. Management expects NIM to moderate by 20–25 basis points during FY27. The reason is important: in a stable interest-rate environment, higher-yielding legacy loans are being replaced by newer loans originated at lower yields, while competitive intensity limits the company’s ability to increase pricing.

The third is the level of returns relative to the valuation. BHFL is growing rapidly, but FY27 ROE is currently expected at only 12–13 per cent. For a company trading at more than 3x book value, the market needs evidence that incremental capital can generate higher returns over time. The key question is therefore not whether BHFL can grow, but whether it can grow while improving returns on equity.

The operating momentum, however, remains strong. AUM reached Rs 1.50 lakh crore in Q1 FY27, up 24 per cent year-on-year, while quarterly disbursements rose 33 per cent to Rs 19,509 crore. Management described the quarter as having the highest-ever quarterly AUM addition and disbursement. This shows that the core growth engine remains intact even as the profitability profile faces some pressure.

Where the Stock Currently Stands

At Rs 84.75, the stock trades at a P/E of 26.1x against an industry P/E of 13.5x. Price to book stands at 3.14x against an industry PBV of 1.82x. This means the stock remains expensive relative to the broader housing-finance sector, despite having corrected sharply from its peak. The valuation therefore cannot be justified merely by the fall in the share price; it needs to be supported by superior growth, asset quality and improving returns on equity.

This is the central tension in the current price. On one hand, the stock is still at nearly double the industry P/E multiple — Bajaj Housing Finance is not cheap by sector standards regardless of how much it has fallen. On the other hand, a business with 30 per cent financing margins, 0.29 per cent gross NPA, consistent quarterly profit growth and the backing of the Bajaj brand arguably deserves a premium to sector peers whose NPA ratios and growth trajectories are less impressive.

ROE of 12.1 per cent and a three-year average of 13.3 per cent are respectable but not yet high enough to make a 3x-plus price-to-book valuation self-evident. The key valuation trigger will therefore be an improvement in return on equity without compromising asset quality or growth. Management currently expects FY27 ROE in the 12–13 per cent range.

The Honest Risks

The biggest risk is margin compression rather than asset quality. Management expects NIM to moderate by 20–25 basis points in FY27 as competitive intensity remains high and higher-yielding legacy loans are replaced by lower-yielding new loans.

The second risk is that strong balance-sheet growth may not immediately translate into proportionately higher returns. Management expects ROE at 12–13 per cent for FY27, meaning the company still has to demonstrate that scale and operating efficiencies can eventually push returns higher.

Negative free cash flow of Rs 19,938 crore should not be interpreted in the same way as it would for a manufacturing company. Lending businesses naturally consume cash as their loan books expand. The more relevant factors are access to funding, liquidity and balance-sheet strength. BHFL had a liquidity buffer of Rs 2,516 crore and an LCR of 158 per cent at June 2026, well above the 100 per cent regulatory requirement.

Promoter ownership remains high at 86.7 per cent, with no pledged shares. However, the high promoter holding also means that compliance with minimum public-shareholding requirements can result in periodic stake sales and temporary supply pressure on the stock.

The Question the Current Price Forces

From the Rs 70 IPO price, the stock at Rs 84.75 still represents a gain for IPO investors. From the Rs 150 listing price, however, it represents a substantial loss, while the fall from the Rs 188.45 all-time high is even sharper. The relevant reference point for a new investor is neither the IPO price nor the peak — it is the earnings power and valuation the business can support today.

And that is where the investment debate becomes interesting. BHFL is not showing signs of a deteriorating franchise. AUM grew 24 per cent year-on-year in Q1 FY27, disbursements grew 33 per cent, PAT grew 23 per cent, and asset quality remained exceptionally strong with GNPA at 0.29 per cent and NNPA at 0.12 per cent.

At the same time, the stock is not obviously cheap. At around 3.1x book value and 26x earnings, investors are still paying a significant premium to the sector. Management expects NIM to moderate by 20–25 basis points and ROE to remain at 12–13 per cent during FY27.

Therefore, the investment case is no longer simply about whether Bajaj Housing Finance can grow. It is about whether the company can sustain 20 per cent+ AUM growth, preserve its exceptional asset quality and gradually improve ROE while navigating margin pressure. If returns on equity improve meaningfully as the loan book scales, the current valuation could become easier to justify. If ROE remains around 12–13 per cent while NIM continues to compress, the premium valuation could remain a ceiling on the stock despite continued earnings growth.

That is ultimately the gap between the business and the stock price and the next few quarters will determine which side of that equation proves correct.

Written by Dalal Street Investment Journal 

Source: Financial Express 

Disclaimer: This article is for informational purposes only and not investment advice.

13/08/26, TATA MOTORS LTD

 Tata Motors Ltd shares jumped 6 percent in early trade on Thursday, August 13, emerging as the top gainer on the Nifty 100 after the company's commercial vehicles business reported strong Q1 FY27 earnings. Brokerages remained positive on the stock, citing healthy underlying demand, price hikes and expectations of further margin improvement.

The Tata Motors (CV) stock was trading at Rs 484.6, up 6 percent for the day, extending its 1.56 percent gain in the previous session ahead of the quarterly results. The stock is now up 6.8 percentby year-to-date, compared with a 6.5 percent decline in the Nifty 50. The company's market capitalisation stood at more than Rs 1.68 lakh crore.

Nomura upgraded Tata Motors CV stock to a 'Buy' rating with a target price of Rs 554 per share, while CLSA maintained an 'Outperform' call with a target price of Rs 596. CLSA's target implies an upside of more than 30 percent from Wednesday's closing price.

Tata Motors CV stock call: Brokerages bullish on margin, demand

Nomura said Tata Motors CV's Q1 EBITDA came in ahead of estimates, supported by strong performance across segments. The brokerage expects margins to improve further following price hikes. It has raised its FY27 medium and heavy commercial vehicle (MHCV) demand growth forecast to 8 percent year-on-year from 5 percent earlier. The brokerage expects MHCV volumes to grow at a healthy double-digit pace in Q2 FY27. It also highlighted strong growth in electric vehicles, with EV penetration reaching 10 percent in the small commercial vehicle segment.

Nomura said the company took a 25 percent price hike in July amid cost pressures and supply constraints. It also said that an export order from Indonesia is expected to be delivered over FY27 and FY28, while the Iveco deal is expected to close by early November 2026.

CLSA also remained positive on Tata Motors CV stock. It said underlying demand continues to be healthy, and Q2 FY27 volume growth is expected to remain in double digits. According to CLSA, the Q1 EBITDA margin was around 50 basis points ahead of consensus despite commodity inflation weighing on profitability. The brokerage said operating leverage and price hikes partly offset the impact of higher commodity costs, while the July price increase and cost-reduction measures should help mitigate inflationary pressures going ahead.

Tata Motors CV Q1 FY27 results

Tata Motors Commercial Vehicles reported an 83 percent year-on-year increase in consolidated net profit to Rs 2,560 crore for the quarter ended June 30, aided by demand from infrastructure, logistics and freight customers. Consolidated revenue from operations rose 19.3 percent year-on-year to Rs 20,667 crore, while EBITDA increased 8.6 percent to Rs 2,640 crore. The EBITDA margin stood at 15.83 percent, compared with 11.98 percent in the corresponding quarter of the previous year.

Written by Shaleen Aarawal,

Source:Moneycontrol

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Disclaimer: The views and investment tips expressed by experts are their own and not those of us. We advises readers to check with certified experts before taking any investment decisions.

13/08/26, Gold Price for Today...

Gold prices in India  are expected to witness buying momentum due to improved sentiments in the global bullion market after the US inflation rate came softer than expected. On August 13, at top jewelers of India, 22 carat held above Rs 14,200 per 1-gram mark, while 24-carat and 18-carat gold rates were above Rs 15,500 and Rs 11,650. The outlook for gold is positive as rate hike fears ease in the upcoming policy.

What Is Impacting Gold Prices Today? As per Ponmudi R, CEO of Enrich Money, global risk appetite improved after softer-than-expected U.S. inflation data reinforced expectations that the Federal Reserve is likely to keep interest rates unchanged at its September meeting. Accordingly, after better-than-expected US CPI Inflation rate, global bullion market stood steady with spot gold at 10-weeks high. Data released Wednesday showed US consumer inflation slowed for a second consecutive month to 3.4% in July, while rising just 0.1% from the previous month. Investors now await producer inflation data due later in the global day for further clues on the trajectory of price pressures. Markets now see around a 40% chance of a 25 basis point rate hike from the Fed in September, down from nearly 50% a day earlier. Gold also drew support from a pullback in oil prices as investors assessed the prospects of a deal to reopen the Strait of Hormuz. However, escalating rhetoric between the US and Iran amid deadlocked negotiations reduced the likelihood of an imminent agreement, as per Trading Economics.

 Written by Pooja Jaiswal of 'goodreturns'

Desclimer: Above article is only to mean educational purposes... Do not consider as trading advice  

13/08/26, Commodities Report

 

Crude oil

West Texas  (WTI) crude futures fell 1.12% to trade at $82.31 per barrel. On the other hand, Brent crude futures were trading 1% lower at $88.06, near the psychologically important level of $90. On COMEX, crude prices traded 1.45% lower at $82.06 a barrel.

Gold rate today

On COMEX, the precious metal was trading at $4,487.60 an ounce, up 0.45%.

The rate for 24-carat gold today is Rs 1,41,918.3 per 10 grams. The price of gold has risen 0.81% from yesterday. The 24 kt gold rate today in Delhi is Rs 1,54,550 per 10 grams. The 18-carat gold price today in India is Rs 1,16,115. The 24-carat gold rate in Dubai today is Rs 1,49,590. 

Silver rate today

On COMEX, Silver prices traded 0.43% higher at $65.98 per troy ounce.

In India, the silver rate surged 1.09% to Rs 2.38 lakh per kilogram.

Silver had surged to record highs in January amid geopolitical tensions and economic uncertainty, with heavy speculative buying pushing prices higher, but soon faced volatility.

FII, DII data

Foreign institutional investors (FIIs) were net sellers of shares worth Rs 1,002.50 crore. On the other hand, the Domestic institutional investors (DIIs) were net buyers of shares worth Rs 5,841.66 crore on August 12, 2026, according to the provisional data available on the NSE.

US dollar

The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading 0.03% lower at 99.94. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee appreciated 0.13% to close at 95.33 to the dollar on August 12.

Written by SparshBansal 

Source: Financial Express