Indian benchmark indices started Thursday’s session in the flat. The Sensex opened at 80,625, up 0.11%, while the Nifty began the day at 24,649.50, gaining 0.12%. The Nifty Bank also joined the rally, opening at 55,209, higher by 0.06%.
Let’s take a look at the key factors to watch in today’s trading session-
Early leaders and laggards
From the Sensex 30 basket, the top performers in early trade included L&T, Maruti, HDFC Bank, Tata Motors, Trent, Infosys. On the other hand, the session saw weakness in NTPC, Tech Mahindra, TCS, making them the notable laggards of the morning.
Earnings buzz: Over 500 firms in the spotlight
It’s a big day on the earnings front, with more than 500 companies set to release their quarterly results. Key names to watch include Indian Oil Corporation, Ashok Leyland, and Vodafone Idea, along with Patanjali Foods, Glenmark Pharma, IRB Infrastructure Developers, Inox Wind, Hindustan Copper, AstraZeneca Pharma, NAVA, and Amara Raja Energy & Mobility, among others.
Stocks likely to stay in focus
A mix of corporate developments, regulatory announcements, and Q1 earnings will keep certain counters active today. BPCL, Infosys, Aditya Birla Fashion and Retail, Brigade Enterprises, RVNL, Vishal Mega Mart, Deepak Nitrite, HG Infra Engineering, Zydus Lifesciences, and Muthoot Finance are among the stocks expected to be on traders radar.
Last trading day before a long weekend
Today marks the final trading session of the week, with markets set to remain shut on Friday, August 15, for Independence Day. Equity, derivatives, and SLB segments on both NSE and BSE will remain closed. After the three-day break, trading will resume on Monday, August 18.
Market outlook
“Markets could see a subdued start mirroring the Gift Nifty index although other key Asian indices are witnessing a sharp fall after recent gains. Although local markets have seen a rebound this week, the upside has been capped amid concerns of Trump’s tariff hikes on India. Technically, Nifty also continues to trade way below its 21 DMA (24803) and 50 DMA (25023). While Indian markets will be closed on Friday on account of Independence Day, investors will be watchfull of the Trump–Putin summit to take place in Alaska tomorrow,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.
Nifty Outlook
“Though yesterday’s upswing also stalled after reaching 24670, the positioning of the oscillators as well as the reversal patterns that are about mature in shorter periodicities encourage us to stick with the upside view. This keeps the 24850-25000-25200 objectives still in play. However, slippage past 24540 today might force us abandon the upswing hopes, though a direct fall to 24000 looks less likely today,” said Anand James, Chief Market Strategist at Geojit Investments.