Stock News Highlights
Marksans Pharma (+12.06%): Shares gained after Q1 net profit surged 2.5x to ₹157 crore, while revenue rose 36% and EBITDA margin expanded to 25.3%, reflecting strong operational performance.
NALCO (+8.25%): Shares gained as aluminium prices climbed on Brazil’s Alunorte output cut, Middle East disruptions and declining LME inventories, supporting the company’s earnings outlook.
Godrej Consumer Products (-11.22%): Shares fell after CEO Sudhir Sitapati resigned, raising investor concerns over the leadership transition and weighing on sentiment despite improved shareholder returns during his tenure.
PI Industries (-9.05%): Shares declined after Q1 FY27 PAT fell 39% YoY to ₹244 crore, while revenue declined 10% to ₹1,681 crore, impacted by weak exports and delayed monsoon-linked sales.
Sectoral Performance
Nifty PSU Bank (+2.05%): The sector was the quiet outperformer, supported by 14% YoY earnings growth on lower provisions and strong loan growth, led by SBI, PNB and Bank of Baroda.
Nifty Media (+1.05%): The sector advanced despite mixed market breadth, with 4 gainers and 6 losers, supported by buying in select media stocks and improving investor sentiment.
Nifty IT (-1.54%): The sector declined after three consecutive sessions of buying, as investors booked profits following recent gains, with TCS, Infosys and Tech Mahindra among the major losers.
Nifty FMCG (-1.54%): The sector extended its decline for a third straight session, pressured by profit booking and weak market sentiment, with 1 gainer and 8 losers.
Market Insights
Technical Level: Nifty opened flat, faced resistance at 24,470 and declined to support at 24,265, before staging a gradual recovery and recouping more than half of its intraday losses.
Advance-Decline Ratio: Market breadth remained negative, with 1,504 stocks advancing against 1,867 declining, indicating broader selling pressure despite the market’s recovery toward the close.
The Big Picture: US inflation data due today could influence Fed rate expectations, with softer CPI potentially supporting a September pause, while hotter readings may revive hike bets.
FII/DII Activity (August 11, 2026): FIIs remained net buyers of ₹258 crore, while DIIs also bought ₹25 crore, indicating modest institutional buying amid the market’s intraday recovery.
Watch Out For Tomorrow
IPO Corner: Milky Mist Dairy Food & Shiprocket closing for subscription Tomorrow, making the IPO robust sentiment.
Macro: USA Inflation Rate YoY (Jul) & Core Inflation Rate MoM (Jul) data scheduled for release tomorrow.
Market Watch: Nifty closed amid sector rotation and negative breadth, with resistance at 24,620 and support at 24,260 likely to remain key levels in the next session. Investors will track US inflation data, which could influence expectations around the Fed’s next policy move. A softer CPI reading may support a pause, while a hotter print could revive rate-hike concerns. On the earnings front, Solar Industries, Tata Motors PV, LG Electronics India, and Max Healthcare are scheduled to report results tomorrow, keeping stock-specific activity in focus.
Word of the day
Volatility
Meaning: Volatility measures how sharply and frequently the price of an asset moves over a given period.
Example: Rising crude prices and global uncertainty can increase market volatility, leading to wider price swings.