Date 17.08.2026
NIFTY OUTLOOK: 24366.00 FII 508.12 cr DII 356.40 cr
(17th AUG – 21st AUG 2026)
As we discussed in the previous report dated 10th August 26 market behaviour remained on the expected lines during the week passed by as due to paused to an uptrend and in absence of buying pressure breakout were failed, resultant into slide of nifty upto our support of 24267 i.e. made a weekly low of 24265.96
Indian equity benchmarks are likely to start Monday’s session on the back foot as weak global cues and renewed geopolitical uncertainty weigh on sentiment. GIFT Nifty was indicating a subdued opening, while the previous week had already seen the Nifty decline around 0.8% and the Sensex fall about 0.6%.
The US-Iran standoff remains one of the biggest risks facing global markets. The memorandum between Washington and Tehran is facing expiry, while both sides continue to accuse each other of violating the earlier understanding. The uncertainty has kept attention firmly on the Strait of Hormuz and regional shipping.
Crude oil prices are again approaching the $90-a-barrel mark, with the market reacting to slower tanker traffic through the Strait of Hormuz and the absence of a breakthrough in US-Iran negotiations. Brent was around $88.5 a barrel in Monday trading.
Gold continues to attract safe-haven demand as investors assess geopolitical risks and changing expectations for global interest rates. International gold was trading around $4,393 an ounce on Monday, maintaining its strong 2026 performance.
Silver remains firmly elevated in the domestic market, with the latest indicative rate around Rs. 2.50 lakh per kg. Silver has benefited from strong investment interest as well as continued demand from industrial applications.
The Indian rupee is expected to remain sensitive to crude prices and developments in West Asia this week. The currency closed at around Rs. 95.45 per dollar on Friday, while traders expect it to remain range-bound as the RBI continues to monitor market conditions.
Reliance Industries is in focus today after announcing its strategic intent to partner with Rolls-Royce for manufacturing fighter-jet engines in India. The development marks a significant move into the country’s defence-manufacturing ecosystem and could strengthen Reliance’s presence in high-technology industrial projects.
Patanjali Foods reported a strong Q1 FY27 performance, with consolidated net profit rising 87% YoY to Rs. 336 cr. Revenue increased about 27% to Rs. 11,300 cr., showing strong growth across its consumer-facing businesses.
Basmati-rice producer KRBL delivered a strong Q1 FY27 performance, with net profit increasing 73% YoY to Rs. 261 cr. The sharp improvement was supported by better margins and a favourable operating performance during the quarter.
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