Market View 26th August, 2026

View on market: Volatility persists, eagerly searching for growth:

Global markets remained cautious as weakness in technology and semiconductor stocks weighed on investor Asian markets traded mostly higher on Wednesday, supported by gains in US markets overnight. Falling crude oil prices and lower bond yields improved investor sentiment across the region. Japan’s market remained higher, while South Korea also saw a higher trend, Hong Kong markets also trading higher. US stocks closed higher on Tuesday, led by technology shares. Investors remained focused on Nvidia’s upcoming earnings, which are being closely watched for signals on demand for artificial intelligence and semiconductor stocks. Nvidia also gained during the session, ending its recent losing streak. The broader US market also moved higher. Indian equity markets recovered on Tuesday after the previous session’s decline. The Nifty and Sensex both closed higher, supported by buying interest across the market. The rebound came as investors adjusted positions around the expiry of the monthly futures and options contracts. Overall sentiment improved during the session, helping the benchmarks finish in positive territory.

Economic Calendar:

• USD: API Crude Oil Stock Change and GDP Growth Rate and PCE Price Index on 26^th August 2026.
• IND: Industrial Production and Foreign Exchange Reserves on 28^th August 2026.
• USD: Continuing and Initial Jobless Claims Data on 27^th August 2026.
• IND: GDP Growth Rate on 31^st August 2026.

BROKERAGE RADAR:

MORGAN STANLEY ON CYIENT:

Target ₹820 Recommendation Underweight, Execution remains key to medium-term aspirations, Cyient laid out plans for increasing annuity-based revenue, leading to higher predictability in the business, A large addressable market can open up for a company willing to own outcomes rather than sell capacity, Like the changes being talked about and initiatives being taken to transform the business.

CITI ON FEDERAL BANK:

Target ₹360 Recommendation Neutral, Federal Bank and Jana, clarified no material event or information that requires disclosure, though stated it evaluates various opportunities in the ordinary course of business, Jana can potentially accrete 14%/11% to FB’s advances/deposits; meaningful funding cost arbitrage, Granular, high-yielding PSL compliant secured franchise complements, Potentially offers Federal Bank geographic reach into underpenetrated markets, Federal Bank’s stock reacted negatively as the market perceives risks in any such transaction.

JEFFERIES ON GMR AIRPORTS:

Target ₹135 Recommendation Accumulate, AERA has approved GMR Hyd Airport’s FY27-31 tariff order, Aero tariffs of ₹540-630 through FY29, broadly in line with ests & flat/higher vs FY25-26 levels, AERA’s new Incremental ARR framework defers tariff recovery on large capex until commissioning, Hyd Airport expands capacity from 34mn to 60mn pax, related tariff upside shifts to FY30-31 and will be linked to execution timelines, Recovery mechanism remains intact; only recovery timing changes.

BOFA ON URBAN COMPANY:

Target ₹155 Recommendation Underperform, Down to Underperform after recent rally, Competition remains intense for InstaHelp, Sharp 30% rally since Q1 results; Valuation expensive, Core biz momentum strong; we are ahead of consensus, InstaHelp: Peak competition not behind; losses are high.

International Markets:

U.S & Europe:

*As per 26^th August.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

View on market: Volatility persists, eagerly searching for growth

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