Market View 19th August, 2026

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

Asian markets came under pressure as semiconductor stocks continued to decline, while higher bond yields and geopolitical concerns made investors more cautious. Weakness in technology and chip stocks weighed on overall sentiment, with Japan and other major Asian markets moving lower. US markets also ended on a weak note as rising oil prices, higher Treasury yields and continued selling in semiconductor stocks increased concerns among investors. Technology and AI-related stocks faced the strongest pressure as inflation worries and geopolitical uncertainty remained in focus. Indian markets extended their losing streak, with both major benchmark indices ending lower. Weakness in IT and Realty stocks dragged the market down. The Nifty continued its decline for the sixth consecutive session, reflecting continued caution among investors. Overall, global markets remained under pressure due to rising oil prices, higher bond yields, weakness in technology stocks and ongoing geopolitical risks.

Economic Calendar:

• USD: FOFC Minutes on 19^th August 2026.
• IND: RBI MPC Meetings Minutes on 19^th August 2026.
• USD: Continuing and Initial Jobless Claims Data on 20^th August 2026.
• IND: Infrastructure Output on 20^th August 2026.

BROKERAGE RADAR:

BERNSTEIN ON BIOCON:

Target ₹326 Recommendation Underperform, Keeping Pace, Not Changing the Race, Yesintek Autoinjector Approval Improves Convenience, Not Market Share, Approval is an important competitive catch-up that strengthens Yesintek’s positioning, It is unlikely to materially alter Biocon’s medium-term growth trajectory nor the challenges in its execution blueprint.

UBS ON MARUTI:

Target ₹13970 Recommendation Accumulate, Maruti’s price hike falls short of expectations, Despite 330 bps of Q1 gross margin compression, Maruti’s first FY27 price hike is modest, Capped at Rs 30000 on new bookings and averaging 0.7%, Limited pricing may curb Q2 margin recovery and leave FY27 EBIT margin expectations vulnerable.

MACQUARIE ON L&T FINANCE:

Target ₹400 Recommendation Accumulate, From repair to returns, L&T Finance, a diversified retail lender, has fixed its legacy issues and now targets peer-like growth from a largely retailised book, The stock is attractive, trading at a 35-50% discount to larger peers despite comparable AUM and earnings growth expectations, Outperform as growth, improving returns and a discounted valuation start to converge, Legacy issues fixed, gearing up for the next phase of growth.

JEFFERIES ON TVS MOTOR:

Target ₹5425 Earlier Target ₹4900 Recommendation Accumulate, Annual report highlights four focus areas: global, electric, premiumization & margins, and technology, It is delivering well on exports, EVs, and margin, but overseas investments in Norton and e-bikes have yet to deliver results, Subsidiary investments rose at 29% CAGR over last 5-year, Subsidiaries made losses on combined basis, although mostly limited to Norton and TVS EBike, FCF improved in FY26 despite high investments.

International Markets:

U.S & Europe:

*As per 19^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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