Market View 24th August, 2026

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

Asian markets traded mixed as investors remained cautious ahead of possible new US economic measures against Iran. South Korea and Japan moved lower, while Australia gained. Attention is also on US Treasury Secretary Scott Bessent’s upcoming press conference, where details of possible sanctions on Iran are expected. US stocks recovered after the previous session’s sharp sell-off. Easing Treasury yields, lower oil prices and stronger labour-market data helped improve investor sentiment. The major US indices ended higher, with the Dow showing the strongest recovery. Indian equity markets remained under pressure, with the Nifty and Sensex declining for the second straight week. However, both benchmarks managed to close marginally higher on Friday, recovering from their provisional levels. Overall, market sentiment remained cautious as investors continued to monitor global developments, oil prices, US policy actions and economic data.

Economic Calendar:

• USD: House Price Index on 25^th August 2026.
• IND: Industrial Production and Foreign Exchange Reserves on 28^th August 2026.
• USD: API Crude Oil Stock Change and GDP Growth Rate and PCE Price Index on 26^th August 2026.
• IND: GDP Growth Rate on 31^st August 2026.

BROKERAGE RADAR:

KOTAK SECURITIES ON NARAYANA HRUDAYALAYA:

Target ₹2350 Earlier Target ₹2220 Recommendation Accumulate, Indian insurance concerns overdone-losses to gradually reduce hereon, Cayman insurance outlook improving; UK margins poised to expand, Core India hospital segment continues to deliver with 39% YOY EBITDA growth, India hospital business trading at attractive valuations, Expect Indian integrated care losses to gradually reduce hereon.

UBS ON APOLLO TYRES:

Target ₹590 Earlier Target ₹580 Recommendation Accumulate, Believe investors remain overly focused on near-term commodity cost headwinds and recent execution challenges, Q2FY27 may see further pressure, given that natural rubber prices increased, Expect a meaningful improvement in earnings thereafter, Project EBITDA to rise 21% YoY in FY28, Believe the market is underappreciating Apollo’s medium-term earnings recovery potential.

MORGAN STANLEY ON VISHAL MEGA MART:

Target ₹146 Recommendation Overweight, Re-appointment of MD & CEO for 5 years; key positive, Uncertainty around management succession has been a key overhang,This could help allay market  concerns to some extent, The stock has been weak, down 14% in the past three months, Stock trades at relatively cheap vs. discretionary peers, despite its consistent execution.

JEFFERIES ON POWER SECTOR:

Private sector to grow faster than PSUs, Believe the private sector will see higher earnings CAGR vs PSUs in the next decade, 63% of India’s incremental power capacity addition over FY26-30E should come from the private sector which will be largely renewable (RE) driven, Estimate factor 6% power demand CAGR over FY26-30E and private sector generation rising at 9%, Remain constructive on the sector with Adani Energy and JSW Energy.

International Markets:

U.S & Europe:

*As per 24^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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