| Market Pulse |
Thursday, 16 July, 2026 |
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Market Snapshot
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📊
Nifty 50
24,078.5
+0.11%
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📈
Sensex
77,185.43
+0.17%
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🏦
Bank Nifty
57,757.85
+0.51%
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Yesterday, the Indian markets saw a modest uptick with the Nifty 50 and Sensex closing up by 0.11% and 0.17% respectively, driven largely by gains in banking and financial services. The market breadth was slightly positive with more advances than declines. Foreign Institutional Investors (FIIs) were net buyers, injecting ₹171 Cr, while Domestic Institutional Investors (DIIs) pulled out ₹601 Cr, indicating mixed institutional sentiment. Overnight, geopolitical tensions, particularly related to the US-Iran standoff, continued to influence global commodity prices, especially oil.
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The Big Story
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📰 FEATURED
Centre nearly doubles windfall tax on diesel, ATF exports as oil surges; cuts petrol levy
EnergyAuto
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Expect pressure on oil and transportation stocks; consider impact on inflation.
WHY IT MATTERS
Increased windfall tax on diesel and ATF will pressure margins of oil companies and affect transportation costs.
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Quick Takes
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global macro • positive
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India-UK trade pact takes effect, cutting tariffs and boosting services trade
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Export-oriented sectors like IT and pharma may benefit; consider exposure.
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Read full report →
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global macro • negative
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Trump tightens squeeze on Iran: 'Guardian' US to blockade Iranian ports, charge 20% on ships crossing Hormuz
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Prepare for potential volatility in energy stocks and currency markets.
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Read full report →
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global macro • negative
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Trump says US will take over Strait of Hormuz: 5 reasons why Iran and geography stand in the way
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Energy sector may face pressure; consider hedging strategies.
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Read full report →
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india macro • positive
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Cabinet approves mobile phone manufacturing scheme with layout of Rs 62,500 crore
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Invest in telecom and IT sectors as policy supports manufacturing growth.
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Read full report →
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commodities • negative
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Dow Jones Futures: Oil Prices Hit $80 On Iran News, ASML Pops On Earnings With Nasdaq At Key Level
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Short-term pressure on oil-dependent stocks expected; monitor USD/INR levels.
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Read full report →
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commodities • negative
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Oil Prices Climb for Fourth Day as Iran Threatens New Energy Chokepoints
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Expect volatility in energy stocks; watch for currency impact.
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Read full report →
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FII / DII Activity
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FII/FPI
Bought
₹171 Cr
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DII
Sold
₹601 Cr
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FIIs bought ₹171 Cr, DIIs sold ₹601 Cr today.
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Market Breadth
Advances: 888 ·
Declines: 821 ·
A/D Ratio: 1.08
Mixed participation across market
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Sector Performance
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PSU Bank
+1.0%
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Fin Services
+0.6%
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Bank
+0.5%
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Energy
+0.5%
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Pharma
+0.4%
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Auto
+0.4%
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Infra
-0.1%
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Realty
-0.4%
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Media
-0.5%
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FMCG
-0.5%
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IT
-0.7%
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Metal
-1.1%
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PSU Bank, Fin Services led gains while IT, Metal underperformed. Cyclicals leading indicates risk-on appetite.
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Technical Levels
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Nifty 50
| Support |
23,958 / 23,837 |
| Resistance |
24,167 / 24,255 |
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Bank Nifty
| Support |
57,262 |
| Resistance |
57,859 |
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Nifty is in sideways trend. Trading below 200 DMA suggests caution.
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Global Cues
| S&P Futures: +0.38%
Global cues mixed; expect range-bound opening
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Commodities & Forex
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Gold
₹1,41,900
-0.25%
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Silver
₹2,20,750
+0.06%
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USD/INR
Rs 96.24/USD
-0.01%
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Macro / Economic Events
| 📌 |
5 earnings results expected |
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| 📌 |
US Fed Interest Rate Decision |
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Looking Ahead
| 👀 |
US Fed Interest Rate Decision |
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Corporate Actions
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SBI
Funds Management IPO Day 3 Live: Last day today; NIIs lead with 6.58x subscription
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Wipro
s to watch: Wipro, Jio Financial, Ather Energy among shares in focus today; check list here
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Axis Bank
Q1 preview: Strong earnings seen; NIMs, dividend in focus
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Earnings Calendar
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Wipro
16 Jul
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Tech Mahindra
16 Jul
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Polycab India
16 Jul
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DISCLAIMER
This newsletter is for informational and educational purposes only. It is not investment advice.
Markets are subject to risks, and past performance is not indicative of future results.
Consult a registered financial advisor before making investment decisions. We are not registered
investment advisors with SEBI or any other regulatory body.
AI DISCLOSURE: Some analysis is generated using AI technology and curated by our editorial team.
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