📈 DAILY MARKET UPDATE
📅 Date – 27 August 2026
1️⃣ VERY IMPORTANT NEWS
• 🇺🇸 US PCE inflation: July headline PCE inflation remained at 3.7% YoY vs 3.6% expected, keeping Fed rate-cut expectations under pressure.
• 🤖 Nvidia results: Revenue came around $96.2B vs $92B expected and next-quarter guidance around $108B vs $104B expected — AI investment cycle remains strong.
• 🛢 Crude falls: Brent around $86.5 and WTI around $81.8, providing some relief to India.
• 💻 IT weakness: Infosys and Wipro ADRs fell ~3%; HCL Tech was downgraded to Neutral by UBS.
• 🏦 HDFC Bank: CEO succession uncertainty remains a near-term overhang.
• 🇮🇳 Indian government: Buffer onions to be sold around ₹35/kg to control seasonal food-price pressure.
• 🌍 Hormuz: Iran-Oman discussions on a temporary shipping corridor are raising hopes of gradual normalization.
🌍 GLOBAL MARKET
✔️ US Markets:
• Dow Jones: -0.1%
• S&P 500: Near flat, negative bias
• Nasdaq: Near flat, negative bias
• Higher-than-expected PCE created rate-hike concerns, but strong Nvidia results supported the AI theme.
✔️ Asia Market Update:
• Mixed/volatile setup expected as markets digest US inflation, Fed expectations and Nvidia results.
✔️ Gift Nifty Signal:
• Around 24,358.
• Indicates flat to mildly positive opening.
• Yesterday's closing-auction distortion makes the exact gap signal less reliable.
✔️ Crude Oil:
• Brent: ~$86.5/bbl
• WTI: ~$81.8/bbl
• Lower crude is mildly positive for India.
✔️ Dollar Index:
• Strengthening after US PCE inflation data.
• Negative for emerging markets and potentially the INR.
✔️ Volatility (VIX US):
• US volatility remains sensitive to Fed-rate expectations and Jackson Hole commentary.
🇮🇳 INDIAN MARKET OVERVIEW
✔️ Sector Trend:
• 🔴 IT: Weak
• 🔴 Private Banks: Mildly weak
• 🟢 Oil-sensitive sectors: Supported by lower crude
• 🟢 Rate-sensitive sectors: Mildly supported by lower domestic food-inflation pressure
• ⚠️ Strong sector-wise divergence likely.
✔️ Market Sentiment / Trend:
• Range-bound with mildly positive opening bias.
• Sellers remain active at higher levels.
• Broader trend remains positive, but short-term momentum has weakened.
✔️ Volatility (India VIX):
• Expected to remain sensitive to global cues and today's Fed commentary.
💰 FII & DII DATA
✔️ FIIs:
• Net Buyers: ~₹500 Cr
• Derivatives: FIIs remain heavily positioned on the short side in index futures despite reducing shorts marginally.
✔️ DIIs:
• Net Buyers: ~₹6,500 Cr
• Strong DII buying remains an important market-support factor.
📊 COMMODITIES UPDATE
✔️ Crude:
• Brent: ~$86.5
• WTI: ~$81.8
• 🟢 Positive for India if prices remain below $90.
✔️ Gold:
• Monitor global dollar/Fed-rate expectations; stronger dollar can cap upside.
✔️ Silver:
• Sensitive to dollar movement and global risk sentiment.
📊 OPTIONS DATA — OI BUILD-UP
✔️ Call OI:
• 24,500 CE – maximum Call OI
• 24,300 CE – next major Call OI
• Fresh Call addition: 24,400, followed by 24,300
✔️ Put OI:
• 24,200 PE – maximum Put OI
• 24,300 PE – next major Put OI
• Fresh Put addition: 24,000, followed by 24,300
✔️ PCR:
• 0.92, down from 1.17
• Indicates increasing bearish positioning.
📈 NIFTY LEVELS
✔️ Trend:
Range-bound / mildly bearish below 24,350
• Immediate Support: 24,200
• Major Support: 24,130 → 23,900
• Immediate Resistance: 24,350
• Strong Resistance: 24,500
⚠️ Below 24,130: Bearish momentum can accelerate towards 23,900 → 23,700.
🟢 Above 24,350 sustained: Short-term sentiment can turn positive.
📉 BANK NIFTY LEVELS
✔️ Trend:
Positive but range-bound
• Immediate Support: 57,300
• Major Support: 57,000
• Immediate Resistance: 58,000
• Strong Resistance: 58,300–58,500
📌 Bank Nifty remains stronger than Nifty as it is trading above key moving averages.
📊 STOCKS / SECTORS IN NEWS
• 🔴 Infosys: ADR down ~3%; IT-sector pressure.
• 🔴 Wipro: ADR down ~3%; H1B + AI productivity concerns.
• 🔴 HCL Tech: UBS downgraded to Neutral; target raised to ₹2,415.
• ⚠️ HDFC Bank: CEO succession uncertainty.
• 🟢 Nvidia: Strong revenue and guidance supports global AI theme.
📊 STOCK SETUPS TO WATCH
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1August 27, 2026 1.2K
