Benchmark indices were trading marginally in the green in afternoon trade on Monday, erasing early losses, with the Nifty 50 at 24,576.45, up 5.80 points or 0.02 per cent, and the Sensex at 78,511.67, gaining 12.50 points or 0.02 per cent, as of 1.15 PM. The session has been largely range-bound, with early gains giving way to selling pressure before indices clawed back to flat territory.Titan Company continued to dominate the gainers’ list, surging 2.78 per cent to ₹5,078.20, touching an intraday high of ₹5,122.20. Diversified conglomerate Grasim Industries rose 2.03 per cent to ₹3,390.50, hitting a high of ₹3,402.00. Tata Steel advanced 1.75 per cent to ₹190.83, with heavy volumes of over 2.18 crore shares traded. Tata Consumer Products gained 1.48 per cent to ₹1,098.30, while Shriram Finance added 1.32 per cent to ₹1,129.70.On the losing side, State Bank of India was the worst performer on the index, falling 1.97 per cent to ₹1,075.60 from its previous close of ₹1,097.20, with over 1.14 crore shares changing hands. NTPC slipped 1.31 per cent to ₹338.00, while ITC declined 1.12 per cent to ₹282.90. Wipro dropped 1.08 per cent to ₹185.50, and Hindalco fell 1.01 per cent to ₹1,048.95.Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities, noted that the Nifty IT and Nifty Auto indices continued to outperform among large-cap peers, while Nifty Realty emerged as the best-performing sector in midday trade. Nifty PSU Bank, by contrast, was the worst performer, with SBI’s sharp decline reflecting pressure on the broader public sector banking space. Shah flagged the 24,460–24,480 zone as crucial support and 24,710–24,730 as resistance, adding that a breakout above 24,730 “...can experience an extension of the rally towards 24,930.”On the BSE, market breadth remained positive with 2,007 stocks advancing against 1,682 declines, out of 3,893 stocks traded. A total of 173 stocks hit 52-week highs against 61 at 52-week lows, while 146 stocks were locked in upper circuits and 105 in lower circuits.Sentiment was weighed down by renewed geopolitical tensions, with fresh Houthi attacks near Mocha, Yemen, and increased US naval deployments in the region keeping investors cautious. WTI crude held in the $78–79 per barrel range, with geopolitical risk keeping energy prices elevated. The Indian rupee was trading near ₹95.20 against the US dollar.In commodities, COMEX Gold held firmly above $4,300, while MCX Gold traded above ₹1,51,500, facing resistance near its recent seven-week high. MCX Crude Oil edged higher near ₹7,500, with immediate resistance at ₹7,550–₹7,600.Ponmudi R, CEO of Enrich Money, pointed out that investor attention was increasingly turning toward this week’s US CPI data, which “...is expected to provide fresh guidance on the Federal Reserve’s policy trajectory,” with implications for Treasury yields, the dollar, and capital flows into emerging markets including India. Options data showed meaningful call writing at the 24,600 and 24,700 strikes, while significant put open interest at 24,500 suggested the market expected the index to hold that level into the close.Published on August 10, 2026