Among the top losers on the Nifty 50, TMPV led the decline, falling 4.16 per cent to ₹335.05 from its previous close of ₹349.60.
Markets opened lower on Friday, August 14, with both benchmark indices declining amid continued selling pressure at higher levels and cautious global cues despite an improvement in risk appetite overseas.The Nifty 50 opened at 24,361.90, down from its previous close of 24,395.85, and slipped further to 24,319.60, a fall of 76.25 points or 0.31 per cent, as of 9.28 AM. The Sensex, which closed at 78,079.96 on Thursday, opened at 77,903.43 and fell to 77,774.69, shedding 305.27 points or 0.39 per cent, in early trade.Among the top losers on the Nifty 50, TMPV led the decline, falling 4.16 per cent to ₹335.05 from its previous close of ₹349.60. Hindalco dropped 1.72 per cent to ₹1,028.30 against a previous close of ₹1,046.25, while Max Healthcare fell 1.61 per cent to ₹997.00 from ₹1,013.30. Jio Financial Services shed 1.06 per cent to ₹252.90, and Tata Steel slipped 1.04 per cent to ₹182.93 from its previous close of ₹184.85.On the gainers side, Apollo Hospitals rose 1.40 per cent to ₹8,710.50 against a previous close of ₹8,600.00, with value traded touching ₹12,885.09 lakhs. Eternal advanced 0.68 per cent to ₹320.15, while Adani Ports gained 0.65 per cent to ₹1,668.80 from ₹1,658.00. Cipla edged up 0.56 per cent to ₹1,467.00 and Wipro rose 0.52 per cent to ₹184.06.Sectorally, Metal and Banking stocks remained under pressure, while Chemicals, Realty, and Healthcare names such as Apollo Hospitals offered selective support. The Defence index outperformed in the previous session, gaining 1.58 per cent, while the Metal index was the worst performer, losing 1 per cent.The market's consolidation phase, which has kept the Nifty range-bound between roughly 24,200 and 24,500, shows no immediate signs of a clean breakout. Geojit's Dr. VK Vijayakumar pointed to crude oil as a key variable: ..."Nifty was poised for a breakout above the upper band, but this was foiled by spurt in crude to above $91 triggered by the absence of an expected deal between US and Iran. Now Brent crude has cooled off to below $87, which is a mild positive for the market."... He added that ..."select private sector banks offer value buying opportunities for the long-term."...On the derivatives front, India VIX declined 2.33 per cent to 11.42, signalling subdued volatility. The Put-Call Ratio stood at 1.01, indicating a balanced market. Call writing was concentrated at 24,500–24,400 strikes, while put writing was visible near 24,400–24,300, suggesting the market is likely to remain pinned in this band in the near term.Foreign Institutional Investors remained net sellers on August 13, offloading equities worth ₹510 crore, while Domestic Institutional Investors provided support, buying equities worth ₹4,353 crore. Kotak Securities' Shrikant Chouhan noted that ..."the market has completed one leg of correction and is currently trading near an important support zone of the 20-day SMA."... He added that traders should ..."buy select stocks between 24,400 and 24,300"... and expect ..."bullish continuation above 24,500 levels."...On the global front, Wall Street closed higher overnight, with the S&P 500 hitting a record high after softer U.S. producer price inflation reinforced expectations that the Federal Reserve would hold rates steady in September. AI-driven technology stocks continued to lift the Nasdaq. Asian markets followed, with Japan's Nikkei 225 rising over 1.5 per cent and South Korea's Kospi advancing more than 2 per cent. GIFT Nifty, however, pointed to a flat-to-weak domestic opening, trading around 24,430, down 29 points. WTI crude eased to around $81 a barrel, though geopolitical risk stemming from the U.S.-Iran standoff continues to underpin energy prices.Hitesh Tailor of Choice Broking summed up the broader setup: ..."The near-term market setup remains cautiously constructive, with lower crude prices and firm global equities providing some relief. However, ongoing geopolitical uncertainty and recent consolidation near key levels could keep gains measured."...Bajaj Broking Research noted that ..."a decisive breakout above 24,700-24,800 levels would confirm the resumption of the uptrend, opening the way towards 25,200 in the coming weeks."...Published on August 14, 2026
