Nifty Reclaims 24,600 amid signals of early bullish momentum
HDFC Life celebrating their silver jubilee year of dedicated service in the life insurance space! (Image BSE India)
While the frontline stocks were trading flat to positive gains, Q1FY26 results continued to pump select stocks
By S JHA
MUMBAI, August 14, 2025 — Indian equity benchmarks ended the week on a firm footing, with the Nifty 50 reclaiming the 24,600 mark and the Sensex adding between 60–90 points on Thursday. Gains in IT and pharma stocks offset weakness in metals, oil & gas, and realty, while market sentiment was buoyed by easing CPI inflation at 4.8% and hopes of a US interest rate cut.
According to Angel One, the week began strong but saw some subdued mid-week moves before regaining momentum. “On a weekly basis, the Nifty advanced over 1%, closing above its 10-day EMA for the first time since July 23, a sign of early bullish undertones. However, market breadth stayed weak, with only 24 Nifty 50 and 194 Nifty 500 stocks ending in the green,” said the brokerage house in a note to its clients.
The Nifty Auto Index stood out, logging its highest weekly close since October and hinting at continued near-term strength. IT and financial services lent crucial support, while metals and energy weighed on the index. Wipro, Eternal, and Infosys led the gainers; Tata Steel and Adani Ports were among the top laggards.
From a technical perspective, Angel One flagged the 24,650–24,750 range as a strong resistance zone. “:A sustained breakout above this could pave the way towards 25,000 in the coming week,” it added.
StockEdge noted that positive global cues also aided sentiment, though gains were capped by caution ahead of the Trump–Putin Alaska summit. “Notable movers included Infosys, which rallied after announcing a telecom joint venture, and Jubilant Foodworks, which jumped on robust Q1 earnings,” it added.
Asian markets, in contrast, ended the week in the red after giving up early gains, highlighting a divergence between domestic resilience and regional weakness.
While the frontline stocks were trading flat to positive gains, Q1FY26 results continued to pump select stocks. Shares of Muthoot Finance gained almost 10% after unveiling Q1FY26 results. Shares of HBL Power saw mild profit booking in early session, but soon began forward march to log gains of over 2% on Thursday.
Shares of Newgen Software saw hectic investors’ interest to resume up move after a brief pause following the announcement of the Q1FY26 results.
Similarly, shares of Chalet Hotels after a brief pause for past couple of days gained strength. JSW Cement listed on the stock market flat. Shares of Sterlite Technologies also resumed strength on Thursday after a brief pause in the last couple of days.
(Disclaimer: This article makes no recommendation for buy or sell of shares of any company)
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