Date: 07-August-2026 📈Peerless Securities Equity INSIGHTS 07August2026
Previous trading day's Market Recap
*Nifty50 LTP: LTP: 24,636 (0.03%)
*After opening slightly above its previous day's close, the index touched an intraday high of 24,677 and a low of 24,604 before ending the session at 24,636, up 11 points. Market continued to witness range-bound trading for the third straight session, with the range narrowing further.
*Support levelsDecisive close below 24,600 could open the possibility of the index testing the key support at 24,400, which coincides with the 10-day EMA and the current week's low.
*Resistance levelsAbove 24,800 could open further upside towards the 25,150 level in the near term.
*Bank Nifty:
*58,064(0.56%)
*Bank Nifty rised 324 points (0.56%) to close above the 58,000 mark at 58,064. The index continues to trade above its short- and long-term moving averages, indicating that the broader trend remains constructive.
*Resistance: Upside remains capped at 58,250, which needs to be decisively crossed for a move toward the 58,500-58,700 zone
*Support:On the downside, the 20-day EMA zone, placed around 57,600-57,500, is likely to provide strong support.
*Sensex:78,954(0.48%)
* BSE Sensex closed the session mildly up around 78,954. Outlook for today is sideways with mild underlying bullishness. Key technical support is placed at 78,400–78,500, with upside resistance expected near 79,300–79,400.
*Bankex:65,893 (0.86%)
*BSE BANKEX closed strong on August 6, 2026, at 65,893 (up 0.86%).
*Following the recent RBI monetary policy outcome, the outlook for August 7, 2026, remains cautiously positive with an upward bias as long as the index trades above the psychological 65,500 mark.
*Key technical levels to watch for the session are immediate resistance near 66,100 and support around 65,500.
*Sectoral performance
*Sectorally, Nifty PSU Bank emerged as the top gainer, rising 2.2%.Nifty Oil & Gas advanced 0.8%.
*On the downside, Nifty Media fell 1.3%, Nifty Realty declined 1.3%. Nifty Auto and Nifty Metal also ended lower, shedding 1% each, respectively, while Nifty IT slipped 0.9%.
💸FII/DII data & India VIX FII: - Rs 17 cr DII: + Rs 4013 cr India VIX: 12.16 (0.18%)
🌍 Global Cues
*In Asia, Japan’s Nikkei 225 added over 0.20% while the Topix rose 0.29%. The Kospi gained 0.89% at open, while the small-cap Kosdaq 0.6%. Australia’s benchmark S&P/ASX 200 was 0.45% lower.
*US stocks were lower on Thursday as traders kept an eye on the Middle East, with a deal to reopen the key Strait of Hormuz in the works, and weighed a slew of corporate earnings releases.
*Investors turn their attention to the jobs report Friday. July’s nonfarm payrolls aren’t expected to show much improvement, with a gain of just 83,000, and the unemployment rate staying unchanged at 4.2%.
*S&P 500 traded down 0.18%, the Nasdaq Composite fell 0.06% while The Dow Jones Industrial Average fell 0.85%.
💫 Key Trigger & Signal-
*Oil prices rose on Thursday as investors remained cautious on the outcome of Iran-Oman talks and whether ‌they will restore flows via the Strait of Hormuz, while reports of attacks on Saudi tankers in the Red Sea and Gulf of Aden renewed supply tensions.
*Brent crude futures gained 2.2% to $81.22 a barrel by 9:14 a.m. ET. U.S. West Texas Intermediate futures 1.9%, to $76.63.
*GIFT NIFTY indicates a negative start today.
🛢️ Commodities & Currency Check ** Brent: Trading flat at $83.48(+1.16%) after rallying up 3.85% yesterday. ** U.S/INR is higher at 95.4(0.23%). ** Gold is flat 0.04% at $4310. ** Silver currently mildly up at $62.25(+1.12).
🕐 Stocks in Focus (News and impact )
*A)Quarterly Earnings as on 07AUGUST2026:
*Britannia Industries Q1 (Consolidated YoY)|:Profit jumps 13.6% to Rs 591.4 crore Vs Rs 520.7 crore,Revenue rises 8.2% to Rs 5,000 crore Vs Rs 4,622.2 crore.
*Siemens Energy India Q3SY26 (YoY)|:Profit grows 67.8% to Rs 440.9 crore Vs Rs 262.7 crore,Revenue increases 39.3% to Rs 2,485.6 crore Vs Rs 1,784.6 crore.
*Life Insurance Corporation of India Q1 (Standalone YoY)|:Profit surges 22.81% to Rs 13,492 crore Vs Rs 10,986 crore,Total Annual Premium Equivalent (APE) jumps 8.22% to Rs 13,692 crore Vs Rs 12,652 crore,Value of new business (VNB) zooms 61.3% to Rs 3,136 crore Vs Rs 1,944 crore,VNB margin expands to 22.9% Vs 15.4%.
*Shipping Corporation of India Q1 (Consolidated YoY)|:Profit spikes 74.9% to Rs 619.3 crore Vs Rs 354.2 crore,Revenue grows 40.3% to Rs 1,846.6 crore Vs Rs 1,316 crore.
*Vijaya Diagnostic Centre Q1 (Consolidated YoY)|:Profit soars 37.6% to Rs 53.1 crore Vs Rs 38.6 crore,Revenue spikes 22.8% to Rs 231 crore Vs Rs 188 crore.
*Apollo Tyres Q1 (Consolidated YoY)|:Profit soars 27-fold to Rs 348.9 crore Vs Rs 12.9 crore,Revenue grows 12.8% to Rs 7,397.8 crore Vs Rs 6,560.8 crore, Exceptional gains at Rs 23.5 crore Vs exceptional loss of Rs 370.2 crore.
*Premier Energies Q1 (Consolidated YoY)|:Profit jumps 50.4% to Rs 463.1 crore Vs Rs 307.8 crore,Revenue increases 35.3% to Rs 2,462.6 crore Vs Rs 1,820.7 crore.
Source: moneycontrol

*B)🕑News Impact📊 Results Today on 7Aug2026:
** State Bank of India, * Titan Company, * Hindalco Industries, * Ola Electric Mobility, * Afcons Infrastructure, * BEML, * CARE Ratings, * Cera Sanitaryware, * Entero Healthcare Solutions, * Godrej Consumer Products, * Inox Wind, * JK Tyre & Industries, * Jyoti CNC Automation, * Kaynes Technology India, * Lemon Tree Hotels, * NLC India, * Oil India, * Power Finance Corporation, * Powerica * Hitachi Energy India.
*Results on August 8* Aditya Birla Fashion and Retail, * Advanced Enzyme Technologies, * Affle 3I, * Akums Drugs and Pharmaceuticals, * Anant Raj, * Apollo Micro Systems, * Atul Auto, * Ceigall India, * Delhivery, * Greenpanel Industries, * Jaro Institute of Technology * Management and Research, * Medi Assist Healthcare Services, * PNC Infratech, * TVS Electronics Source: moneycontrol

*C)📊 Stocks to Watch on 07August2026
*Alkem Laboratories|:The US Food and Drug Administration (FDA) has issued a Form 483 with seven observations following the conclusion of an inspection at the company's Daman facility. The US health regulator has now classified the inspection status of the facility as Official Action Indicated (OAI). The US FDA conducted the inspection at the company's manufacturing facility from April 20 to May 1, 2026.
*J Kumar Infraprojects|:The company has received a Letter of Acceptance (LoA) from the Karnataka Housing Board for the design, engineering, procurement, and construction of an international cricket stadium and allied development works, with a total contract value of Rs 990.16 crore.
*Aegis Logistics,Aegis Vopak Terminals|:Aegis Logistics and its subsidiary, Aegis Vopak Terminals, have executed a framework agreement.Under the agreement, the company will construct and develop an additional refrigerated, double-steel-wall, full-containment storage tank with a suspended deck and insulation for propane, having a capacity of 51,998 metric tonnes (MT), along with allied facilities at its terminal located in the Jawaharlal Nehru Port Authority (JNPA) tank farm area.
*Dabur India|:The company has received a warning letter from the US FDA for its Silvassa manufacturing plant in connection with the import alert issued in June, seeking additional details regarding its corrective and preventive action (CAPA) plan.The issue relates only to a small part of the Silvassa manufacturing plant involved in the export of private-label products and does not generate significant revenue for the company.The company's domestic products are not covered by the import alert and remain unaffected. The Silvassa plant also continues to operate for the domestic market.

*D)Bulk and Block Deals on 7AUG2026
*Neuland Laboratories|:HDFC Mutual Fund has bought 64,547 equity shares, representing 0.5 percent of the paid-up equity capital, in Neuland Laboratories for Rs 139.32 crore. The shares were acquired at Rs 21,585 apiece. HDFC Mutual Fund, through HDFC BSE 500 ETF, held a 1.28 percent stake in Neuland Laboratories as per the June 2026 shareholding pattern.
*Orient Electric|:Nippon India Mutual Fund has purchased 25 lakh shares, representing a 1.17 percent stake, in Orient Electric for Rs 44.5 crore at Rs 178 per share. This is in addition to the 7.43 percent stake it held in the company as of June 2026.
*Shadowfax Technologies|:Newquest Asia Fund IV (Singapore) Pte, a part of private equity fund TPG NewQuest, sold 1.25 crore equity shares, representing a 2.13 percent stake, in Shadowfax Technologies for Rs 300.57 crore at Rs 240.46 per share. The sale was from its 11.53 percent stake in the company held at the end of June 2026. Meanwhile, Oxbow Master Fund acquired 69.32 lakh shares, representing a 1.18 percent stake, in Shadowfax for Rs 166.51 crore at Rs 240.2 per share.
*Clean Science and Technology|:Sundaram Mutual Fund has acquired 7.88 lakh shares, representing a 0.74 percent stake, in Clean Science and Technology for Rs 60.71 crore at Rs 770 per share.
*KPIT Technologies|:Massachusetts Institute of Technology offloaded 27.5 lakh shares, representing a 1 percent stake, in IT services company KPIT Technologies for Rs 173.25 crore at Rs 630 per share. The institute held a 3.11 percent stake in KPIT Technologies as per the June 2026 shareholding pattern.
*Apollo Pipes|:Promoter Dhruv Gupta has purchased an additional 2.7 lakh shares, representing a 0.61 percent stake, in Apollo Pipes for Rs 14.47 crore at Rs 536 per share. On Wednesday, Dhruv Gupta had acquired a 0.53 percent stake, while on Tuesday, promoter entity S Gupta Holding had purchased more than a 1 percent stake in the company.
*CreditAccess Grameen|:Netherlands-based promoter CreditAccess India B V, which held a 66.21 percent stake in CreditAccess Grameen as of June 2026, offloaded 36.57 lakh shares, representing a 2.28 percent stake in the company's paid-up equity capital, for Rs 542.04 crore. The shares changed hands at Rs 1,482 apiece.
*Anand Rathi WealthPromoters and promoter group entities*Anand Nandkishore Rathi, Navratan Mal Gupta (HUF), and Jaipur Securities—sold a combined 6.97 lakh shares, representing a 0.41 percent stake, in Anand Rathi Wealth for Rs 137.65 crore. The shares were transacted at Rs 1,975 apiece.The buyers included K R Family Trust, Hemang Shah Family Trust, Manjushree Fincap, and Fahim Sultan Ali.
*Indegene|:Brighton Park Capital has exited Bengaluru-based Indegene by selling its entire 8.73 percent stake for Rs 1,105 crore at Rs 525 per share. The Greenwich-based private equity firm held the stake through two special purpose vehicles (SPVs)—BPC Genesis Fund I SPV and BPC Genesis Fund I-A SPV.
On the buy side, nine domestic and global institutional investors—Quant Mutual Fund, ICICI Prudential Mutual Fund, Goldman Sachs Investments Mauritius, AADI Financial Advisors, Bajaj Life Insurance, Buoyant Opportunities Strategy, Citigroup Global Markets Mauritius, Morgan Stanley Asia Singapore, and Norges Bank on behalf of the Government Pension Fund Global—acquired the entire stake sold by Brighton Park Capital in Indegene.

*Stocks Trade Ex-Date for Split:JOJO
*SME Listing:Fusion Klassroom Edutech
Source:Moneycontrol
*Strategy for 07August26
*The core focus centers on the Q1 FY27 earnings delivery—particularly major catalysts like SBI's earnings announcement—alongside monitoring primary market actions like the LEAP India IPO opening today.
*Markets will be tracking Q1 FY27 earnings visibility and mid-teens growth expectations rather than headline index movements.
*Telecom and select staples serve as stability anchors against global volatility.