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After a six-week decline, Nifty 50 showed positive signs, facing resistance at 24,800 and support at 24,200. Analysts predict a 24,200-24,800 range in the near term, with a potential rally towards 28,000 based on Elliott Wave Theory. Experts suggest accumulating quality large-caps in sectors like defence, pharma, and autos, highlighting stocks like L&T and Reliance.

In the past month, 10 penny stocks gained 15–80%, with three rising over 50%. Screened for low price, small market cap, and strong trading volumes, these stocks show sharp momentum. However, risks remain high due to volatility, liquidity issues, and more.

Nifty remained range-bound on Thursday ahead of the Trump–Putin meeting, with support seen at 24,337 and resistance at 24,660–24,850. Analysts recommend two stocks for Monday: UNO Minda, offering up to 6% upside, and Manappuram Finance, with 5% upside, both showing bullish breakouts supported by strong technical indicators.

At the heart of why consumers in China save so much and spend so little, and why Xi Jinping and Donald Trump will struggle to change that behavior even if they want to, lies the country’s stock market.

Foreign investors offloaded nearly Rs 21,000 crore in Indian equities in the first half of August, bringing the year s total outflow to Rs 1.16 lakh crore. Trade tensions, weak earnings, and a weakening rupee contributed to this trend. However, a potential credit rating upgrade and easing US-Russia tensions could improve FPI sentiment.

The market capitalization of five of the top ten firms increased last week. State Bank of India and HDFC Bank were the top gainers. Reliance Industries retained its position as the most valued firm. However, LIC, Bajaj Finance, ICICI Bank, TCS and Hindustan Unilever experienced a decline in market capitalization.

TCS faces its steepest decline since 2008, losing ₹5.6 lakh crore in market value as FIIs exit IT stocks amid weak demand and AI disruption. While Nifty IT plunges 25% in 2025, mutual funds raise stakes, seeing value in TCS’s reset valuations and strong dividend yield.