Nifty trade above 24,300 in early trade; breadth strong
At 09:30 IST, the barometer index, the S&P BSE Sensex, jumped 192.31 points or 0.25% to 77,744.85. The Nifty 50 index added 52.55 points or 0.22% to 24,304.55.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index advanced 0.27% and the BSE 250 SmallCap Index rose 0.48%.
The market breadth was strong. On the BSE, 2,195 shares rose and 1,138 shares fell. A total of 262 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 542.71 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,124.14 crore in the Indian equity market on 21 August 2026, according to provisional data.
Stocks in Spotlight:
Caplin Point Laboratories fell 2.46%. The company announced that the US Food and Drug Administration (USFDA) conducted an unannounced inspection of its subsidiary Caplin Steriles? injectable and ophthalmic manufacturing facility in Gummidipoondi, Tamil Nadu.
Federal Bank shed 0.07%. The company announced that its board has approved a proposal to raise up to $500 million through the issuance of foreign currency-denominated bonds via its IFSC Banking Unit (IBU) at GIFT City.
Numbers to Track:
The yield on India's 10-year benchmark federal paper rose 0.03% to 6.848 compared with the previous session close of 6.846.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.6550 compared with its close of 95.7150 during the previous trading session.
MCX Gold futures for the 5 October 2026 settlement rose 0.50% to Rs 1,63,285.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.04% to 98.84.
The United States 10-year bond yield shed 0.59% to 4.710.
In the commodities market, Brent crude for the October 2026 settlement fell $1.21 or 1.28% to $93.18 a barrel.
Global Markets:
Asian stocks were largely subdued on Monday, as rising government bond yields around the world continued to weigh on risk appetite. Bond yields in Japan, France and Germany have climbed to multiyear highs, while U.S. long-term yields have also remained elevated.
Investors remained concerned that the U.S.-Iran conflict could drag on, keeping oil prices elevated and adding to inflationary pressures. President Donald Trump has threatened to impose penalties on countries that continue to trade with Iran, while Treasury Secretary Scott Bessent has warned of secondary sanctions. Iran has rejected the threats, and Washington is expected to announce additional sanctions on Monday.
Treasury Secretary Scott Bessent's decision to at least double the size of planned buybacks of longer-dated government debt to $4 billion per operation from $2 billion initially offered relief to the bond market. However, the gains quickly faded, with Treasury yields rebounding as investors remained concerned about inflation, government borrowing and the broader fiscal outlook.
U.S. stocks found firmer footing on Friday after data showed continued economic resilience and a sharp acceleration in services-sector activity. The Dow Jones Industrial Average rose 0.98%, while the S&P 500 gained 0.43% and the Nasdaq Composite advanced 0.44%.
S&P Global's flash PMI showed U.S. services activity accelerated sharply in August, with the Services PMI rising to 56.8 from 54.6 in July.
In individual stocks, Ross Stores rose 4.4% after the discount retailer raised its full-year earnings guidance following better-than-expected quarterly results.
In the week ahead, investors will focus on quarterly results from AI chipmaker Nvidia, along with earnings from software companies including Intuit, Salesforce and CrowdStrike. Markets will also be watching whether Nvidia's results and outlook can sustain investor enthusiasm around artificial intelligence.
The U.S. economic calendar includes the July Personal Consumption Expenditures price index, the Federal Reserve's preferred inflation gauge, due on Wednesday, 26 August.
Markets will also turn to the Federal Reserve's Jackson Hole symposium from 27-29 August, where Fed Chair Kevin Warsh is scheduled to speak on Friday. Investors will look for clues on the outlook for interest rates, particularly after stronger-than-expected August services activity reinforced concerns about inflationary pressures.
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