Welcome to Aftermarket Report, a newsletter where we do a quick daily wrap-up of what happened in the markets, both in India and globally.
Markets Today
Nifty opened flat at 24,342, tracking mixed global cues despite some relief from cooling oil prices, with Brent crude falling back towards the $86-per-barrel range. The index initially moved higher, briefly climbing towards 24,370–24,375 in the opening hour, but the gains quickly faded as selling pressure emerged. Nifty slipped towards 24,300 by around 10:15 AM before attempting a modest recovery towards 24,330.
However, the recovery failed to sustain, and the index resumed its gradual decline through the remainder of the first half, falling below 24,300 and moving towards the 24,270–24,280 zone by noon.
The second half remained largely subdued and range-bound, with Nifty spending much of the session between 24,260 and 24,290. A brief recovery after 2:30 PM took the index close to 24,295, but it again struggled to build momentum and slipped back towards 24,275. The index remained around these levels heading into the close before a sharp fall during the closing auction session dragged Nifty down to 24,207.75, near the day's low and roughly 135 points below its opening level.
Sectoral Indices Performance
Winners & Losers
Commodities
FII / DII Flows
Here’s the trend of FII-DII activity from the last 5 days:
Thematic Indices
Tijori’s niche indices, where today’s move sorts pockets of the market beyond standard sector baskets. You can also track promoter buying and other interesting stuff, like Capex activity by the companies in the Tijori App’s idea dashboard
Change in OI for the day
The following is the change in OI for Nifty contracts expiring on 1st September:
The maximum Call Open Interest (OI) is observed at 24,500, followed by 24,400 & 24,500, indicating potential resistance at the 24,400- 24,500 levels.
The maximum Put Open Interest (OI) is observed at 24,200, followed by 24,300, suggesting support at 24,200-24,100.
Note: OI is subject to multiple interpretations; however, generally, an increase in Call OI indicates resistance in a falling market, while an increase in Put OI indicates support in a rising market.
Source: Sensibull
Top Stories in India
India attracted $30.7 billion in gross FDI during Q1FY27, the highest in at least 15 years, pushing net FDI to its strongest quarterly level since June 2022. Net FDI also turned positive in June at $1.3 billion, helped by higher inflows and lower overseas investments by Indian companies. Dive deeper
Coal stocks at India’s domestic-coal-based power plants fell to 28.36 MT as of August 24, enough for just 9.7 days of consumption, compared with the normative requirement of 19.4 days. The low inventory, likely the weakest level this year, is being driven largely by railway, logistics and coal-lifting constraints rather than production shortages. Dive deeper
India’s credit cards outstanding rose 9.9% YoY to 12.29 crore in July, though overall spending remained moderate. HDFC Bank added the most cards at 2.3 lakh, while ICICI Bank recorded the strongest growth among major issuers, with cards outstanding up 9% YoY and monthly spends rising 8%. Dive deeper
Gaja Alternative Asset Management made a positive market debut, listing at ₹185 on the NSE, a nearly 16% premium to its ₹160 issue price. However, the stock gave up most of its gains and closed at ₹168.67, ending its debut session just 5.4% above the IPO price. Dive deeper
DN Solutions has inaugurated its first manufacturing plant in India in Bengaluru, Karnataka, marking its first overseas manufacturing investment since its China facility in 2003. The Korean machine-tool maker has invested ₹600 crore in Phase 1 and is considering further investments of a similar scale depending on demand and business growth. Dive deeper
Larsen & Toubro has partnered with France’s FAYAT Road Equipment to market BOMAG’s specialised road construction machinery in India. The partnership will cover sales, after-sales support and spare parts, expanding L&T’s offerings in the country’s road and infrastructure equipment market. Dive deeper
Top Stories Globally
Brent crude fell towards $86 per barrel, extending losses for a third consecutive session, as Iran and Oman discussed a temporary joint maritime corridor in the Strait of Hormuz. The talks raised hopes of easing shipping disruptions, reducing concerns over Middle East oil supply risks. Dive deeper
The U.S. PCE price index rose 0.2% MoM in July, above expectations of 0.1%, while annual inflation remained elevated at 3.7%. Core PCE rose 0.2% as expected, with accelerating services inflation indicating that underlying price pressures remain sticky. Dive deeper
Huawei and HP have signed a multi-year patent cross-licensing agreement covering Wi-Fi technologies, including Wi-Fi 7. The deal gives both companies access to each other’s patents, though financial terms were not disclosed. Dive deeper
Apple unveiled a more powerful Mac mini aimed at users running AI agents remotely, starting at $899 with either the new M6 chip or M5 Pro. The launch, alongside an upgraded Mac Studio, is expected to be Tim Cook’s final major product unveiling as Apple CEO. Dive deeper
Nvidia results tonight will test whether its new Rubin chips can sustain the AI-driven growth boom, amid investor concerns over the durability of AI infrastructure spending. Analysts expect Q3 revenue to surge nearly 83% YoY to $104.2 billion, even as Nvidia faces scrutiny over its billions of dollars of investments back into the AI ecosystem. Dive deeper
Management Chatter
In this section, we highlight interesting comments from management at major companies and from policymakers in the Indian and Global Economies.
Philipp Navratil, Global CEO of Nestle on Indian market & growth potential:
“Emerging markets have been driving growth for Nestle across the board, and India is leading the pack. In the first half of CY2026, India was the highest performing market in terms of growth. It is among the top ten markets for us, and it is becoming among the top five markets on the horizon.”
“Structurally in India, there is long-term growth potential with a large number of consumers that will move into the middle class, growing urbanization, and growing access to brands at both the premium spectrum and the value-conscious spectrum.....As we continue to focus on volume-led growth, we will invest in India not only in production capabilities but also in R&D, developing talent, driving business services and IT and ITES services for us.” - Link
Corporate Actions & Events
Corporate Actions
Published by Zerodha. Not investment advice. Data from NSE, BSE, and MCX.
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