EQUITY RESEARCH (11th July 2026)

Nifty 50, started the week with bang and went up to touch the high of 24,530.90, but weakness in Rupee with geo political tension intensifying, index failed to sustain the momentum and settled down by 0.26% on weekly basis at the level of 24, 206.90.Crude oil prices surging to $75, and INR yet again weakening to the level of Rs95.6050, has weighed on Index. Though FII’s becoming net buyer for the first time since July 2025, provided cushion to the index, which managed to settle above 24,200  mark. Investors in the coming week will further keep eye on progress of Monsoon along with earning season commentary of Q1 FY27, would further give cues on business outlook and thus performance of Nifty in the coming time.

Cease Fire Over

US-Iran met again in the war field with Iran striking ships at the Strait of Hormuz, weighed heavily on the market sentiment, in retaliation to the same, the US also launched military attacks on Iran. This led to a surge in Brent crude prices, which were hovering near the mark of $70, to the level of $80.21, bringing back the inflationary concern in the market and thus expectation of hike in interest rate by Fed in the upcoming Meeting in July. This development  along with Trump announcing 8 week long Cease Fire being over weighed the index down to touch the weekly low of 23,805.20.Thus, in the upcoming week, the US-Iran update would play a crucial role in giving direction to the market.

For the week ahead

Domestically, the index would get a direction, taking cues from the performance of INR along with FII’s, which turned net buyer in the month of July, for the first time since July 2025..For the month of July till date, FII’s made net purchase of  ₹4572.89 crores. Along with the same, development on the US-Iran front, along with US inflation data, and crude oil prices movement would give further direction to the index.

NIFTY WEEKLY

 Nifty 50 traded with mixed momentum and index managed to touch a weekly high of  24530.90 and. But the index failed to sustain the upside momentum and settled at 24,206.90. Further upside in the index would be possible,if the index manages to trade and sustain above the mark of 24,350 then only 24,600 would be possible, Otherwise, if the index fails below the mark of 24,350 then 24,100 yet again be the next downside target for the index.

BANK NIFTY WEEKLY

Bank Nifty traded with sideways momentum but index managed  to breach previous week’s high of   58,396.50. Index however couldn’t sustain momentum and plunged to settle at 58,045.90 but higher by 1.39% from previous weekly close of 57,938.50. Thus for the index for further upside must sustain above the mark of 58,540 then must reach for the next upside destination of 59,500 level. Downside would only be possible, if the index falls below the mark of 57,100.

Disclaimer:

Investment in securities markets is subject to market risks. Please read all related documents carefully before investing. (Our SEBI Reg. No. INH000010335)

For Full Disclaimer: Click Here