Market Outlook – 8 August
Good morning and welcome to your Market Outlook 8 August edition.
On Thursday, markets showed remarkable resilience, rebounding from intraday lows to close higher for the second straight session. The Nifty 50 added 52 points to end at 24,626.70, while the Sensex rose 172 points to 80,716.46, both gaining 0.21%. Nifty Bank advanced 0.30%, and Nifty IT stole the spotlight with a strong 1.08% rally. However, the S&P BSE SmallCap index slipped marginally, ending down 0.05%.
In today’s newsletter, we break down the technical setup for Nifty, spotlight the key stocks to watch, decode IPO activity, and share a promising small-cap pick.
Let’s dive into your full Market Outlook for 8 August.
Index Outlook – Market Outlook 8 August
As we step into Friday’s session, major indices remain under pressure, with technical indicators signaling caution. Let’s decode the key levels to watch as per EquityPandit’s analysis.
NIFTY 50 (24,596)
The Nifty remains in a negative trend. Traders holding short positions can continue with a daily closing stoploss at 24,695. A fresh upside move may only emerge if Nifty closes above that level.
- Support Levels: 24,415 – 24,235 – 24,125
- Resistance Levels: 24,706 – 24,815 – 24,996
- Tentative Range: 24,802 – 24,389
SENSEX (80,623)
The Sensex also trades in a bearish zone. Short positions can be maintained with a stoploss at 80,945, while fresh longs should be considered only on a breakout above that level.
- Support Levels: 80,044 – 79,464 – 79,118
- Resistance Levels: 80,970 – 81,317 – 81,896
- Tentative Range: 81,298 – 79,947
BANK NIFTY (55,521)
Bank Nifty is holding its negative bias. Existing shorts are safe below 55,796. A close above this level could open space for a positive reversal.
- Support Levels: 55,125 – 54,729 – 54,484
- Resistance Levels: 55,766 – 56,011 – 56,407
- Tentative Range: 56,031 – 55,010
News and Stocks That Might Be Impacted – Market Outlook 8 August
As we step into Friday’s session, a mix of sectoral developments, geopolitical cues, and policy reforms could shape the trading landscape. Here’s your detailed Market Outlook 8 August breakdown of key news events and which stocks might react.
SK Finance IPO Gears Up for Launch
What Happened:
SK Finance Ltd., a Jaipur-based NBFC backed by marquee investors like TPG and Norwest Venture Partners, is likely to open its IPO next week. After revising its fundraising target to ₹16,000 crore, the company aims to deploy proceeds toward strengthening its loan book and expanding footprint in underserved markets.
Why It Matters:
The IPO was previously delayed due to valuation concerns. With a leaner issue size and strong backing, the offering could reignite interest in the financial services segment.
Stock Impact – Watchlist:
- Cholamandalam Investment, L&T Finance, Muthoot Finance – sentiment boosters as sector peers
- Motilal Oswal, JM Financial – IPO activity could improve brokerage business
- BSE, CDSL – expected rise in IPO volumes may improve listing-related revenues
Russia Offers Crude to India at Steep Discount
What Happened:
Russia is offering Urals crude to India at over $5 below Brent, amid rising international pressure and sanctions. This development is aimed at maintaining market share in Asia and offsetting Western pullback.
Why It Matters:
Lower input costs for Indian refiners could significantly improve gross refining margins (GRMs), especially as global oil demand remains steady.
Stock Impact – Watchlist:
- Reliance Industries – largest refiner, margin-sensitive
- IOC, BPCL, HPCL – improved GRMs may support earnings
- ONGC, OIL India – upstream players might see pressure on realizations
Mixed July Auto Sales – Tractors Shine, PVs Dip
What Happened:
Retail auto sales declined by 4% YoY in July, as per FADA data. Passenger vehicle and two-wheeler segments saw a drop, but tractor sales rose 11%, driven by good kharif sowing and rainfall.
Why It Matters:
Urban demand remains tepid due to high financing costs and fuel prices, but rural demand is showing resilience—a key factor ahead of the festive season.
Stock Impact – Watchlist:
- Hero MotoCorp, TVS Motor – may face pressure due to weak two-wheeler demand
- Maruti Suzuki, Tata Motors – sentiment dip from lower PV sales
- Escorts Kubota, M&M – tractor sales uptick supports rural-focused plays
Coal India Enables Open Market Sale of Power
What Happened:
Coal India has allowed power plants to sell surplus electricity in the open market under the Shakti policy, effective from August 1. This deregulation aims to address rising electricity demand and optimize plant utilization.
Why It Matters:
The policy could improve efficiency and profitability for power producers and boost the spot electricity market. It also supports the push for competitive energy pricing.
Stock Impact – Watchlist:
- NTPC, Tata Power, JSW Energy – could benefit from improved power sale realizations
- Adani Power – flexible dispatch could enhance revenue
- Indian Energy Exchange (IEX) – higher market activity may raise volumes
Crypto Market Booms After Trump Signs Stablecoin Act
What Happened:
Donald Trump signed the GENIUS Act, legalizing stablecoins in the US and giving clarity to crypto regulations. This landmark move triggered a massive rally in digital assets—Bitcoin surged past $100,000, and altcoins followed suit.
Why It Matters:
The Indian crypto ecosystem may see renewed user interest and transaction volumes. While domestic regulations are still vague, global legitimacy of stablecoins is a positive signal.
Stock Impact – Watchlist:
- Info Edge (Zerodha-backed) – indirect exposure via fintech bets
- Nazara Technologies – exposure to crypto gaming and Web3
- Cosmos, 5ireChain (unlisted) – Indian Web3 and blockchain startups may gain traction
IPO Update: Mainboard IPO and SME Highlights
Several IPOs are heating up the primary market, from major players like JSW Cement and BlueStone Jewellery to high-demand SME issues. Here’s a glance at the current open/closed IPOs and their listing prospects:
Mainboard IPOs
| IPO Name | Open | Close | Listing | GMP (Listing Gain) |
|---|---|---|---|---|
| Shreeji Shipping Global | 19-Aug | 21-Aug | 26-Aug | ₹– (–) |
| Regaal Resources IPO | 12-Aug | 14-Aug | 20-Aug | ₹18 (17.65%) |
| BlueStone Jewellery IPO | 11-Aug | 13-Aug | 19-Aug | ₹16 (3.09%) |
| All Time Plastics IPO | 7-Aug | 11-Aug | 14-Aug | ₹25 (9.09%) |
| JSW Cement IPO | 7-Aug | 11-Aug | 14-Aug | ₹9.5 (6.46%) |
| Highway Infrastructure IPO | 5-Aug | 7-Aug | 12-Aug | ₹36 (51.43%) |
| Knowledge Realty Trust REIT | 5-Aug | 7-Aug | 18-Aug | ₹1.5 (1.50%) |
SME IPOs
| IPO Name | Open | Close | Listing | GMP (Listing Gain) |
|---|---|---|---|---|
| Infraprime Logistics | — | — | — | ₹– (0.00%) |
| Current Infraprojects | — | — | — | ₹– (0.00%) |
| Mahendra Realtors | 12-Aug | 14-Aug | 20-Aug | ₹– (0%) |
| Icodex Publishing Solutions | 11-Aug | 13-Aug | 19-Aug | ₹– (0%) |
| Medistep Healthcare | 8-Aug | 12-Aug | 18-Aug | ₹12 (27.91%) |
| Star Imaging | 8-Aug | 12-Aug | 18-Aug | ₹– (0%) |
| ANB Metal Cast | 8-Aug | 12-Aug | 18-Aug | ₹– (0%) |
| Connplex Cinemas | 7-Aug | 11-Aug | 14-Aug | ₹31 (17.51%) |
| Sawaliya Foods Products | 7-Aug | 11-Aug | 14-Aug | ₹– (0%) |
Stocks in Radar – Market Outlook 8 August
PVR Inox
CMP: ₹1,036 | Target Price: ₹1,500 | Upside: 45%
Research Source: ICICI Securities | Sector: Media | Rating: ✅ BUY (Maintain)
Business Overview:
PVR Inox, India’s largest multiplex operator, showcased a strong Q1FY26 performance, aided by popular movie releases, smart promotional initiatives (like Blockbuster Tuesday), and value-driven F&B combos. The company is on a recovery path post-COVID and aims to surpass its FY24 footfalls (~150 mn), supported by a robust content lineup.
Key Q1FY26 Financial Highlights:
- Revenue: ₹14.7 bn (🔼 23.4% YoY | 🔼 17.5% QoQ)
- EBITDA: ₹953 mn | EBITDA Margin: 6.5% (vs -3.2% YoY)
- Net Loss: ₹545 mn
- Ticketing Revenue: ₹7.3 bn (🔼 22.7% YoY)
- F&B Revenue: ₹5.0 bn (🔼 22.4% YoY)
- Ad Revenue: ₹1.1 bn (back to pre-COVID levels)
Operational Metrics:
- Admissions: 34 mn (🔼 11.8% YoY)
- Occupancy: 22% (vs 20.5% YoY)
- Average Ticket Price (ATP): ₹254 (🔼 8.1% YoY)
- Spend per Head (SPH): ₹148 (🔼 10.4% YoY)
Management Commentary:
- July 2025 witnessed the highest footfalls in the last 18 months.
- Optimism stems from strong upcoming titles like Coolie, War 2, Jolly LLB 3, Avatar 3, etc.
- Margin recovery is credited to cost discipline, utility optimization, and solar adoption.
Why It’s on the Radar:
- Ad revenue at pre-COVID levels indicates sectoral recovery.
- Q2FY26 momentum already showing strong signs via highest-ever footfalls.
- Operating leverage likely to kick in with volume growth and strict cost controls.
- Positive long-term sentiment in the multiplex segment despite short-term occupancy concerns.
Financial Projections:
| Metrics | FY25A | FY26E | FY27E | FY28E |
|---|---|---|---|---|
| Revenue (₹ mn) | 57,799 | 65,269 | 76,072 | 84,898 |
| EBITDA (₹ mn) | 15,416 | 19,647 | 24,245 | 27,948 |
| Net Profit (₹ mn) | -2,799 | 902 | 3,870 | 5,182 |
| EPS (₹) | -28.5 | 9.2 | 39.5 | 52.9 |
| ROCE (%) | -4.1 | 1.0 | 5.2 | 6.4 |
Outlook:
PVR Inox is entering FY26 with strong tailwinds: content pipeline, improved cost structures, and ad revenue normalization. The stock is positioned well for long-term re-rating, especially if margins and occupancy improve sequentially.
Conclusion
As we head into the trading session on 8 August, market sentiment remains cautious with key indices like NIFTY, SENSEX, and BANKNIFTY continuing their negative trends. Traders are advised to remain vigilant around crucial resistance and support levels, as per technical cues.
On the corporate front, stock-specific momentum continues to drive selective buying interest. PVR Inox, with strong Q1FY26 numbers and encouraging management commentary, remains a stock to watch for medium-term upside.
Keep an eye on global cues, especially US bond yields and crude oil movement, which may influence short-term direction. IPO action continues to heat up with Regaal Resources and others in focus—don’t forget to review subscription trends and valuations before applying.
Stay tuned, stay sharp—and as always, manage your risk.
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