Tata Trusts is considering urgent legal action to lift restrictions on Sir Ratan Tata Trust (SRTT), which could otherwise disrupt Tata Sons’ chairman succession process. SRTT and Sir Dorabji Tata Trust must jointly nominate an AGM representative and three members to the search committee for N Chandrasekaran’s successor.
Tata Trusts weighs legal moves to get Sir Ratan Tata Trust back into decision-making fray – Daily Market Update 14th Aug 2026
Overview and Outlook
Global Stock Market Today
- US equity markets settled on a flat to positive note.
- European equity markets ended on a flat to negative note.
- Majority of Asian equity markets are trading in green.
- GIFT Nifty is little changed, Nifty futures is likely to open around 24430 levels.
The benchmark Nifty index ended lower at 24350 spot levels in continous trading that concludes at 3:15PM.
The broader markets slightly outperformed the benchmark as Mid and Small cap indices ended on a flat to positive note.
The performance on the sectoral front was once again mix and muted. Among them, Nifty Metal and Cement index were the worst performer, down around 1% each. On the flip side, Nifty Chemicals and Realty index were the best performers, rose around 1% each.
The Nifty index traded sideways in a narrow range of about 100 points throughout the day, settling around 24,350 spot levels during its continuous trading that concludes at 3:15 PM. The current chart structure remains sideways, indicating further consolidation within the 24,200–24,700 spot zone. We suggest traders maintain a stock- and sector-specific trading approach as long as the index does not give a decisive close on either side of this range.
Derivatives Overview & Outlook
Yesterday, short buildup was seen in Banknifty and Finnifty futures with an increase in open interest by around 1% each. Nifty futures added 1.6% of open interest without change in price. On the other hand, no significant change was observed in Midcapnifty futures on open interest front.
Performance on the sectoral front was mix. Among them, Chemical, Infrastructure and Realty stocks witnessed maximum addition of long positions while some short buildup was seen among Cement, Metal and Textile stocks.
On options front, call writing along with put writing was seen at multiple strikes. The PCR for the current week expiry is at 0.77 indicates towards slightly negative sentiments. Maximum positions are at 25000 CE followed by 24800 & 24500 CE and 24000 PE followed by 24300 PE.
Institutional Trading Activity
Yesterday, FIIs sold stocks worth Rs 511 Cr in the cash segment, sold index futures worth Rs 570 Cr and bought stocks futures worth Rs 361 Cr. DIIs were net buyers in the cash segment to the tune of Rs 4353 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 24550-24620; Supports 24350-24240
Banknifty – Resistances 58100-58350; Supports 57400-57000
Finnifty – Resistances 26550-26675; Supports 26300- 26200
F&O stocks in ban today: BANDHANBNK, SAIL, LICI & MANAPPURAM
Important Results Today: ALKEM, BDL, EASEMYTRIP, JWL, NMDC & TIINDIA
Disclosure
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