Indian market may consolidate based on mixed global cues. Sensex and Nifty50 decreased on Tuesday with the India VIX lowering by 1.51% to 12.07 levels. Options suggest a trading range shift towards 17400 to 18000 zones and immediate trading shift between 17500 to 17850 zones. Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, believes Nifty must retain over 17620 zones for the up move towards 17777 and 17850 while maintaining downside supports at marks of 17570 and 17500. Short-term traders can target stocks, such as Bank of Baroda, Indian Bank, Ircon International, Glenmark Pharma, IRCTC, and Poonawalla Fincorp.
FPI return to India may be tactical, not structural yet: HSBC MF’s Venugopal Manghat
Foreign investors are cautiously returning to Indian equities, but a durable FPI reallocation remains unconfirmed. HSBC Mutual Fund’s Venugopal Manghat highlights improving earnings, stable domestic
August 22, 2026