Stock Market Today Live, July 17: Markets may open steady; heavyweight earnings, crude oil in focus

Nifty outlook today: 24,150 remains key hurdle; 23,900 support in focus

Rajesh Palviya, Head of Research, Axis Direct.

The Nifty 50 ended Thursday virtually unchanged at 24,072.75, slipping just 5.75 points, but the muted close concealed a market grappling with two contrasting forces. While IT and select auto stocks provided support, financials and metals remained under pressure, reflecting a shift toward sector-specific stock picking rather than broad-based buying. Despite persistent FII outflows, the market’s ability to defend the 24,000 mark highlights the resilience of domestic institutional flows, suggesting investors are awaiting stronger earnings cues before taking aggressive directional bets.

Global sentiment, however, has turned less supportive. US markets weakened as renewed selling in semiconductor stocks weighed heavily on technology shares, with the Nasdaq declining 1.47%, while Brent crude hovering near $85 per barrel has emerged as the biggest challenge for Indian equities. Elevated oil prices not only raise inflation concerns but also threaten corporate margins, fiscal stability and the rupee, making crude a more influential driver than global equity volatility at this stage.

From a technical perspective, the Nifty continues to consolidate within a narrow range, signalling indecision rather than weakness. The 23,900–23,800 zone remains a crucial support area, while 24,150 is the immediate hurdle. A sustained move above this level could trigger fresh momentum towards 24,300, whereas a break below support may invite another round of profit booking. With earnings season gathering pace, stock-specific opportunities are likely to outperform broad index moves, keeping volatility elevated despite a range-bound headline index.

FII & DII Trading Activities – Jul 16, 2026

FII Derivatives (F&O) 

– Index Futures: ₹(+)1,994.32 Cr 

– Index Options: ₹(-)270.41 Cr 

– Stock Futures: ₹(+)1,308.49 Cr 

– Stock Options: ₹(-)445.75 Cr 

– Net F&O: ₹(+)2,586.65 Cr 

Provisional Cash Figures 

– FIIs: ₹(-)4,205.56 Cr 

– DIIs: ₹(+)2,986.41 Cr 

Index Performance 

– BSE Sensex: 77,186.87 ((+)1.44, +0.00%) 

– Nifty 50: 24,072.75 ((-)5.75, -0.22%) 

– Nifty Bank: 57,582.25 ((-)175.60, -0.30%) 

– Nifty Mid Select: 14,793.25 ((+)21.80, +0.15%) 

– Nifty Microcap 250: 25,324.70 ((-)118.45, -0.47%) 

– Nifty Midcap 100: 62,686.75 ((-)256.45, -0.41%) 

– Nifty Smallcap 100: 19,336.25 ((-)19.10, -0.10%) 

– Advances: 2,026 | Declines: 2,210 

Securities in F&O Ban – Jul 17, 2026 

– KAYNES

Gold is set for weekly fall amid West Asia tensions. What’s ahead?

Gold is set for weekly fall amid West Asia tensions. What’s ahead?

Gold prices face weekly losses amid rising Fed-hike bets, driven by renewed Middle East tensions and inflation concerns.

IEA warns global energy security at risk if Strait of Hormuz oil flows are not restored

IEA warns energy security at risk if Strait of Hormuz oil flows are not restored

IEA chief Fatih Birol warns global energy security is at risk if oil shipments through the Strait of Hormuz do not resume, with Asia facing the biggest impact.

Brent tops $85 as US-Iran attacks intensify and oil supply fears grow

Oil prices rise as US-Iran conflict deepens and Strait of Hormuz risks grow

Oil prices climbed as renewed US-Iran attacks raised concerns over Strait of Hormuz and Red Sea supplies, pushing Brent above $85 a barrel.

Japan’s Nikkei slumps over 3% on tech selloff, Iran tensions

Japan’s Nikkei share gauge tumbled more than 3% on Friday as ‌a global rout in chipmakers and an escalation in Middle ⁠East tensions prompted investors to shun risk assets.

The benchmark Nikkei 225 was down ‌3.6% at 64,443.84. The broader Topix slipped 2% to 3,950.08. – Reuters

Gold set for biggest weekly fall in six as Iran war fans inflation worries

Gold rebounded on Friday but was set for its biggest weekly loss in six, as renewed U.S.-Iran clashes lifted oil prices, stoked inflation concerns and strengthened expectations that ‌interest rates could stay higher for longer.

* Spot gold gained 0.5% to $3,988.57 per ounce by, having touched its lowest since July 1 earlier in the session. U.S. gold futures for August delivery were steady at $3,992.70.

US STOCKS: Wall Street ends lower as chip weakness offsets solid earnings, economic data

Chip stocks pulled ‌the Nasdaq and the S&P 500 lower on Thursday as they continued to lead broader market moves despite generally upbeat U.S. economic data and a strong start to second-quarter earnings ⁠season. Among the 11 major sectors in the S&P 500, technology fell 1.8%, with a 4.3% drop in semiconductor stocks weighing heavily on the sector and the market. Daily swings in chips have increasingly dictated the overall movement of the major ‌U.S. stock indexes, particularly the tech-heavy Nasdaq.

Indexes down: Dow 0.20%, S&P 500 0.51%, Nasdaq 1.47% – Reuters

Trump says US is ‘winning big’ in Iran as military strikes continue

Trump says US is ‘winning big’ in Iran as military strikes continue

Donald Trump says the US is “winning big” in Iran as military strikes continue. The White House says Tehran remains open to talks despite escalating conflict.

NSE to launch derivatives on Nifty India FPI 150 Index from August 12

NSE to launch derivatives on Nifty India FPI 150 Index from August 12

NSE to launch derivatives on Nifty India FPI 150 Index from August 12, enhancing investment options for foreign investors.

These 12 stocks, including Maruti Suzuki, HCLTech, Coal India, PhysicsWallah, ITI and Sky Gold, will remain in focus

12 stocks to watch today: Maruti Suzuki, HCLTech, Coal India, PhysicsWallah, ITI, Sky Gold and more

Key updates on 12 stocks including Maruti Suzuki, HCLTech, and Coal India highlight significant corporate developments and investments.

Britannia fixes July 31 as record date for final dividend of ₹90.50 per share

Britannia Industries has fixed July 31, 2026, as the record date to determine shareholders’ eligibility for its proposed final dividend of ₹90.50 per equity share of face value ₹1 each for FY26.

The dividend, recommended by the company’s board at its meeting on May 7, 2026, is subject to shareholders’ approval at the 107th Annual General Meeting (AGM), scheduled to be held on August 7, 2026.

Kotak upgrades Eicher Motors to ‘Add’, raises target price to ₹7,950

Eicher Motors | Kotak Insti: Upgrade to ADD (from SELL); FV raised to ₹7,950 (₹6,500 earlier) on higher volume estimates, premium motorcycle growth tailwinds and 5–7% EPS upgrades over FY27–29.

WeWork India Management Limited Q1FY27 Results

Revenue 683.83 Cr vs 535.31 Cr

(+27.75% YoY┃-1.76% QoQ)

EBITDA 437.98 Cr vs 335.76 Cr

(+30.44% YoY ┃-2.71% QoQ)

EBITDA Margin 64.05% vs 62.72% YoY & 64.67% QoQ

PBT -3.94 Cr vs -14.10 Cr YoY & +44.01 Cr QoQ

PAT -4.06 Cr vs -14.15 Cr YoY & +65.87 Cr QoQ

PAT After Minority interest

-4.31 Cr vs -14.10 Cr YoY & +65.55 Cr QoQ

Other Income (Including Finance income) 16.91 Cr vs 10.40 Cr YoY & 19.29 Cr QoQ

FIIs sell ₹4,205 crore; DIIs buy ₹2,986 crore on July 16

Instl. Investors EQUITY Cash Trades PROV. – 16/07/2026 : Rs. CRS. : 

FIIS : SELL -4,205 (13,576-17,781)

DIIS : BUY +2,986 (19,236-16,250)

Borosil Renewables Limited Q1FY27 Results

Revenue 405.69 Cr vs 346.58 Cr

(+17.06% YoY┃-7.78% QoQ)

EBITDA 127.18 Cr vs 63.00 Cr

(+101.87% YoY┃-6.75% QoQ)

EBITDA Margin 31.35% vs 18.18% YoY & 30.99% QoQ

PBT 117.89 Cr vs 35.73 Cr

(+229.94% YoY┃-1.85% QoQ)

PAT 86.64 Cr vs -203.49 Cr

(Turnaround from loss YoY┃-48.77% QoQ)

Other Income 13.99 Cr vs 6.28 Cr YoY & 8.94 Cr QoQ

GNA Axles Limited Q1FY27 Results

Revenue 470.44 Cr vs 344.21 Cr

(+36.67% YoY┃+14.48% QoQ)

EBITDA 72.25 Cr vs 50.09 Cr

(+44.25% YoY ┃+26.05% QoQ)

EBITDA Margin 15.36% vs 14.55% YoY & 13.95% QoQ

PBT 51.79 Cr vs 31.37 Cr

(+65.09% YoY┃+41.80% QoQ)

PAT 38.27 Cr vs 22.99 Cr

(+66.48% YoY┃+24.17% QoQ)

Other Income 1.32 Cr vs 1.24 Cr YoY & 0.50 Cr QoQ

11 Stocks Closed at Fresh Lifetime Highs on July 16, 2026

BHEL 

Rubi Mills 

GNA Axles

Hind Rectifiers 

Aditya Infotech 

Menon Bearings 

Sai Life Sciences 

Tanfac Industries

Ipca Laboratories 

Fredum Pharmaceuticals 

Himadri Speciality Chemical

WATCH: Today’s stock recommendation – July 17, 2026

US expands Iran strikes, hits bridges as Tehran widens missile attacks across Gulf

US expands Iran strikes as Strait of Hormuz tensions trigger fresh Gulf missile attacks

US strikes Iranian bridges as Tehran launches fresh missile attacks across the Gulf, escalating the Strait of Hormuz crisis and threatening global oil supplies.

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