Market View 21st August, 2026

View on market: Volatility persists, eagerly searching for growth:

Global markets remained under pressure as US and European index futures traded lower during Asian hours. Asian markets also opened broadly weak, following a sharp selloff on Wall Street. Rising longer-term US Treasury yields reduced investor confidence, while higher energy prices added to concerns about inflation. US stocks ended lower as the recent bond rally lost momentum. Investors remained doubtful that efforts to control borrowing costs would provide lasting relief. Weak sales from Walmart also weighed on sentiment, while technology stocks extended their decline for another session. Indian markets, however, moved in the opposite direction and recovered after a prolonged losing streak. Both benchmark indices closed higher, supported by gains across broader markets. Realty stocks were among the strongest performers, while PSU banks remained under pressure. Overall, Indian equities showed some recovery despite weak global market cues and continued concerns over rising bond yields and inflation.

Economic Calendar:

• USD: S&P Global Composite, Manufacturing and Services Data on 21^st August 2026.
• IND: S&P Global Composite, Manufacturing & Services PMI and Bank Loan & Deposit Growth Rate and Foreign Reserves Data on 21^st August 2026.
• USD: House Price Index on 25^th August 2026.
• IND: Industrial Production and Foreign Exchange Reserves on 28^th August 2026.

BROKERAGE RADAR:

HSBC ON HINDUSTAN ZINC:

Target ₹770 Recommendation Accumulate, Increasing disconnect with strong LME zinc prices; Upside risks to consensus, Given strong LME zinc prices, HindZinc’s relative underperformance is surprising, Weakness in silver and potential government sell down likely weighed on the stock, Strong LME zinc and improving silver prices, weak INR and strong sulfuric acid prices build substantial upside risks to consensus estimates.

JEFFERIES ON TITAGARH:

Target ₹990 Recommendation Accumulate, Brick by Brick, Up the Value Chain, Included in the Approved Vendor category of Indian Railways for supply of traction motor for locomotives, Estimate 4-5% annual revenue accretion from the order, Believe, the order paves way for the company’s plans to move up the technology value chain through backward integration.

MORGAN STANLEY ON ADANI GREEN:

Target ₹1525 Recommendation Overweight, Powering Intelligence, Cleanly, Adani Green is India’s leading clean energy platform, Combining strong execution at scale across clean technologies, Improving portfolio quality that supports better cash flow, See returns visibility, with one of the strongest capacity and earnings growth profiles in the sector.

JEFFERIES ON ANTHEM BIOSCIENCE:

Target ₹1050 Recommendation Accumulate, Powerhouse of Capability, High-growth Indian CRDMO with industry-leading manufacturing capabilities and a technocrat-led mgmt team, Boasts highest EBITDA margin and ROCE among Indian CRDMOS, One of the few players with complex fermentation-based peptide capabilities, Expect Anthem to deliver FY26-29E Revenue/PAT CAGR of 18%/20%.

International Markets:

U.S & Europe:

*As per 21^st August.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

View on market: Volatility persists, eagerly searching for growth

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