The Indian stock market remained range-bound last week, with Sensex losing around 500 points and Nifty falling 205 points to end in the red. Analysts now highlight four key factors that can influence Dalal Street’s action during the upcoming week, from August 17 (Monday) to August 21 (Friday).
On Friday, Sensex and Nifty recorded slight losses even as oil prices stabilised around $87 per barrel. Sensex fell around 71 points to close at 78,009, while Nifty 50 lost 30 points to end the session at 24,366. Broader markets slipped into the deep red, with the Nifty Smallcap 100 and Nifty Midcap 100 indices falling around 0.7% each.
Going ahead, the immediate resistance for Nifty is placed in the 24,500-24,550 zone, according to SBI Securities. Any sustainable move above this zone could result in Nifty extending its pullback towards 24,700, followed by 24,850 in the short term, it added. On the downside, the immediate support for Nifty is placed in the 24,230-24,200 zone, according to the domestic brokerage.
Cochin Shipyard
State-owned shipbuilding and allied services provider Cochin Shipyard reported a year-on-year decline of over 19% YoY in its consolidated net profit to Rs 151.5 crore for the first quarter of FY27, from Rs 188 crore reported in the corresponding quarter of the previous fiscal year. The shipbuilder's revenue from operations during Q1 FY27 touched Rs 1,094 crore, up 2.3% YoY from Rs 1,069 crore reported in Q1 FY26, according to an exchange filing submitted by the Miniratna company.
Voltas
Voltas reported a 52% YoY surge in consolidated net profit to Rs 214 crore for the fourth quarter of FY27, from Rs 140 crore reported in the year-ago period. The company’s revenue from operations meanwhile increased around 19% YoY to Rs 4,673 crore during the quarter under review, from Rs 3,939 crore in the year-ago period.
Patanjali Foods
Patanjali Foods reported an 86% increase in its consolidated net profit to Rs 335.73 crore in the quarter ended June, backed by higher total income. Total income rose to Rs 11,341.89 crore during the first quarter of this fiscal from Rs 8,779 crore in the corresponding period of the preceding year, according to a regulatory filing.
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PhysicsWallah
PhysicsWallah's consolidated net loss narrowed 31% to Rs 88.3 crore in the April-June quarter from Rs 127 crore a year earlier, as operating revenue rose 24% to Rs 1,054 crore, led by its online business. It retained its FY27 guidance of more than 30% revenue growth, full-year net profitability and profitability in its offline business, saying a delayed NEET cycle had shifted enrolments into subsequent quarters.
Kwality Wall’s
Kwality Wall’s (India) reported a 35% YoY rise in net profit to Rs 51 crore for the fourth quarter of FY27, from Rs 38 crore reported in the year-ago period. The company’s revenue from operations meanwhile increased to Rs 880 crore during the quarter under review, from Rs 757 crore in the year-ago period.
Natco Pharma
Natco Pharma reported a 57% decline in consolidated net profit at Rs 206.5 crore in the first quarter ended June 2026, hit by lower sales of its generic cancer treatment drug lenalidomide. Consolidated revenue from operations in the first quarter was lower at Rs 735.2 crore in the first quarter as compared to Rs 1,328.9 crore in the corresponding period a year ago, it added.
NMDC
State-owned NMDC posted a 2% rise in consolidated net profit to Rs 2,005.71 crore in the June quarter, supported by a growth in revenues from iron ore sales. During April-June, the company increased its total income to Rs 7,142.54 crore, up 1.5% from Rs 7,038.97 crore in the first quarter of the preceding 2025-26 fiscal.
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(With inputs from agencies)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
