Sensex, Nifty Eye Cautious Start as Crude Oil, Yields Rise


    By Dalal Street Investment Journal (DSIJ)

    Summary:


    Indian equities may see a cautious start on August 19, with Gift Nifty trades 30 points above Nifty futures’ previous close. Rising crude oil prices, a global bond sell-off and persistent US-Iran tensions continue to pressure sentiment. Asian technology stocks fell sharply. FIIs and DIIs both turned net buyers despite indian market ended in red in last trading session

    Markets Under Pressure: Nifty at 24,154 as Global Sell-Off Intensifies

    Pre Market

    The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to witness cautious start on Wednesday, August 18, as rising crude oil prices and a sharp increase in global bond yields continue to weigh on investor sentiment.

    Asian markets traded lower on Wednesday, while US stock futures remained near the flatline.

    As of 7:21 AM, Gift Nifty was trading around 24,210, up 30 points over the previous close of Nifty futures, indicating a cautious start for Indian equities.

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    Key Triggers to Watch for in Indian Markets on August 19

    Asian Technology Stocks Under Pressure

    Asian technology stocks declined on Wednesday, mirroring weakness in their US counterparts as a global bond sell-off weighed on investor sentiment.

    In Japan, SoftBank Group fell 5.44%, while chip equipment manufacturer Tokyo Electron declined 3.85%. Advantest dropped 3.93%, and memory chipmaker Kioxia plunged 9.13%.

    South Korean technology stocks also faced significant selling pressure, with SK Hynix falling 8.66% and Samsung Electronics declining 7.08%. Seoul Semiconductor slipped 4.33%.

    Technology stocks have witnessed heightened volatility in recent sessions, particularly in South Korea's semiconductor-heavy market, which has swung sharply between steep declines and record highs.

    Crude Oil Extends Gains on Supply Concerns

    Crude oil prices edged higher in early trade on Wednesday, extending gains for a fourth consecutive session amid persistent supply concerns and uncertainty surrounding the Strait of Hormuz.

    Brent crude futures rose 26 cents, or 0.29%, to $91.28 a barrel, while US West Texas Intermediate crude gained 37 cents to $85.31 a barrel.

    Both benchmarks settled on Tuesday at their highest levels since July 24, supported by fading hopes of a peace agreement between the US and Iran.

    US-Iran Tensions Keep Markets on Edge

    US President Donald Trump said on Tuesday that no negotiations were underway with Iran and maintained that the Strait of Hormuz remained open, contradicting Tehran's claim that the strategically important shipping route remained closed.

    The temporary ceasefire between the two sides expired on Monday. A senior Iranian official told Reuters that, amid the diplomatic deadlock, Iran was shifting towards a "fully offensive" military stance. However, no fresh attacks from either side were reported on Tuesday.

    Meanwhile, concerns over access to the Strait of Hormuz prompted Iraq's cabinet to approve a new mechanism for exporting crude oil through specialised international and domestic companies using multiple export routes. According to a government statement, the contracts under the arrangement will remain valid for three months from September 1.

    Gold Recovers as US Treasury Yields Ease

    Gold prices moved higher in early Asian trading on Wednesday as US Treasury yields retreated from recent highs, while investors remained focused on the upcoming release of the Federal Reserve's meeting minutes.

    Spot gold gained 0.2% to $4,342.33 per ounce, recovering slightly after falling nearly 2% in the previous session. Meanwhile, US gold futures for December delivery declined 0.6% to $4,396.30 per ounce.

    Derivatives Data for Nifty August Series Expiry

    Pre Market

    For August 25 expiry, the Put-Call Ratio (PCR) stands at 0.63. On the Put (PE) side, significant open interest addition was seen at 23,700 strike and significant open interest concentration was seen at 24,000 strike. 

    On the Call (CE) side, significant open interest addition was seen at 24,200 strike. The significant open interest was concentrated on the 25,000 strike price. 

    Technical Support and Resistance Level for Nifty Today 

    The Nifty 50 has crucial support levels at 24,149, 24,122 and 24,078, with a sustained break below the 24,192 Fibonacci retracement level potentially opening the door for a further decline towards the 24,050–24,000 zone. On the upside, immediate resistance is placed at 24,237, followed by 24,264 and 24,308, while the broader 24,200–24,300 range is expected to remain a key hurdle for any recovery. Given the prevailing bearish momentum and the index trading below key moving averages, traders will closely watch whether Nifty can hold above the support zone or whether any rebound sustains above the 24,200 level.

    Stocks to Watch on Wednesday, August 19: RailTel, Exide Industries, ONGC  in Focus  

    The stock-specific actions are likely to continue and here is the list of stocks to watch out for on Wednesday, August 19, 2026. 

    Stock

    Reason

    Aster DM Quality Care

    Centella Mauritius Holdings, managed by TPG affiliates, is likely to sell a 7.2% stake through a block deal at a floor price of ₹766.1 per share, according to CNBC-TV18.

    RailTel Corporation of India

    Received a work order worth ₹166.8 crore from the Employees’ Provident Fund Organisation.

    Krystal Integrated Services

    Secured a ₹134 crore work order from Maharashtra State Road Transport Corporation for integrated facility management services for three years.

    Exide Industries

    Invested an additional ₹200 crore in subsidiary Exide Energy Solutions, taking its total investment to ₹5,102.23 crore, to support lithium-ion cell manufacturing expansion.

    Atlanta Electricals

    Received an LOI worth ₹193.92 crore from APTRANSCO for the supply of 12 units of 160 MVA, 220/132 kV autotransformers.

    Interarch Building Solutions

    Secured a ₹128 crore order for manufacturing, supplying and erecting a pre-engineered steel building system for a major international FMCG player.

    HG Infra Engineering

    Received an LOI for the construction of 220/132/33 kV substations and associated transmission lines in Uttar Pradesh.

    Hindustan Zinc

    Increased renewable energy's share in overall power consumption to 22% and aims to meet around 70% of its power requirements through renewable sources by FY28.

    Jubilant Ingrevia

    Entered into a binding agreement to acquire a 40% stake in Zettaone Technologies India for ₹189.2 crore.

    Ducon Infratechnologies

    Secured an end-to-end contract for supplying and servicing a forced cooling network system for potlines at one of India’s largest single aluminium smelter plants.

    Oil and Natural Gas Corporation (ONGC)

    Commissioned gas evacuation facilities in Assam, enabling the utilisation of nearly 1 lakh SCM of gas per day from its Jorhat asset.

    Stock in F&O Ban on August 19

    For today, LICI, Mannapuram, SAIL and Bandhan Bank are under F&O ban.

    Institutional Flows – FIIs and DIIs

    On August 18, Foreign Institutional Investors (FIIs) were net buyers, having bought equities worth ₹1,651.53 crore. Domestic Institutional Investors (DIIs), on the other hand, bought shares totaling ₹2,579.31 crore during the same session. 

    Indian Stock Market Action On Tuesday

    On Tuesday, the unresolved crisis in West Asia and growing concerns over the impact of elevated crude oil prices on India’s macroeconomic outlook and corporate earnings continued to dampen investor sentiment. The benchmark Sensex tumbled 493 points, or 0.63%, to close at 77,235.46 on August 18. Meanwhile, the NSE’s Nifty 50 extended its losing streak to six consecutive sessions, falling 133 points, or 0.55%, to settle at 24,154.90.

    Wall Street Extends Losing Streak to Three Sessions

    US stock futures were largely unchanged on Tuesday night after the major indices extended their losing streak to three consecutive sessions, as a global bond sell-off and rising oil prices continued to weigh on investor sentiment.

    Dow Jones Industrial Average futures edged up by 2 points, while S&P 500 futures remained flat. Nasdaq 100 futures slipped 0.2%.

    In the previous session, Wall Street closed lower, with the Dow Jones falling 116 points, or 0.2%. The S&P 500 declined 0.7%, while the Nasdaq Composite was the biggest laggard, dropping 1.3%.

    About the Author

    SEBI Registered Research Analyst (INH000006396).


    Founded in 1986, Dalal Street Investment Journal (DSIJ) brings decades of experience in India’s equity markets. DSIJ's research combines fundamental analysis with price action, guided by disciplined risk management and capital preservation. They follow a structured, data-driven approach designed to help investors and traders make informed decisions beyond short-term market noise. 

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    Published Date : 19 Aug 2026

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    This article is for educational purposes only and should not be considered investment advice. Market investments are subject to risks. DSIJ Wealth Advisory Private Limited is a SEBI-registered Research Analyst (Reg. No: INH000006396) and Investment Adviser (Reg. No: INA000001142). Please consult your financial adviser before investing. 

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