Quote on Daily Market Commentary for August 20th 2026 by Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd

2026-08-20 05:06:51 pm | Source: Motilal Oswal Financial Services Ltd

Quote on Daily Market Commentary for August 20th 2026 by Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd

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Below the Quote on Daily Market Commentary for August 20th 2026 by Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd

Indian equities are expected to remain sideways with a marginal recovery bias, supported by value buying after seven consecutive sessions of decline and firm global cues. Broader market action and sector-specific opportunities are likely to remain in focus. Domestic equities rebounded, with the Nifty 50 gaining 0.6%, while the Midcap100 and Smallcap100 indices advanced 0.4% and 7%, respectively. All sectoral indices ended in the green, led by Nifty Private Banks & (+0.9%), Nifty FMCG & Nifty IT (+0.8% each). The Nifty IT index extended its two-session recovery after declining around 4% over the previous three sessions. Gold-loan lenders gained 3–4% as gold prices rose to a more than two-month high, supported by lower US Treasury yields and a weaker dollar. The US Treasury plans to double buyback sizes for long-duration debt to contain the recent rise in yields, after the 30-year Treasury yield hit its highest level since 2007. Sugar stocks extended gains for the second consecutive session, gaining up to 10%, supported by firm domestic sugar prices, strong festive demand expectations and higher raw sugar prices. The 4th India-Singapore Ministerial Roundtable is being held today in Singapore, with discussions focused on advanced manufacturing, connectivity, digitalisation, healthcare, skills development and sustainability.

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Quote on Daily Market Commentary for August 20th 2026 by Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd

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