Morning Market Report | 22nd August 2025

Global Cues: US markets ended lower (S&P -0.4%, Nasdaq -0.34%) as investors await Powell’s Jackson Hole speech today. Markets see a 75% chance of a Fed rate cut in September. US 10Y yield rose to 4.32%, Brent crude is at $67.8, and Dollar Index at 98.6. Domestic Setup: GIFT Nifty is down 13 pts at 25,100, indicating a flat start. Market mood is cautious, with Powell’s speech likely to drive intraday sentiment. Futures Key Levels: Nifty Futures: Support 24,900 | Resistance 25,300 Bank Nifty Futures: Support 55,500 | Resistance 56,300 Stocks to Watch

(-ve): Promoters to sell 1.25% stake (₹1,295 cr) via block deal at 2% discount. Likely near-term pressure. (Neutral): Niranjan Gupta named CFO (effective Nov 1). Stable leadership after July CEO change. (+ve): Declares ₹16/sh interim dividend (₹6,256 cr). Record date Aug 27. Positive, but demerger hearing shifted to Sept 17. (+ve): Acquires ER&D firm Harmanjeet Connected Services for ₹3,200 cr; boosts engineering capabilities. (-ve): Independent director Nandkumar Saravade resigns. May weigh on governance perception. (Neutral): Sets up wholly owned subsidiary Blinkit Foods. No immediate stock impact. (+ve): Wins orders over ₹100 cr, positive for earnings visibility. (+ve): Secures ₹467 cr order from GRSE, order book momentum strong. (+ve): CEO Prashant Kumar gets extension till Apr 2026, leadership continuity positive. NTPC Green (Neutral): Commissions new solar capacity in Gujarat; incremental positive for renewables story. Takeaway Markets are likely to open flat with a cautious undertone. Powell’s Jackson Hole speech will set the tone for global risk sentiment. Watch 24,900 on Nifty and 55,500 on Bank Nifty as crucial supports. Stock action will be driven by Apollo Hospitals’ block deal, Vedanta’s dividend, and order wins in rail stocks.