Quote on Daily Market Commentary 14th July 2026 by Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd
Below the Quote on Daily Market Commentary 14th July 2026 by Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd
Indian equities are expected to trade sideways with some volatility expected in the near term amid escalating geopolitical tensions in West Asia, Brent crude prices remaining above USD 85/bbl and weak global cues. With the Q1FY27 earnings season gathering pace, stock-specific action is likely to dominate, while investors will closely monitor key global macro data, including US CPI, US PPI and China's GDP. Earnings announcements from Union Bank, Groww, HDFC Life, HDFC AMC, ICICI Lombard, ICICI Prudential Life and Angel One will also remain in focus. Domestic equities ended lower on Tuesday, with the Nifty 50 declining 0.7%, while the Midcap100 and Smallcap100 indices fell 0.4% and 1%, respectively. Rising crude oil prices, fresh Foreign Institutional Investor outflows and weak global markets weighed on sentiment, while the weekly derivatives expiry added to market volatility. Oil prices surged more than 9% on Monday to a one-month high following reports that the US plans to impose a naval blockade covering Iran's coastline, ports and oil terminals. The move also includes a proposed 20% charge on cargo transiting the Strait of Hormuz, reigniting concerns over global energy shipments and supply disruptions. On the macro front, India's CPI inflation accelerated to 4.4% YoY in June from 3.9% in May, marking the first breach of the RBI's 4% inflation target in nearly 18 months. Wholesale price inflation also edged higher to 9.87% from 9.68%, driven by higher prices of food articles, mineral oils, basic metals and chemicals. India's total exports during April-June 2026 are estimated at over USD 232 billion, up 11.4% YoY, while June exports are estimated at USD 73.45 billion, reflecting 9.5% YoY growth, indicating steady export momentum. The India-UK Comprehensive Economic and Trade Agreement (CETA) comes into effect from tomorrow, July 15, 2026, and is expected to benefit labour-intensive sectors including textiles, garments, footwear, processed foods, fisheries and agriculture through zero-duty access to the UK market. Automobiles, auto components, machinery, electronics, fabricated metals and building materials are also expected to benefit from the agreement. NBFCs remain well positioned heading into FY27 after navigating a prolonged asset quality cycle. Improving balance sheets, better liquidity conditions, stable interest rates and moderating credit costs are expected to support stronger loan growth and mark the beginning of a broad-based earnings upcycle for the sector
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