Archive · 13 Aug 2026
Nifty Futures hold support near 24,370-24,400, rebound likely
The Nifty 50 is an index that tracks the price of 50 big companies in India.
On August 13, 2026, it started the day almost flat but then fell a little, trading about 0.3 per cent lower.
More stocks fell than rose, which means the mood of the market was a bit cautious.
Some companies did well, like Tata Motors Passenger Vehicles and Shriram Finance, whose shares went up.
Other companies, like UltraTech Cement and Hindalco Industries, saw their shares drop.
The media sector was the strongest, and the cement sector was the weakest.
However, experts noticed that the market is near a strong support level, like a floor that often stops prices from falling further.
Because of this support, they think the market is likely to bounce back and go up.
If it breaks that floor, prices could fall more instead.
Traders were given specific levels to buy and sell to manage their risk.
So overall, the market is a little down but might recover soon.
Nifty 50 opened flat at 24,432 and traded at 24,350, down 0.3 per cent on August 13, 2026.
The advance/decline ratio stood at 17/33, giving the market a bearish bias.
Tata Motors Passenger Vehicles (up 1.7 per cent) and Shriram Finance (up 1.5 per cent) were top gainers, while UltraTech Cement (down 2.4 per cent) and Hindalco Industries (down 2.2 per cent) were top losers.
Nifty Media was the top sectoral gainer (up 1.3 per cent) and Nifty Cement the top loser (down 1 per cent).
Analysts see a likely rebound to 24,600, with supports at 24,400 and 24,200 and resistance at 24,600 and 24,800.
- Who
- Nifty 50 and Nifty futures traders on the Indian stock market.
- What
- The Nifty 50 traded flat-to-lower with a bearish bias while hovering near key support levels, with analysts predicting a probable rebound.
- When
- August 13, 2026.
- Where
- Indian stock market (Nifty 50 on the National Stock Exchange).
- Why
- The market showed a bearish bias from a negative advance/decline ratio and sectoral losses, but technical charts showed prices near a notable support band, suggesting a rebound is likely.
- Nifty 50 open
- 24,432
- Nifty 50 Wednesday's close
- 24,436
- Nifty 50 current price
- 24,350 (down 0.3%)
- Advance/Decline ratio
- 17/33 (bearish bias)
- Top gainer
- Tata Motors Passenger Vehicles (TPMV), up 1.7%
- Top loser
- UltraTech Cement, down 2.4%
- Nifty futures support
- 24,400 and 24,200 (support band 24,370-24,400)
- Nifty futures resistance
- 24,600 and 24,800