Indian equity markets may remain stock-specific on July 8 after benchmark indices snapped a four-day winning streak in the previous session. The Nifty 50 ended 0.13% lower at 24,398.70, while the Sensex slipped 0.13% to 78,180.72 on July 7 as traders booked profits near higher levels. Market breadth stayed weak, with 1,933 stocks declining against 1,018 advancing on the NSE. The 24,500–24,600 zone remains the key resistance band for Nifty, while 24,000–24,200 is expected to act as near-term support.

Contents

Key Stocks To Track For July 8 Stocks In Focus Today

Key Stocks To Track For July 8

Stock	CMP (Rs)	Key Technical Trigger	Upside / Downside Level	Invalidation Level
Coforge	1,516.20	Breakout above 1,525	Rise may extend towards 1,575 / 1,620	Below 1,475
PNB Housing Finance	1,109.70	Move above 1,115	Rise may extend towards 1,164 / 1,200	Below 1,066
Paytm	1,246	Sustains above 1,251	Rise may extend towards 1,306 / 1,355	Below 1,196
Tech Mahindra	1,447.50	Holds above 1,395	Rise may extend towards 1,550	Below 1,395
Hero MotoCorp	4,995.40	Holds above 4,870	Rise may extend towards 5,250	Below 4,870
ICICI Bank	1,414.70	Holds above 1,360	Rise may extend towards 1,510	Below 1,360
Equitas SFB	79.24	Support zone 77–79	Rise may extend towards 86 / 89	Below 74
Dabur India	453.50	Support zone 440–453	Rise may extend towards 490	Below 430
Punjab National Bank	103.79	Faces resistance near 103–106	Weakness may extend towards 90	Above 108

Source: Moneycontrol market column, July 8, 2026; prices as of July 7 close.

Coforge is consolidating near the top of a Rs 1,355–1,525 rectangle after IT stocks rallied more than 2% intraday on Tuesday; a breakout above Rs 1,525 could open room for Rs 1,575 and Rs 1,620.

Paytm confirmed a rounding-bottom breakout above its Rs 1,223 neckline on a 2.3% gain, with the 40-day EMA crossing above the 80-day EMA for the first time in 2026.

PNB Housing Finance is holding a higher-high, higher-low structure since mid-June and is trading near the upper Bollinger Band for the first time this leg.

Tech Mahindra and Hero MotoCorp are both showing bullish continuation after rebounding from support, while ICICI Bank, Equitas Small Finance Bank and Dabur India show similar setups near their respective support zones.

Punjab National Bank is the only counter showing a weak setup near the 103–106 resistance zone.

These levels can be cross-checked against live open interest data on NiftyTrader’s Option Chain tool for additional confirmation.

Stocks In Focus Today

Stock	Trigger	Why It Matters
Cochin Shipyard	OFS oversubscribed 3.52x on Day 1	Retail and employee bidding opens July 8; the green shoe is fully exercised
Adani Enterprises / Adani Group	DOJ dismissal motion under court review	Fuller justification due to Judge Garaufis by July 13
IDFC First Bank	Live on EPFO portal for digital PF payments	Adds statutory-compliance utility for employer customers
Premier Energies	Rs 3,011 crore in new solar orders (Q1 FY27)	Supports revenue visibility across FY27–FY28
Glenmark Pharmaceuticals	Launched generic Olanzapine injection in the US	Targets a $25.4 million reference-drug market
Trent	Fell 12.64% to Rs 2,921 despite 19% YoY revenue growth	Growth of 19% missed Street estimates (Citi had modelled 23%)

Source: Economic Times, DIPAM, Business Standard, company filings; prices as of July 7 close.

The government’s Rs 1,400-floor-price OFS in Cochin Shipyard drew strong non-retail demand on July 7, prompting DIPAM to exercise the full green-shoe option and lift the total offer to 5.04% of equity; the stock fell 5.03% to Rs 1,430.70 even as demand held up, with retail and employee bidding opening today.

Adani Group stocks remain in focus as the US Department of Justice, which has already sought dismissal of bribery-related charges against chairman Gautam Adani, faces a July 13 deadline set by Judge Nicholas Garaufis to submit fuller justification; legal experts cited by Business Standard say courts rarely reject such DOJ requests.

The case centres on solar-energy bribery allegations against Gautam Adani and Adani Green Energy, not the listed Adani Enterprises entity directly.

IDFC First Bank went live on the EPFO’s provident fund payment platform on July 6, letting employers complete PF challans via its retail and corporate internet banking; the bank’s Head–Retail Liabilities, Ashish Singh, said the integration is meant to speed up statutory compliance for business customers.

Premier Energies booked Rs 3,011 crore in fresh orders for 1,846 MW of solar cells and modules in the June quarter, with execution spread across FY27 and FY28.

Glenmark Pharmaceuticals launched a generic Olanzapine injection in the US on July 6, targeting the Zyprexa IntraMuscular Injection market, which logged $25.4 million in annual US sales per IQVIA data; Glenmark shares rose as much as 2.49% on the news.

Trent was the biggest drag on the Nifty 50 on July 7, tumbling 12.64% to close at Rs 2,921 even after posting 19% YoY growth in standalone revenue to Rs 5,666 crore, as the print fell short of Street estimates pegged in the low-to-mid-20% range; store productivity, with revenue per square foot down 12.2% YoY per Citi, added to the pressure.

With the DOJ’s Adani filing due July 13, Cochin Shipyard’s retail OFS window open today, and Nifty needing a decisive close above 24,600 to confirm fresh upside, several near-term triggers remain layered on top of Tuesday’s stock-specific moves.

Check Live:

Disclaimer: NiftyTrader is a financial markets information platform. The technical levels and observations above reflect independent market analysis and are provided for informational purposes only; they are not recommendations from NiftyTrader. Investments in securities are subject to market risk; please consult your financial advisor before making any investment decisions.