ConclaveDirection today
AS OF 14 AUG 2026, 4:48 PM

Direction today

HOUSE RETURN TODAY
+0.15%
+0.08% versus benchmark
IDEAS REQUIRING DIRECTION
11
7 sector sleeves
WORST MODEL STRESS
-9.14%
Equity, rates, FX and liquidity reviewed
DECISION
Set direction
Delegate research, limits and weights

Morning decision brief

Decision brief

CLICK TO EXPAND

India market and rates

Nifty Bank Index
13 Aug 2026
54,118.40
1D +0.22%
5D -0.41%
Nifty Financial Services Index
13 Aug 2026
25,742.15
1D +0.28%
5D -0.19%
Nifty 50 Index
13 Aug 2026
24,395.85
1D -0.16%
5D -0.97%
Nifty Midcap 150 Index
13 Aug 2026
21,884.20
1D -0.34%
5D -1.82%
Nifty Smallcap 250 Index
13 Aug 2026
17,206.55
1D -0.58%
5D -2.64%
India VIX
13 Aug 2026
13.42
1D +2.14%
5D +6.90%
India Government 10Y Yield (INR)
13 Aug 2026
6.76%
1D -1.70 bps
5D -0.90 bps
India Government 5Y Yield (INR)
13 Aug 2026
6.38%
1D -1.90 bps
5D -2.60 bps
India Government 2Y Yield (INR)
13 Aug 2026
5.94%
1D -2.10 bps
5D -4.00 bps
5Y OIS (INR)
13 Aug 2026
5.86%
1D -1.40 bps
5D -3.20 bps
3M T-Bill (INR)
13 Aug 2026
5.61%
1D -0.80 bps
5D -1.50 bps
AAA 5Y corporate spread
13 Aug 2026
62 bps
1D +1.00 bps
5D +4.00 bps
Overnight system liquidity (LAF)
13 Aug 2026
₹1.42T surplus
1D -4.10%
5D -11.80%
USD/INR Spot
12 Aug 2026
₹95.34
1D -0.10%
5D +0.23%

Today's committee agenda

US and global transmission

S&P 500 Index
13 Aug 2026
6,418.62
1D +0.31%
5D +1.04%
Nasdaq 100 Index
13 Aug 2026
23,914.40
1D +0.47%
5D +1.62%
Russell 2000 Index
13 Aug 2026
3,052.85
1D +0.24%
5D +1.71%
CBOE Volatility Index (VIX)
13 Aug 2026
14.86
1D -2.30%
5D -7.44%
ICE BofA US Bond Market Option Volatility Estimate Index
13 Aug 2026
69.23
1D -3.97%
5D -9.05%
US Treasury 2Y Yield (USD)
13 Aug 2026
4.14%
1D -5.50 bps
5D -10.20 bps
US Treasury 10Y Yield (USD)
13 Aug 2026
4.64%
1D -4.00 bps
5D -2.90 bps
US Treasury 30Y Yield (USD)
13 Aug 2026
5.22%
1D -3.40 bps
5D 0.00 bps
US 2s10s curve
13 Aug 2026
+50 bps
1D +1.50 bps
5D +7.30 bps
US high yield OAS
13 Aug 2026
318 bps
1D -2.00 bps
5D -9.00 bps
Dollar Index (DXY)
13 Aug 2026
99.18
1D -0.12%
5D -0.46%
Brent crude (USD/bbl)
13 Aug 2026
72.41
1D +0.86%
5D -1.94%
Gold (USD/oz)
13 Aug 2026
3,486.20
1D +0.42%
5D +1.28%

Portfolio contribution

POSITIONWEIGHT1 DAYCONTRIBUTION5 DAYDECISION FOCUS
HDFC Bank
HDBK.NS · Private banks
8%+0.71%+0.06%-1.27%HOLD
ICICI Bank
ICBK.NS · Private banks
6%+0.55%+0.03%-0.62%HOLD
Kotak Mahindra Bank
KTKM.NS · Private banks
5%+0.41%+0.02%-0.36%ADD AFTER HUMAN REVIEW
State Bank of India
SBI.NS · Public banks
5%+0.09%+0.00%-0.18%HOLD
Axis Bank
AXBK.NS · Private banks
3%+0.33%+0.01%-0.88%HOLD
Bajaj Finance
BJFN.NS · NBFC
6%+0.94%+0.06%+2.14%ADD AFTER HUMAN REVIEW
Cholamandalam Investment
CHLA.NS · NBFC
3%+0.78%+0.02%+1.44%MONITOR
Shriram Finance
SHMF.NS · NBFC
2%-0.35%-0.01%+0.62%MONITOR
Reliance Industries
RELI.NS · Energy & consumer
7%-0.90%-0.06%-0.60%TRIM AFTER HUMAN REVIEW
Larsen & Toubro
LART.NS · Industrials
5%+0.62%+0.03%+1.02%ADD AFTER HUMAN REVIEW
Infosys
INFY.NS · Technology
4%-0.09%-0.00%+0.86%HOLD
Tata Consultancy Services
TCS.NS · Technology
3%-0.22%-0.01%+0.41%HOLD
HCL Technologies
HCLT.NS · Technology
2%+0.14%+0.00%+1.18%HOLD
Maruti Suzuki
MRTI.NS · Autos
4%+0.28%+0.01%+0.77%HOLD
Tata Motors
TAMO.NS · Autos
3%-1.12%-0.03%-3.11%TRIM AFTER HUMAN REVIEW
Titan Company
TITN.NS · Consumer discretionary
2%+0.46%+0.01%+1.92%HOLD
Hindustan Unilever
HLL.NS · Consumer staples
2%-0.18%-0.00%-0.44%HOLD
Sun Pharmaceutical
SUN.NS · Healthcare
2%+0.37%+0.01%+0.95%HOLD
UltraTech Cement
ULTC.NS · Materials
2%-0.41%-0.01%-1.06%MONITOR

India macro evidence

US macro evidence

Sector exposure versus benchmark

SECTORHOUSEBENCHMARKACTIVE1 DAYCONTRIBUTIONHOUSE VIEW
Private banks22%19.4%+2.6%+0.53%+0.12%OVERWEIGHT
NBFC and diversified finance11%8.2%+2.8%+0.62%+0.07%OVERWEIGHT
Public banks5%6.1%-1.1%+0.09%+0.00%UNDERWEIGHT
Technology9%12.8%-3.8%-0.10%-0.01%UNDERWEIGHT
Energy and consumer conglomerate7%9.6%-2.6%-0.90%-0.06%UNDERWEIGHT
Industrials and capex5%4.4%+0.6%+0.62%+0.03%OVERWEIGHT
Autos7%6.3%+0.7%-0.32%-0.02%NEUTRAL
Consumer4%8.1%-4.1%+0.14%+0.01%UNDERWEIGHT
Healthcare2%4.2%-2.2%+0.37%+0.01%UNDERWEIGHT
Materials2%5.0%-3.0%-0.41%-0.01%UNDERWEIGHT
Passive sleeves18%16.0%+2.0%+0.01%+0.00%NEUTRAL
Cash and reserve8%0.0%+8.0%0.00%0.00%DEFENSIVE

Decision calendar — next three weeks

DATEEVENTOWNERWHAT IT DECIDES
17 Aug 2026India WPI inflation releaseMacro analystRates sleeve and duration stance
18 Aug 2026Bank credit and deposit fortnightly dataFinancials analystFunding franchise thesis
20 Aug 2026Investment committee — thesis reviewCIOApprove or reject three weight changes
21 Aug 2026FOMC minutesMacro analystGlobal duration transmission
25 Aug 2026Bank Nifty index rebalance noticePassive leadReplication and turnover cost
28 Aug 2026Monthly ALCO stress packHead of RiskScenario refresh and limit review
01 Sep 2026India manufacturing PMIMacro analystCapex and industrials sleeve
05 Sep 2026Quarterly credit-cost model revalidationModel riskUnblocks NBFC conviction change

Coverage alerts

SECURITYCLOSE1 DAY5 DAYS52-WEEK DRAWDOWNEVIDENCE DATE
HDFC Bank
HDBK.NS · Private banks
1,978.50+0.71%-1.27%-8.40%13 Aug 2026
ICICI Bank
ICBK.NS · Private banks
1,342.80+0.55%-0.62%-7.10%13 Aug 2026
Kotak Mahindra Bank
KTKM.NS · Private banks
1,912.00+0.41%-0.36%-9.85%13 Aug 2026
State Bank of India
SBI.NS · Public banks
842.60+0.09%-0.18%-12.40%13 Aug 2026
Axis Bank
AXBK.NS · Private banks
1,156.40+0.33%-0.88%-11.05%13 Aug 2026
Bajaj Finance
BJFN.NS · NBFC
7,845.00+0.94%+2.14%-11.40%13 Aug 2026
Cholamandalam Investment
CHLA.NS · NBFC
1,524.00+0.78%+1.44%-13.20%13 Aug 2026
Shriram Finance
SHMF.NS · NBFC
652.30-0.35%+0.62%-16.80%13 Aug 2026
Reliance Industries
RELI.NS · Energy & consumer
1,317.00-0.90%-0.60%-17.29%13 Aug 2026
Larsen & Toubro
LART.NS · Industrials
3,684.00+0.62%+1.02%-14.10%13 Aug 2026
Infosys
INFY.NS · Technology
1,498.20-0.09%+0.86%-19.60%13 Aug 2026
Tata Consultancy Services
TCS.NS · Technology
3,245.50-0.22%+0.41%-21.40%13 Aug 2026
HCL Technologies
HCLT.NS · Technology
1,682.90+0.14%+1.18%-15.30%13 Aug 2026
Maruti Suzuki
MRTI.NS · Autos
13,480.00+0.28%+0.77%-10.20%13 Aug 2026
Tata Motors
TAMO.NS · Autos
684.20-1.12%-3.11%-28.60%13 Aug 2026
Titan Company
TITN.NS · Consumer discretionary
3,762.40+0.46%+1.92%-12.70%13 Aug 2026
Hindustan Unilever
HLL.NS · Consumer staples
2,418.70-0.18%-0.44%-9.10%13 Aug 2026
Sun Pharmaceutical
SUN.NS · Healthcare
1,854.10+0.37%+0.95%-8.60%13 Aug 2026
UltraTech Cement
ULTC.NS · Materials
11,240.00-0.41%-1.06%-13.90%13 Aug 2026

Demonstration desk for IndusInd Capital. Modelled book, dated observed market data, no live client positions.