Stock Market Prediction for Monday, 10 August 2026: Nifty Closes at 24,570 as Private Banks Drag Despite SBI Q1 Beat and TCS Surges 3.36 Percent

The stock market prediction for Monday for 10 August 2026 arrives after a session that confounded expectations: Nifty 50 closed at 24,570.65, falling 65 points, despite SBI Q1 FY27 delivering its strongest quarterly beat in years: PAT up 10.23 percent, NIM recovered to exactly 3 percent and GNPA hitting 1.47 percent, a two-decade low. The drag came from ICICI Bank falling 2.5 percent and HDFC Bank falling 0.45 percent as private bank selling continued independent of SBI's positive result. The stock market prediction for Monday's one bright spot was TCS surging 3.36 percent to Rs 2,452.70, making it Friday's top Nifty 50 gainer and confirming IT sector recovery. The primary variable for the stock market prediction for Monday remains the US Non-Farm Payrolls for July 2026, released at 6 PM IST today after Indian market close, which will determine whether Monday opens with a gap-up recovery or tests the 24,380-24,420 support. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, present the complete stock market prediction for Monday.

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Friday's Confirmed Close Behind the stock market prediction for Monday

Indicator	Friday 7 Aug Actual Close	Change from Thu
Nifty 50	24,570.65	-65.35 pts (-0.27%) | High: 24,629.8 | Low: 24,522.9
Sensex	78,499.17	-455.59 pts (-0.58%) | High: 78,757.4 | Low: 78,377.6
Bank Nifty	57,746.45	-317.20 pts (-0.55%) | High: 57,993.75 | Low: 57,688.3
SBI Q1 FY27	Rs 1,097.20 (+1.12%) | Intraday high Rs 1,124.5	PAT Rs 21,121 cr (+10.23%); NIM 3.0%; GNPA 1.47% (2-decade low)
ICICI Bank	Rs 1,421.00	-2.50% (Rs -36.50) | Private bank selling continued despite SBI beat
HDFC Bank	Rs 731.00	-0.45% (Rs -3.30) | Broad financial sector selling
TCS	Rs 2,452.70	+3.36% (Rs +79.70) | Top Nifty 50 gainer; IT recovery standout
Infosys	Rs 1,175.10	+0.87% (Rs +10.10) | IT sector broadly positive
Reliance Industries	Rs 1,334.80	+0.74% (Rs +9.80) | Second-best large-cap gainer
Bharti Airtel	Rs 1,959.90	+0.61% (Rs +11.90) | Re-rating continues post Q1 FY27
Hindustan Zinc	Rs 603.00	+2.20% (Rs +13.00) | Zinc at COMEX 4-year highs
US NFP (July 2026)	Released 6 PM IST today	Primary catalyst shaping Monday gap direction

Will the Stock Market Go Up or Down on Monday? Direct Answer

Base case (50%): NFP in the 150,000-200,000 range. Dow finishes Friday flat to mildly positive. Monday opens flat and the stock market prediction for Monday sees Nifty attempt to recover 24,620-24,640 intraday. TCS and IT sector sustain Friday's momentum. ICICI Bank stabilises. Nifty range: 24,480-24,680.

Bull case (30%): NFP above 200,000. Dow rises 0.5-1 percent Friday. Monday gap-up of 50-80 points. Nifty tests 24,680-24,720 as FII inflows return in this outlook. ICICI Bank recovery is the key breadth signal.

Bear case (20%): NFP below 130,000. Dow falls 1-2 percent. Monday gap-down amplifies Friday's losses. Nifty tests 24,280-24,320 in this outlook. This is the tail risk but has a higher probability than usual given Friday's failure to sustain the SBI rally.

Why Private Banks Fell Despite SBI's Beat: The stock market prediction for Monday Key Question

ICICI Bank fell 2.5 percent on Friday, the sharpest single-day decline among large private banks this week. Ankit Jaiswal identifies two reasons this matters for the stock market prediction for Monday: first, ICICI Bank's Q1 FY27 strong result (GNPA at a decade-low 2.1 percent, NIM 4.34 percent) is not protecting it from PSU-rotation selling that has not yet reversed despite SBI's confirmed beat. Second, HDFC Bank at Rs 731 and ICICI Bank at Rs 1,421 together constitute over 25 percent of Bank Nifty weight, meaning their recovery is essential for the stock market prediction for Monday's banking sector bull case on Monday.

Kunal Singla notes that ICICI Bank at Rs 1,421 is now at a technically important support zone after three sessions of decline. ICICI Bank bouncing from Rs 1,415-1,420 on Monday morning is the most important stock market prediction for Monday confirmation signal for the banking sector recovery. A break below Rs 1,400 would accelerate the stock market prediction for Monday bear case through further Bank Nifty selling.

TCS and IT: The stock market prediction for Monday Structural Positive for Monday

TCS surging 3.36 percent to Rs 2,452.70 on Friday is the cleanest positive signal in this outlook. Infosys gained 0.87 percent to Rs 1,175.10. Both stocks reversed Wednesday's rotation-driven oversell and confirmed the US enterprise technology spending thesis from the Dow Jones record at 54,349. For the stock market prediction for Monday, IT sector momentum is the most reliable carry-forward: Infosys's raised FY27 CC guidance of 4.5-6.5 percent and TCS's deal pipeline visibility mean Monday's Nifty IT should hold Friday's gains regardless of broader Nifty direction.

Nifty 50 Technical Levels for the stock market prediction for Monday

Level	Zone	Significance for stock market prediction for Monday
Bear case floor	24,200-24,280	Monthly support; weak NFP scenario target
Key support	24,380-24,420	Immediate support; hold here = stock market prediction for Monday base case intact
Friday's close	24,570.65	stock market prediction for Monday launch point; below = gap-down continuation
Friday's open	24,538.90	Below 24,570 but markets recovered intraday; reference for stock market prediction for Monday
First resistance	24,680-24,720	Recovery target; base case for stock market prediction for Monday on healthy NFP
Key resistance	24,780-24,850	Bull case target; needs strong NFP plus private bank recovery
Major wall	25,000	Monthly call OI ceiling

Sectors to Watch in the stock market prediction for Monday

IT sector: TCS +3.36 percent and Infosys +0.87 percent confirm the Nifty IT recovery is led by fundamental demand, not rotation. Ankit Jaiswal watches TCS sustaining above Rs 2,440 on Monday open as the stock market prediction for Monday's most reliable positive signal.

Private banking: ICICI Bank at Rs 1,421 (-2.5 percent Friday) and HDFC Bank at Rs 731 (-0.45 percent) are the stock market prediction for Monday's primary recovery requirement. Both bouncing simultaneously at Monday's open is the banking sector breadth confirmation signal that would push Bank Nifty above 57,900 in this outlook.

PSU banking: SBI closed Friday at Rs 1,097.20 (+1.12 percent) after hitting Rs 1,124.5 intraday. SBI holding above Rs 1,082 on Monday confirms Q1 FY27 result gains are sustaining in this outlook.

Metals and IT cross-play: Hindustan Zinc gained 2.2 percent to Rs 603 on Friday from COMEX zinc's 4-year high. This structural metal story is independent of NFP or banking sector variables, making Hindustan Zinc the stock market prediction for Monday's most fundamentally insulated large-cap for Monday.

Track All Nifty 50 Stocks Live and Plan for the stock market prediction for Monday on Monday

Strategy for the stock market prediction for Monday

1. Check NFP and Dow close Sunday evening: NFP at 6 PM IST today shapes the Dow Friday close, which is the stock market prediction for Monday's primary overnight input. Set GIFT Nifty alert at 9 AM Monday. GIFT Nifty above 24,620 = recovery opening; below 24,480 = gap-down opening.
2. ICICI Bank is the banking recovery signal: Kunal Singla identifies ICICI Bank above Rs 1,430 at Monday open as the stock market prediction for Monday trigger for adding banking positions. ICICI Bank's 2.5 percent Friday fall means a bounce from the Rs 1,415-1,420 zone provides a defined risk entry for the stock market prediction for Monday.
3. TCS momentum carry-forward: Ankit Jaiswal recommends holding or adding TCS above Rs 2,440 as the stock market prediction for Monday's lowest-risk trade for Monday. The IT recovery has both fundamental (US deal pipeline) and technical (break from Wednesday oversell) support in this outlook.
4. Do not average ICICI Bank below Rs 1,400: ICICI Bank breaking below Rs 1,400 on Monday would signal that the private bank selling is not a temporary rotation effect but a structural re-rating concern in the stock market prediction for Monday. Use Rs 1,400 as the hard stop for all banking longs in the stock market prediction for Monday.

Conclusion

The stock market prediction for Monday for 10 August 2026 carries a mixed setup. Nifty closed Friday at 24,570.65, down 65 points despite SBI's strong Q1 FY27 result, because private bank selling (ICICI -2.5 percent, HDFC -0.45 percent) overwhelmed the PSU banking gains. Ankit Jaiswal of Univest identifies the stock market prediction for Monday as a recovery-on-NFP prediction: a healthy NFP above 175,000 creates the conditions for Monday gap-up toward 24,680-24,720 and a full private bank recovery unwind.

Kunal Singla of Univest notes that TCS at Rs 2,452.70 (+3.36 percent Friday) and Hindustan Zinc at Rs 603 (+2.20 percent) are the cleanest stock market prediction for Monday positive carry-forwards for Monday. The 24,380-24,420 zone is the absolute support in the stock market prediction for Monday. ICICI Bank recovery is the most important intraday signal on Monday; track it at 9:30 AM before sizing any banking position.

Download the Univest iOS App or Univest Android App to get live Nifty 50 levels and NFP-driven alerts on Monday morning.

FAQs on Stock Market Prediction for Monday, 10 August 2026

What is the stock market prediction for Monday, 10 August 2026?

Ans. The stock market prediction for Monday is cautiously neutral with a recovery bias. Nifty 50 closed Friday at 24,570.65, falling 65 points despite SBI Q1 FY27 beating estimates. The fall was driven by ICICI Bank declining 2.5 percent and HDFC Bank losing 0.45 percent as private banks continued selling. Support for Monday is 24,380-24,420 and resistance is 24,680-24,720. US NFP at 6 PM IST today is the primary catalyst shaping the stock market prediction for Monday.

How does SBI Q1 FY27 affect the stock market prediction for Monday?

Ans. SBI Q1 FY27 beat consensus with PAT up 10.23 percent to Rs 21,121 crore, NIM recovering to exactly 3 percent and GNPA at 1.47 percent, a two-decade low. SBI surged to Rs 1,124.5 intraday but closed at Rs 1,097.20, up only 1.12 percent. The result's positive fundamentals are fully confirmed and will support the stock market prediction for Monday through sustained institutional buying in SBI and PSU banking over the weekend.

Why did the market fall on Friday despite SBI Q1 FY27 beating estimates?

Ans. The market fell on Friday because ICICI Bank dropped 2.5 percent and HDFC Bank fell 0.45 percent as private bank selling continued independent of SBI's positive result. Broader crude oil concerns from renewed Middle East uncertainty and weak Asian markets also weighed on the stock market prediction for Monday. TCS was the top gainer at 3.36 percent, limiting losses through IT sector recovery but not fully offsetting financial sector drag.

What is Nifty support and resistance in the stock market prediction for Monday?

Ans. In the stock market prediction for Monday, Nifty 50 support is at 24,380-24,420 (immediate) and 24,280-24,320 (key). Resistance is 24,680-24,720 (first recovery target) and 24,780-24,850 (bull case). The stock market prediction for Monday requires Nifty to reclaim 24,620-24,640, which is Friday's open level, for the week's losses to be recovered.

What is the US NFP impact on the stock market prediction for Monday?

Ans. US Non-Farm Payrolls for July 2026 releases at 6 PM IST today. A strong NFP in the 175,000-230,000 range would push Dow Jones higher, generate FII risk-on inflows on Monday and create a gap-up open that reverses Friday's losses in the stock market prediction for Monday. A weak NFP below 130,000 would amplify Friday's decline, creating a gap-down toward 24,280-24,320 in the stock market prediction for Monday.

Which analysts prepared the stock market prediction for Monday?

Ans. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, prepared the stock market prediction for Monday using Groww-confirmed Friday closing data: Nifty 24,570.65, Sensex 78,499.17, Bank Nifty 57,746.45, TCS Rs 2,452.70 and ICICI Bank Rs 1,421.