3 weeks ago
GIFT Nifty Signals Muted Start; Crude Jumps Past $85
A stock market is a place where people buy and sell small pieces of companies.
Before the market opens, a special number called GIFT Nifty gives a hint about how trading will begin.
In the latest reports, GIFT Nifty was almost unchanged, suggesting the market would start quietly.
The main reason investors felt cautious was oil prices, which can affect the cost of everything.
Brent crude oil jumped about 4% in just 12 hours and crossed $85 a barrel.
Investors were watching whether Iran and the United States would agree to reopen the Strait of Hormuz, a busy waterway for oil ships.
In Asia, some markets rose on hopes for that deal, but the next day many fell, and Japan was closed for a holiday.
In the United States, the S&P 500 set a record high on Friday and slipped just a little on Monday.
Indian shares finished the previous Monday session higher, and gold and silver prices also moved up.
Overall, investors are waiting to see what happens next with oil and the possible Hormuz deal.
GIFT Nifty signalled a muted start for Indian markets, edging down 12 points (0.05%) for Tuesday after pointing to a quiet open with a 21-point (0.09%) gain a day earlier.
Brent crude jumped about 4% in the last 12 hours to trade at $87.66 per barrel, above the key $85 level, as investors awaited an Iran-US deal on the Strait of Hormuz.
Asian markets opened higher on Monday on Hormuz deal hopes, with the Kospi up 0.53%, but turned lower on Tuesday, with Japan shut for a holiday and the Kospi down 0.76%.
The S&P 500 slipped 0.06% to 7,753.11 on Monday, a day after setting a record close of 7,757.64, while US futures traded subdued.
On August 10, foreign institutional investors bought shares worth Rs 1,974.76 crore in Indian markets, while domestic institutional investors sold Rs 1,290.29 crore.
- Who
- Indian market participants, including foreign institutional investors (FIIs) and domestic institutional investors (DIIs), plus Iran and the United States, reportedly close to a deal on reopening the Strait of Hormuz.
- What
- GIFT Nifty signalled a muted start for Indian markets while crude oil jumped above $85 per barrel as investors awaited a possible Iran-US deal to reopen the Strait of Hormuz.
- Where
- India, with global cues from Asia-Pacific markets (Japan, South Korea, Hong Kong) and the United States.
- When
- Market cues reported for the August 10-11, 2026 sessions, with earlier session data from August 7, 2026.
- Why
- Investors tracked crude oil prices and geopolitical tensions around the Strait of Hormuz, awaiting a likely Iran-US deal to reopen the waterway.
Key facts
- GIFT Nifty (August 11 cue)
- Down 12 points (-0.05%)
- GIFT Nifty (August 10 cue)
- Up 21 points (+0.09%)
- Nifty 50 (August 10 close)
- 24,583 (+0.05%)
- BSE Sensex (August 10 close)
- 78,542 (+0.6%)
- Brent crude
- $87.66 per barrel, jumped ~4% in 12 hours
- Gold (COMEX)
- $4,471.10 per ounce (+1.16%)
- FII/DII flows (August 10)
- FII +Rs 1,974.76 crore; DII -Rs 1,290.29 crore
- USD/INR (August 10)
- 95.30 per dollar; DXY at 99.78
Sources
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