2 weeks ago
Gift Nifty, Kospi Rally, Oil Prices: Key Stock Market Cues
People who buy and sell company shares in India are watching several things before the stock market opens on Thursday.
The two big Indian market indexes, the Sensex and the Nifty 50, fell a little on Wednesday.
Markets in Asia mostly went up, and South Korea's Kospi jumped more than any other.
In the United States, the prices of everyday goods did not rise much in July, which made some investors feel calmer.
The price of oil went down on Thursday.
Experts think the world will need less oil in 2026 because of a conflict involving the US, Israel and Iran.
That same Middle East conflict is still worrying people, so oil prices remain high.
Gold stayed near $4,400 for one ounce.
More than 570 companies will tell investors how much money they made in the last three months.
All these clues help investors guess how India's stock market might move today.
The Sensex slipped 188 points (0.24%) to 77,966.35 and the Nifty 50 fell 36 points (0.15%) to 24,435.95 on Wednesday, a second straight losing session.
Asian markets mostly gained on Wednesday, with South Korea's Kospi up 4.48% and Japan's Nikkei 225 up 1.83%, though Hang Seng futures fell 0.87%.
US July CPI rose 0.1% month-on-month and 3.4% year-on-year, close to expectations, leaving Wall Street's Dow flat while the S&P 500 and Nasdaq rose 0.3% and 0.5%.
Oil prices fell more than $1 as analysts cut 2026 global demand forecasts over the US-Israeli conflict with Iran, with Brent at $87.69 and WTI at $81.97 a barrel.
Gift Nifty traded around 24,423.50 ahead of Thursday's open, when more than 570 companies, including Tata Motors Passenger Vehicles and LG Electronics India, report Q1 FY27 results.
- Who
- Indian equity investors, and companies reporting Q1 results such as Tata Motors Passenger Vehicles, LG Electronics India, Honasa Consumer, Max Financial Services and General Insurance Corporation of India.
- What
- The Sensex and Nifty 50 face a flat start as investors weigh overnight global cues: Asian market gains, Wall Street's mixed close, softer US inflation, falling oil prices, the US-Iran conflict and the domestic earnings season.
- Where
- India, along with Asian, US and Middle East markets.
- When
- Overnight into Thursday, 13 August, following the Wednesday, 12 August trading sessions.
- Why
- Geopolitical tensions from the US-Israeli conflict with Iran, softer US inflation data, crude oil price swings and the Q1 FY27 earnings season are shaping market sentiment.
Key facts
- Sensex close
- 77,966.35, down 188 points (0.24%)
- Nifty 50 close
- 24,435.95, down 36 points (0.15%)
- Gift Nifty
- Around 24,423.50, down nearly 50 points from Nifty futures' previous close
- US CPI (July)
- +0.1% month-on-month; +3.4% year-on-year
- Brent crude
- $87.69 a barrel, down $1.29 (1.5%)
- WTI crude
- $81.97 a barrel, down $1.30 (1.6%)
- Gold rate
- $4,403.02 an ounce, down 0.1%
- Q1 results
- More than 570 companies report April-June quarter earnings on Thursday, 13 August
Quotes
Ajit Mishra
SVP, Research at Religare Broking
“Markets traded in a volatile range on Wednesday, extending their cautious tone amid renewed geopolitical concerns and mixed domestic factors.”
livemint.com
Sources
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