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Crude Below $80, Hormuz Deal Hopes Drive Sensex, Nifty Cues

Crude Below $80, Hormuz Deal Hopes Drive Sensex, Nifty Cues
Sensex, Nifty Today: GIFT Nifty signals flat start; Crude continues below $80 · financialexpress.com

Stock markets are places where people buy and sell small pieces of companies, called shares.

These two news reports are about what happened in India's stock markets on August 5 and 6, 2026.

A signal called GIFT Nifty predicted that Indian markets would start with a big jump on one day and a very quiet start the next day.

The excitement came because the price of crude oil fell below $80 a barrel.

Oil became cheaper after the US said it would reopen the Strait of Hormuz, a busy waterway that ships use to carry oil.

When oil is cheaper, companies spend less on fuel, and investors feel happier about buying shares.

In the US, one big stock index called the S&P 500 reached a new record high after this news.

In India, the prices of gold and silver also went up a little on one of the days.

People are also watching the Reserve Bank of India, which decides how cheap or expensive it is to borrow money.

Experts expect the Bank to keep rates unchanged for now because of worries about inflation from bad weather and the war in West Asia.

Key facts

GIFT Nifty signal (Aug 5)
Up 149 points (+0.80%)
GIFT Nifty signal (Aug 6)
Up 11 points (+0.04%)
Nifty 50 close (Aug 5)
24,625, +0.04%
BSE Sensex close (Aug 5)
78,581, +0.19%
S&P 500 close (Aug 4)
7,736.52, fresh high, +1.79%
Oil prices (Aug 6)
WTI $75.19; Brent $79.54 per barrel, below $80
24-carat gold in India
Rs 1,48,510 per 10 grams, +3.12%
Silver in India
Rs 2.27 lakh per kilogram, +2.8%

Sources

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