Sensex and Nifty 50 are likely to open flat on Monday as mixed overnight global cues influence sentiment. Asian markets traded mixed, while US stocks rallied last week, with the Nasdaq hitting a record high. US stock futures rose ahead of this week’s inflation data.

Investors will track major triggers, including US-India trade talks, tariff updates, inflation data, the meeting between US President Donald Trump and Russian President Vladimir Putin, foreign fund flows, Q1 earnings, and other key domestic and global indicators.

However, on Friday, the Indian market closed sharply lower amid concerns over the economic impact of Trump’s 50% tariffs on India.

Domestic Market Recap

On Friday, Indian indices closed in the red:

• Sensex gained by 765.27 points (0.95%) to close at 79,857.79
• Nifty 50 moved down by 232.95 points (0.95%) to settle at 24,363.30

Gift Nifty

Gift Nifty was trading near 24,447, around 6 points lower than the previous Nifty futures close, hinting at a muted start for Indian markets.

Wall Street Performance

US stocks closed higher on Friday, with the Nasdaq hitting a record high for the second consecutive session, driven by strong gains in technology shares.

• Dow Jones Industrial Average surged by 206.97 points (0.47%) to close at 44,175.61.
• S&P 500 up by 49.45 points (0.78%), ending at 6,389.45.
• The Nasdaq Composite was trading higher by 207.32 points (.0.98%), finishing at 21,450.02.

During the previous week, Dow Jones gained 1.3%, S&P 500 surged 2.4%, and Nasdaq soared 3.9%

Crude Oil Prices

Crude oil prices fell as hopes for a Ukraine ceasefire and expectations of increased supply grew ahead of the Trump-Putin meeting later this week.

• Brent crude slumped by 1.07% to $65.88/barrel
• US West Texas Intermediate (WTI) crude was trading 1.17% lower at $63.13/barrel

Overnight Major Global Events Driving Sentiment

1. Trump-Putin Meeting: US President Donald Trump announced that he will meet Russian President Vladimir Putin in Alaska on August 15. While Trump confirmed Alaska as the venue, Kremlin adviser Yuri Ushakov remarked that it would be “natural” to hold the talks in Russia.

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