The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open on a muted note on Thursday, 6 August, as investors assess mixed overnight global cues and the RBI’s latest policy decision.

Asian markets traded mixed on Thursday, while the US stock market rallied sharply in the previous session, providing positive global support.

The Indian benchmark indices, Sensex and Nifty 50, ended nearly unchanged on Wednesday, 5 August, after the Reserve Bank of India kept the repo rate unchanged and highlighted the economy’s resilience despite a modest rise in headline CPI inflation during the first quarter of FY27 amid ongoing global uncertainties.

Domestic Market Recap

On Wednesday, Indian indices ended in the green:

• Sensex gained by 152 points (0.19%) to close at 78,581.
• Nifty 50 moved up by 10 points (0.04%) to settle at 24,624.65

Gift Nifty

Gift Nifty was trading near 24,652, around 4 points higher than the previous Nifty futures close, hinting at a muted start for Indian markets.

Overnight Wall Street Performance

Wall Street futures traded mixed after the Dow Jones Industrial Average closed at a record high, as investors shifted their focus to the next round of corporate earnings announcements.

• The Dow Jones Industrial Average soared by 263.24 points (0.49%) to close at 54,349.12.
• S&P 500 was down by 12.97 points (0.17%), ending at 7.723.55.
• The Nasdaq Composite was lower by 221.55 points (0.83%), finishing at 26,363.44.

Overnight Major Global Events Driving Sentiment

1. US-Iran War: A proposed agreement between Iran and Oman to help ease tensions between the United States and Iran would reportedly give Tehran authority over vessels entering the Gulf through the Strait of Hormuz. If implemented, the arrangement would represent one of the most significant concessions made to Iran so far. The United States has not yet responded to the proposal. While President Donald Trump has suggested that an agreement to reopen the strategically important waterway could be reached soon, US officials have repeatedly stated that Washington would not accept Iran controlling access to the Strait of Hormuz, a vital route for global energy shipments.

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