The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open on a cautious note on Tuesday, 11 August, amid mixed overnight global cues.

Asian markets traded mixed on Tuesday, while US stock futures edged lower, signalling a subdued start for global markets.

The Indian stock market ended largely flat on Monday, 10 August, as gains in heavyweight stocks such as Titan, Bajaj Finance and ICICI Bank offset losses in SBI and Reliance. Stock- and sector-specific moves dominated trading, while geopolitical uncertainties and elevated crude oil prices kept investors cautious.

Domestic Market Recap

On Monday, Indian indices ended in the green:

• Sensex gained by 43 points (0.06%) to close at 78,542.
• Nifty 50 moved up by 13 points (0.05%) to settle at 24,583.

Gift Nifty

Gift Nifty was trading near 24,621, around 10 points lower than the previous Nifty futures close, hinting at a muted start for Indian markets.

Overnight Wall Street Performance

The US stock market remained largely unchanged in overnight trading on Monday as investors assessed signs of progress toward reopening the Strait of Hormuz, while remaining cautious about the prospects of a broader agreement between the US and Iran to end the conflict.

• The Dow Jones Industrial Average slumped by 60.95 points (0.11%) to close at 53,975.98.
• S&P 500 was down by 4.53 points (0.05%), ending at 7.753.11.
• The Nasdaq Composite was lower by 85.26 points (0.32%), finishing at 26,605.36.

Overnight Major Global Events Driving Sentiment

1. US-Iran War: US President Donald Trump has demanded that Iran compensate the US for deaths caused by the conflict, after Tehran renewed its call for reparations as part of negotiations to end the war. Trump said the demand would be firmly included in any future talks, reducing hopes of an immediate agreement and the reopening of the Strait of Hormuz. Meanwhile, the Middle East conflict and the Russia-Ukraine war have disrupted refinery operations and tightened diesel supplies in Europe and the US, pushing prices higher. Iran and Oman are negotiating to reopen the Strait, but Tehran said the US must first lift its blockade and compensate Iran for damages. Before the war, the waterway handled around one-fifth of global oil and LNG shipments.

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