The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Monday as investors react to mixed overnight global market cues and remain cautious amid the renewed escalation of the US–Iran conflict in the Middle East.

Asian markets traded lower, while US stock futures declined after fresh attacks in the Middle East intensified the US–Iran conflict and dampened global risk sentiment.

Moreover, on Thursday, the Indian stock market ended marginally higher, although benchmark indices gave up most of their intraday gains as investors booked profits at higher levels.

Domestic Market Recap

On Thursday, Indian indices ended green:

• Sensex gained by 109.25 points (0.14%) to close at 77,100.47
• Nifty 50 moved up by 34.35 points (0.14%) to settle at 24,056.00

Gift Nifty

Gift Nifty was trading near 24,087, around 15 points lower than the previous Nifty futures close, hinting at a muted start for Indian markets.

Overnight Wall Street Performance

US stock market ended lower on Friday as a sharp selloff in AI-related semiconductor stocks weighed heavily on investor sentiment. The decline in chipmakers dragged major Wall Street indices lower, with technology shares leading the broader market weakness.

• The Dow Jones Industrial Average slipped by 44.51 points (0.09%) to close at 51,876.11.
• S&P 500 was down by 3.47 points (0.05%), ending at 7.354.02.
• The Nasdaq Composite was lower by 60.98 points (0.24%), finishing at 25,297.62.

Crude Oil Prices

• Brent crude gained by 0.67% to $72.51/barrel
• US West Texas Intermediate (WTI) crude was trading 1.03% higher at $69.94/barrel

Overnight Major Global Events Driving Sentiment

1. US–Iran War: The United States and Iran have agreed to halt military attacks ahead of a new round of peace talks scheduled for this week. The discussions will focus on reopening the Strait of Hormuz and resolving other outstanding issues to bring the conflict to an end. The agreement comes after both countries exchanged fresh attacks over the weekend and accused each other of violating the ceasefire.
2. US Consumer Sentiment: US consumer sentiment improved from record-low levels in June. The University of Michigan’s Consumer Sentiment Index rose to a final reading of 49.5 in June from 44.8 in May, slightly above the preliminary reading of 48.9. Economists surveyed by Reuters had expected the index to increase to 50.0.
3. India GDP Growth: Goldman Sachs upgraded its outlook for India’s economy in 2026 following the recent US–Iran peace deal. The brokerage raised its FY2026 real GDP growth forecast to 6.5% from 6.1%, while also lowering its projections for inflation and the current account deficit, citing improved macroeconomic conditions driven by easing geopolitical tensions.

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