The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Tuesday, 18 August, amid weak overnight global cues.

Asian markets traded mostly lower on Tuesday, while US stock futures remained largely flat.

On Monday, the Sensex and Nifty 50 closed lower as investors focused on stock- and sector-specific opportunities amid better-than-expected Q1FY27 earnings and continued geopolitical uncertainty.

Domestic Market Recap

On Monday, Indian indices ended in red:

• Sensex slumped by 281 points (0.36%) to close at 77,728.16.
• Nifty 50 moved down by 78 points (0.32%) to settle at 24,287.65.

Gift Nifty

Gift Nifty was trading near 24,320, around 72 points lower than the previous Nifty futures close, hinting at a negative start for Indian markets.

Overnight Wall Street Performance

• The Dow Jones Industrial Average slumped by 272.63 points (0.51%) to close at 53,459.78.
• S&P 500 was down by 40.70 points (0.52%), ending at 7.745.06.
• The Nasdaq Composite was lower by 84.25 points (0.32%), finishing at 26,644.91.

Overnight Major Global Events Driving Sentiment

1. US-Iran War: Iran is preparing to adopt a “fully offensive” military posture after negotiations with the United States stalled, a senior Iranian official told Reuters on Monday. The development comes after Washington ruled out extending the temporary ceasefire.

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