The domestic equity benchmarks, Sensex and Nifty 50, may open flat on Thursday as investors track mixed overnight global cues. Asian markets traded mixed, while US stocks closed lower overnight after the Federal Reserve released its July meeting minutes. 

However, on Wednesday, Indian equities extended their winning streak for a fifth straight session, with the Nifty 50 closing above the 25,000 mark.

Domestic Market Recap

On Wednesday, Indian indices closed in the green:

• Sensex surged by 213.45 points (0.26%) to close at 81,857.84
• Nifty 50 moved up by 69.90 points (0.28%) to settle at 25,050.55

Gift Nifty

Gift Nifty was trading near 25,085, around 2 points higher than the previous Nifty futures close, hinting at a lacklustre start for Indian markets.

Wall Street Performance

• The Dow Jones Industrial Average gained by 16.04 points (0.04%) to close at 44,938.31.
• S&P 500 down by 15.59 points (0.24%), ending at 6,395.78.
• The Nasdaq Composite was trading lower by 142.09 points (0.67%), finishing at 21,172.86.

Crude Oil Prices

• Brent crude gained by 0.15% to $66.94/barrel
• US West Texas Intermediate (WTI) crude was trading 1.38% higher at $63.21/barrel

Gold Prices1

• Spot gold was trading down by 0.1% at $3,343.09/oz 
• US gold futures were trading 0.1% lower at $3,386.10

Overnight Major Global Events Driving Sentiment

1. RBI MPC Meeting Minutes: RBI’s Monetary Policy Committee (MPC) members flagged rising risks from global trade tensions and tariffs as potential drags on growth, but noted that the economy remains resilient with a benign inflation outlook, according to the minutes of the August meeting.
2. US Fed Meeting Minutes: The US Federal Reserve’s July meeting minutes revealed that most policymakers viewed inflation risks as outweighing concerns about the labour market. While officials acknowledged both higher inflation and weaker employment, a majority of the 18 members judged inflation as the bigger threat.
3. Core Sector Data: Growth in India’s eight core infrastructure sectors slowed to 2% in July 2025 from 6.3% a year earlier, compared to 2.2% in June. For April–July FY26, core sector output expanded by 1.6%, sharply lower than the 6.3% growth in the same period last year.
4. Japan Manufacturing PMI: Japan’s manufacturing activity contracted for a second straight month in August, with the S&P Global flash Manufacturing PMI rising to 49.9 from July’s 48.9 but staying below the 50-mark threshold.

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