On Wednesday, August 13, the Bulls look set to charge at the opening bell, with optimism running high and sentiment firmly in the green. The market mood is buoyed by two key catalysts that have traders stepping in with confidence:
With both domestic and global inflation trends moving in a supportive direction, the bulls appear ready to make the most of the momentum at the open.
As of 7:12 AM, the GIFT Nifty was trading near the 24,617 mark, up 114 points from its previous close.
Asian markets opened on a positive note, mirroring Wall Street gains. The S&P 500 and Nasdaq ended at all-time highs as July inflation data came in line with forecasts, strengthening expectations of a Federal Reserve rate cut next month.
Upcoming earnings reports from key companies are expected to influence stock-specific movements.
Bharat Petroleum Corporation, Max Healthcare Institute Limited, Muthoot Finance, Samvardhana Motherson International, United Spirits, Vishal Mega Mart, Fertilisers and Chemicals Travancore, IRCTC - Indian Railway Catering & Tourism Corp, Jubilant Foodworks,
Anthem Biosciences, Godrej Industries, Endurance Technologies, ITI, AIA Engineering and Deepak Nitrite will announce their Q1 earnings today.
On Tuesday, August 12, Foreign Institutional Investors (FIIs) were net sellers for the 2nd consecutive trading session, having sold equities worth ₹3,398.80 crore. In contrast, Domestic Institutional Investors (DIIs) purchased shares worth ₹3,507.93 crore during the same session, extending their buying streak to 27 consecutive trading sessions.
Tariff-related uncertainties continued to pressure the markets, with the benchmark Nifty-50 closing 0.4% down at 24,487.40 on Tuesday. The Bank Nifty also declined, ending 0.84% lower at 55,043.70. Among sectors, Realty and consumer durables faced losses, while Pharma, Metals, Auto, and Oil & Gas recorded gains. In the broader market, small-cap stocks remained mostly unchanged, whereas mid-cap stocks slipped by 0.3%.
US stock indexes — including the S&P 500 and Nasdaq — reached new record levels on Tuesday, fueled by July inflation data that aligned with expectations and raised optimism about a potential Federal Reserve interest rate cut next month.
The Labor Department said the Consumer Price Index (CPI) rose 0.2% on a monthly basis in July, while annual inflation came in slightly below forecasts, drawing calls from U.S. President Donald Trump to lower interest rates.
The Dow Jones Industrial Average increased by 483.52 points, or 1.10%, closing at 44,458.61. Meanwhile, the S&P 500 gained 72.31 points, or 1.13%, finishing at 6,445.76, and the Nasdaq Composite surged 296.50 points, or 1.39%, to close at 21,681.90.
The US dollar slipped on Wednesday after a softer inflation report strengthened expectations of a Federal Reserve rate cut next month, while concerns over President Donald Trump’s efforts to consolidate influence across US institutions further weighed on the currency. The dollar index stood at 98.02, after falling roughly 0.5% on Tuesday.
Gold prices maintained slight gains after US inflation data met forecasts, supporting expectations of a potential interest rate cut by the Federal Reserve next month, as of 7:19, Spot gold is 0.08% higher at $3,350.33/oz.
Oil prices remained largely steady on Wednesday after a previous day’s decline, as industry data revealed a rise in US crude inventories, indicating the approaching end of the summer demand season. WTI crude futures hovered around $63 per barrel while Brent crude futures hovered around $66 per barrel on Wednesday.
Disclaimer: The article is for informational purposes only and not investment advice.
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