On Monday, August 11, Gift Nifty indicated a positive start for the benchmark Nifty. As of 7:20 AM, the GIFT Nifty was trading near the 24,448 mark, up 51 points from its previous close.
The 2-biggest positive catalysts:
1) Fed’s September rate cut is back on the table.
2) In Friday’s negative session, FIIs turned out to be net buyers to the tune of ₹1,932.81 crore.
Asian markets showed a mixed performance, while US equities advanced last week, with the Nasdaq ending at a fresh record high. US stock futures traded in positive territory ahead of this week’s inflation data release.
In the coming days, market participants will watch several important triggers, such as progress in US-India trade discussions, tariff-related updates, inflation figures, the meeting between US President Donald Trump and Russian President Vladimir Putin, trends in foreign fund flows, Q1 earnings announcements, and other significant domestic and global economic indicators.
Upcoming earnings reports from key companies are expected to influence stock-specific movements.
Astral Limited, SJVN, Ipca Laboratories, BEML, Bata India, JM Financial, Travel Food Services, Embassy Developments, Cello World, Belrise Industries, Eureka Forbes and TITAGARH RAIL SYSTEMS will announce their Q1 earnings today.
On Friday, August 8, Foreign Institutional Investors (FIIs) were net buyers, buying equities worth ₹1,932.81 crore, after 14 consecutive trading sessions of selling. In contrast, Domestic Institutional Investors (DIIs) purchased shares worth ₹7,723.66 crore during the same session, extending their buying streak to 25 consecutive trading sessions.
The Indian stock market closed in the red for the sixth consecutive week, with the Nifty 50 index recording its longest stretch of losses since March 2020. Over the past six weeks, the index has declined by a total of 4.97%. In the final trading session of the week, selling pressure intensified, dragging the Nifty down by 232 points, or 0.95%, to end at 24,363 — its lowest closing level in three months.
On Friday, U.S. stocks closed in positive territory, with the Nasdaq securing a record finish for the second day in a row, driven by strong gains in technology shares.
The Dow Jones Industrial Average advanced 206.97 points, or 0.47%, to end at 44,175.61. The S&P 500 added 49.45 points, or 0.78%, closing at 6,389.45, while the Nasdaq Composite climbed 207.32 points, or 0.98%, to settle at 21,450.02. Over the week, the S&P 500 posted a 2.4% gain, the Dow rose 1.3%, and the Nasdaq recorded a 3.9% jump.
US President Donald Trump has stated that he will meet Russian President Vladimir Putin in Alaska on August 15. While Trump confirmed Alaska as the venue, Kremlin adviser Yuri Ushakov remarked that hosting the talks in Russia would be a “natural” choice. In addition to this, reports indicate Fed Governor Christopher Waller is a leading contender to head the US central bank, bolstering market bets on a September rate cut.
Gold fell below $3,380 per ounce on Monday as easing geopolitical tensions, after Trump announced talks with Putin, reduced safe-haven demand.
WTI crude oil futures fell 1% to around $63.1 per barrel and Brent crude oil futures fell 1% to around $65.8 per barrel on Monday, hovering at the lowest level in over two months, amid prospects for an end to the war in Ukraine.
Disclaimer: The article is for informational purposes only and not investment advice.
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