News

Pre-market update: Indian equity benchmarks are likely to open lower on Wednesday, tracking weak global cues and growing geopolitical tensions. At 7:38 AM, GIFT Nifty futures were quoting 17 points lower at 24,690, indicating a soft start for domestic equities.

Sentiment remains fragile after former US President Donald Trump threatened to sharply raise tariffs on India within the next 24 hours, citing its continued import of Russian oil. He also labelled India “not a good trading partner,” adding to investor jitters.

Back home, all eyes will be on the Reserve Bank of India’s monetary policy decision today. While the central bank is widely expected to maintain status quo on interest rates, markets will closely track commentary around inflation and global trade risks.

Global Cues:

Asian markets were mixed this morning following a weak session on Wall Street. Investors are digesting soft US economic data and renewed trade tensions.

Japan’s Nikkei 225 eased 0.12 per cent

South Korea’s Kospi slipped 0.64 per cent

Australia’s ASX 200 rose 0.61 per cent to a fresh record

Overnight, US equities ended in the red:

Nasdaq fell 0.65 per cent

S&P 500 declined 0.49 per cent

Dow Jones dipped 0.14 per cent

Caterpillar’s warning of a $1.5 billion tariff impact and Trump’s fresh threats of chip tariffs also weighed on sentiment.

Q1 Earnings Today:

Markets will react to quarterly numbers from Bajaj Auto, Hero MotoCorp, Divi’s Lab, Bharat Forge, PVR Inox, and others. Over 40 companies are scheduled to report today, including Pidilite, Godrej Agrovet, Fortis Healthcare, UNO Minda, and VIP Industries.

FII-DII Flow:

FIIs net sold Rs 2,383.44 crore

DIIs net bought Rs 2,788.87 crore on August 5

IPO Watch:

Three mainboard IPOs — NSDL, M&B Engineering, and Sri Lotus Developers — debut today. Meanwhile, Highway Infrastructure continues its subscription. In the SME space, six IPOs close for subscription, including BLT Logistics and Essex Marine, while Flysbs Aviation will see share allotment.

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