GIFT Nifty

The GIFT Nifty, an early indicator for the benchmark Nifty 50, was up 0.07% at 23,973 as of 6:33 a.m. Global cues remained mixed, with US S&P 500 futures declining 0.10%, while European Euro Stoxx 50 futures rose 0.24%.

India Market Recap

Domestic equity benchmarks Sensex and Nifty 50 ended lower on Monday, snapping their recent momentum after registering the longest weekly winning streak of 2026. Market sentiment turned cautious amid fresh geopolitical tensions involving the US, Israel and Iran, along with concerns over a weak monsoon. The correction also reflected profit booking after a sharp three-week rally, with analysts noting that the benefits of easing crude oil prices and measures supporting the rupee had already been largely priced in by the market. Weak global cues, particularly the technology-led selloff in US markets, also weighed on sentiment. On the technical front, Nifty support is placed in the 23,700–23,800 range, while resistance is seen between 24,150 and 24,250.

US Market Recap

Wall Street rebounded on Monday after a volatile week as technology stocks recovered and optimism improved following an agreement between the US and Iran to pause hostilities and allow the movement of vessels through the Strait of Hormuz. The S&P 500 opened 0.55% higher at 7,394.38, while the technology-heavy Nasdaq Composite gained 0.8% to open at 25,484.94. The Dow Jones Industrial Average also advanced 0.35% to 52,056.30. Technology stocks led the recovery, with Nvidia rising more than 1% and ending its five-session losing streak. However, Micron Technology extended its decline, falling more than 4%.

Asian Market Update:

Asian markets traded mostly higher on Tuesday, tracking gains on Wall Street. Japan's Nikkei 225 rose more than 1.4%, while the broader Topix index advanced 0.88%. South Korea's Kospi gained 1.17%, supported by strength in large-cap stocks, although the small-cap Kosdaq index declined 0.88%. Investor sentiment improved as easing geopolitical concerns boosted risk appetite across the region.

Commodity Check

Crude oil prices remained firm on Tuesday as investors closely monitored upcoming US-Iran negotiations in Doha. Brent crude for September delivery traded above $73 per barrel after rising 1.8% in the previous session, while US benchmark West Texas Intermediate (WTI) hovered near $70 per barrel. Market participants remained cautious after Iran indicated that it seeks a greater role in overseeing shipping through the Strait of Hormuz, highlighting continued differences ahead of negotiations. Despite ongoing diplomatic efforts, uncertainty surrounding one of the world's most important energy corridors continued to support oil prices.

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