GIFT Nifty predicts negative opening, Asian markets decline amid US-Iran tensions

Activity was observed in the stock markets: the Sensex index increased by 100 points, and Nifty approached the 24,600 mark. In broader market segments, Nifty MidCap fell by 0.22 percent, while Nifty SmallCap showed growth of 0.15 percent.

According to data from August 6, 2026, the Nifty50 and Sensex indices rose, driven by improved investor sentiment amid signs of a possible deal between the US and Iran. By 9:18 AM, Nifty50 reached 24,638.85, showing an increase of 14.20 points or 0.06 percent, and Sensex rose by 128.65 points or 0.16 percent, reaching 78,709.65. Among the leaders of growth in the Nifty50 index were Jio Financial Services, Reliance Industries, and Eternal.

Regarding sectoral dynamics, the Nifty IT and Nifty Pharma sectors performed the best, while the largest decline was recorded in the Nifty Realty and Nifty Auto sectors.

First Quarter Results

The list of companies that reported first-quarter results includes Aegis Logistics, The Anup Engineering, Apollo Tyres, Bajaj Electricals, Blue Star, Bosch Home Comfort India, Britannia Industries, Campus Activewear, Chemplast Sanmar, Crompton Greaves Consumer Electricals, Edelweiss Financial Services, EIH, Emcure Pharmaceuticals, Finolex Industries, Fortis Healthcare, Firstsource Solutions, Goodluck India, Garware Hi-Tech Films, Hindustan Construction Company (HCC), HealthCare Global Enterprises, Hero MotoCorp, Hikal, IFB Industries, Igarashi Motors India, India Shelter Finance Corporation, Indraprastha Medical Corporation, Interarch Building Solutions, Le Travenues Technology, J. Kumar Infraprojects, JSW Holdings, Kirloskar Oil Engines, Kewal Kiran Clothing, Life Insurance Corporation of India (LIC), Lupin, Samvardhana Motherson International, Muthoot Microfin, NCC, Parag Milk Foods, PG Electroplast, Procter & Gamble Health, Premier Energies, Rain Industries, RateGain Travel Technologies, Sai Life Sciences, Shivalik Bimetal Controls, Shipping Corporation of India (SCI), Signatureglobal (India), S.J.S. Enterprises, Sonata Software, Sula Vineyards, Suprajit Engineering, Suven Life Sciences, TCI Express, Transrail Lighting, Trent, Varroc Engineering, Vijaya Diagnostic Centre.

Initial Public Offering (IPO)

On Thursday, the subscription for the Initial Public Offering (IPO) of LAPL Automotive will open, which is a book-built issue worth 32.40 crore rupees. Ardee Industries will begin its second day of subscription, aiming to raise 425.87 crore rupees. Also on Thursday, the final day of subscription for the Aegeus Technologies IPO, which is a book-built issue worth 23.71 crore rupees, will commence.

IPO Listing

At 6:56 AM, it was noted that Nifty Auto and Realty both declined by 0.5%. At the sectoral level, Nifty Auto and Nifty Realty fell by more than 0.5 percent.

Sensex Growth and Decline Leaders

At the opening of trading, Titan, Reliance Industries, and Eternal became the growth leaders among Sensex stocks. On the other hand, Power Grid and M&M were the sales leaders.

Nifty Trades at Plateau Above 24,600

Donald Trump has once again introduced a tariff bomb, as the U.S. Trade Representative (USTR) imposed a 10% duty on goods imported from 17 countries following an investigation under Section 301. These new tariffs came into effect on July 24th.

Reaction of Asian Markets

Following the announcement of the tariffs, Asian markets began trading with sharp declines. Both the Japanese Nikkei index and the Korean Kospi index showed collapsing trends. Meanwhile, signs of a serious downturn were also observed in the Indian stock market, with the Gift Nifty, a key indicator for Sensex and Nifty, trading down by about 200 points.

Decline of Japanese and South Korean Indices

The news of Donald Trump's 10% tariffs had a direct impact on global stock markets. On Friday, as trading began on Asian exchanges, indices in many countries fell sharply. The Japanese Nikkei index dropped by more than 2000 points, reaching 64,334, while the Korean Kospi index declined by approximately 6%, trading at 6665.

Furthermore, other markets were also affected: the Hong Kong Hang Seng index fell by about 2%, reaching 24,825. Declines were also observed in the DAX, CAC, and the British FTSE-100 market, where trading was in negative territory.

Situation in the Indian Stock Market

Amidst the chaos in Asian stock markets, the Indian stock market, which is experiencing a fourth consecutive day of decline, is also showing signs of significant reduction. The Gift Nifty, considered the main indicator for Sensex and Nifty, traded down by about 200 points.

It should be noted that the Indian stock market closed in the red again on the previous business day. Both indices, Sensex and Nifty, were in negative territory. The Sensex index, comprising 30 stocks from the Bombay Stock Exchange, fell by 363 points, closing at 76,391.39, while the Nifty of the National Stock Exchange decreased by 127 points, closing at 23,869.60.