GIFT Nifty predicts moderate opening, Asian markets rise amid uncertainty over Strait of Hormuz deal

GIFT Nifty signaled a possible negative opening for the Nifty50 index, while most Asian markets showed growth. This signal emerged against the backdrop of diminished hopes for an agreement between the US and Iran.

GIFT Nifty futures traded at 24,617.50 points, which is 43 points lower. The rise in Asian markets was driven by investors analyzing the situation in the Middle East and events that occurred on Wall Street overnight.

In Hong Kong, the Hang Seng index increased by 0.42 percent, and in South Korea, the Kospi index rose by 0.32 percent. Overnight, the Dow Jones Industrial Average and S&P 500 indices closed down by 0.11 percent and 0.06 percent, respectively. The Nasdaq Composite finished trading with a decline of 0.32 percent.

Oil prices rose due to concerns about future supply. U.S. oil reserves fell below 300 million barrels, the lowest level since 1983, occurring amidst signs of a stalemate between the US and Iran. August futures traded at $87.80 per barrel on the Intercontinental Exchange, showing a rise of 0.09 percent.

Gold and silver futures also showed gains: gold rose by 1.51 percent, and silver by 2.02 percent.

First Quarter Results Today

The list of companies reporting their first-quarter results includes Arkade Developers, Ashiana Housing, Ashoka Buildcon, Balrampur Chini Mills, Bata India, Borana Weaves, AvenuesAI, Confidence Petroleum India, DAM Capital Advisors, Delta Corp, EPL, Esab India, Finolex Cables, Flair Writing Industries, Gokaldas Exports, Gujarat Energy, Harsha Engineers International, Hind Rectifiers, IFCI, Innova Captab, Insecticides (India), ISGEC Heavy Engineering, Jash Engineering, JNK India, JSW Dulux, KPI Green Energy, Kalpataru Projects International, Landmark Cars, Lloyds Enterprises, Manappuram Finance, Man Industries (India), MRF, NBCC (India), PI Industries, Polyplex Corporation, Precision Camshafts, Repco Home Finance, RHI Magnesita India, Rail Vikas Nigam, Sandhar Technologies, Som Distilleries & Breweries, Senco Gold, Siemens, SKF India, Skipper, S.P. Apparels, Sunflag Iron & Steel Company, Surya Roshni, TARC, TCPL Packaging, TD Power Systems, Techno Electric & Engineering Company, Unichem Laboratories, Venky's (India), Viyash Scientific, and Zydus Lifesciences.

IPOs Today

The subscription for the Initial Public Offering (IPO) of Milky Mist Dairy Food, valued at 1,553 crore rupees, is scheduled to begin on Tuesday. The second day of subscription will be open for Dhoot Transmission and Molbio Diagnostics, aiming to raise 3,066.89 crore and 939.70 crore rupees, respectively. The final subscription day is set for LEAP India and Technocraft Ventures, whose offerings are valued at 251.88 crore and 2,480 crore rupees. Additionally, Optimystix Entertainment is included in the final subscription day, aiming to raise 108.50 crore rupees from the primary market.

Asian Markets Show Growth

As mentioned, Asian markets were rising as investors assessed the Middle Eastern situation and events that took place on Wall Street overnight. The Hang Seng index in Hong Kong grew by 0.42 percent, and the Kospi in South Korea increased by 0.32 percent.

Regarding US stock futures, they traded mixed due to the low probability of a Strait of Hormuz deal between the US and Iran. S&P 500 futures rose by 0.09 percent, while Dow Jones futures traded 0.07 percent lower.

Summarizing the overnight trading, the Dow Jones Industrial Average and S&P 500 declined by 0.11 percent and 0.06 percent, respectively. The Nasdaq Composite closed with a drop of 0.32 percent.

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