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

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

The GIFT Nifty indicator signaled a moderate opening for the benchmark Nifty50 index, while markets in the Asia-Pacific region showed mixed dynamics. Brent crude oil prices approached the $84 mark.

According to updates from Tuesday, August 4, 2026, GIFT Nifty futures traded slightly lower at 24,637 points, which is 14 points less. Domestic investors may refrain from active trading while awaiting the results of the Reserve Bank of India's policy meeting.

Asia-Pacific markets presented an ambiguous picture as traders assessed the tension between the US and Iran. Japan's Nikkei 225 and South Korea's Kospi fell by 0.82% and 0.15%, respectively. Meanwhile, Australia's S&P ASX rose by 1.14%.

In Forex markets overnight, the Dow Jones and S&P 500 indices rose by 1.32% and 1.48%, respectively, while the Nasdaq Composite closed with a gain of 2.13%.

Oil prices stabilized on Tuesday morning after US President Donald Trump stated that current negotiations represent the last chance for Iran to reach a favorable agreement to end the war. August futures traded at $84.45 per barrel, up 0.81%. Gold and silver futures rose by 0.56% and 1.83%, respectively.

Market Overview Before Nifty50 Open

The Nifty index closed above the consolidation range, which lasted for the past four months, thanks to the latest movement; however, this should not be considered a final close. For further growth towards 24,800 and above in the short term, the key factor will be maintaining the level and decisively closing above the 24,600 mark. Conversely, a fall below 24,400 will confirm further consolidation in domestic markets.

GIFT Nifty Dynamics

GIFT Nifty traded at 24,644 points, remaining unchanged.

Most Asian Markets Decline

Most markets in the Asia-Pacific region traded lower as traders analyzed the escalation of the situation between the US and Iran. Japan's Nikkei 225 and South Korea's Kospi fell by 0.82% and 0.15%, respectively. Meanwhile, Australia's S&P ASX showed a rise of 1.14%.

Trump States New Negotiations Are Iran's Last Chance to Strike a Deal

Following a positive session on Wall Street, US stock futures traded higher on Tuesday morning. Investors are closely monitoring the tension between the US and Iran. Dow Jones and S&P futures traded 0.28% and 0.18% higher, respectively. Overnight, the Dow Jones Industrial Average and S&P 500 rose by 1.32% and 1.48%, respectively, while the Nasdaq Composite closed with an increase of 2.13%.