Indian equity benchmarks opened Monday’s session in the green but flat. The Sensex began trading at 79,885.40, up 0.03%, while the Nifty opened at 24,371.50, also up by 0.03%.
Nifty Bank started the day at 54,998.60, down 0.03%.
Last week, the Nifty suffered its sixth straight weekly loss as global trade tensions and muted Q1 earnings kept investors on edge.
Prashanth Tapse, Senior VP (Research) at Mehta Equities, noted “Nifty extended its losing streak to a sixth straight week, with fear and caution dominating sentiment after India faced the brunt of Trump’s trade war amid a lacklustre Q1 earnings season. Today, the index may find respite on positive cues from Wall Street, supported by renewed hopes of a September Fed rate cut and FIIs turning net buyers (Rs 1,933 crore) on Friday. This week’s focus will be on US and India inflation data, US retail sales, trade war developments, and the final leg of Q1 results, with key corporates like BATA, HINDALCO, and MARUTI in the spotlight.”
Let’s take a look at key factors to watch today-
Top gainers
The top gainers at this hour in the Sensex pack include Kotak Bank, ITC, TCS, NTPC, Trent among other stocks.
Key losers at this hour
On the flip side, the laggards at this hour include Asian Paints, ICICI Bank, HDL Tech, Infosys, PowerGrid.
Results watchlist
Today, August 11, is a packed earnings day with over 260 companies set to unveil their Q1 numbers. Key names on the calendar include Astral, SJVN, BEML, Bata India, and JM Financial.
Asia opens mixed
Asian markets kicked off the week on a mixed note. Japan’s Nikkei 225 gained 1.85%, South Korea’s Kospi and Kosdaq remained flat, while Australia’s S&P/ASX 200 edged up 0.43%.
Global events to drive market sentiment
“Truce, Tariffs and Truncated week are the drivers this week. Expect a Truce announcement this weekend as Trump meets Putin at Alaska . Tariffs are at front and centre as China’s deadline looms tonight, expect a further extension. Independence Day on Friday for India will see a 4 day market and 3 days long weekend, with Ukraine Russia truce possible during the long weekend . Expect volatile markets with no positive catalyst for Indian markets for now . The government has not announced any relief measures for exporters hit with Trump Tariffs . That could be a trigger for improving sentiments . For now we are looking at shallow moves with potential for a recovery by the weekend,” said market veteran Ajay Bagga.