Gift Nifty Indicates a Steady Opening for India Markets Amid Mixed Global Signals on August 11

The domestic equity market benchmarks, the Sensex and Nifty 50, are likely to start Monday’s session on a flat note, tracking mixed cues from global markets.

Asian markets showed a mixed trend, while US equities ended last week on a strong note, with the Nasdaq hitting an all-time high. US stock futures also traded higher ahead of this week’s inflation data.

Gift Nifty Today

On Monday, Gift Nifty was trading around 24,447, about 6 points above the previous close of Nifty futures, signaling a flat start for domestic equities.

Asian Market Overview

Asian markets traded mixed ahead of the deadline for the US–China tariff truce. MSCI’s broadest index of Asia-Pacific shares outside Japan was marginally higher. Japan’s markets were shut for a holiday, South Korea’s Kospi edged down 0.02%, and the Kosdaq remained flat. Hong Kong’s Hang Seng Index futures pointed to a higher open.

Wall Street Insights

US markets closed higher on Friday, with the Nasdaq securing a record close for the second consecutive day, fueled by gains in technology stocks.

The Dow Jones Industrial Average rose 206.97 points, or 0.47%, to 44,175.61. The S&P 500 climbed 49.45 points, or 0.78%, to 6,389.45, while the Nasdaq Composite jumped 207.32 points, or 0.98%, to 21,450.02. Over the week, the S&P 500 gained 2.4%, the Dow advanced 1.3%, and the Nasdaq surged 3.9%.

Among notable movers, Apple shares gained 4.2%, Nvidia rose 1.09%, Tesla rallied 2.30%, HP advanced 3%, Gilead Sciences jumped 8.3%, and Expedia climbed 4.1%.

Domestic Market Recap

On Friday, the Sensex slipped 765.47 points, or 0.95%, to close at 79,857.79, while the Nifty 50 declined 232.85 points, or 0.95%, to settle at 24,363.30.

Also Read: LIC Q1 FY26 Earnings Results!

Conclusion

Overall, Indian markets may trade cautiously in the near term as investors track global cues and upcoming inflation data. The performance of US tech stocks and record highs on the Nasdaq could offer some positive sentiment.

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