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NIFTY50, SENSEX today: Wall Street cues, FII activity, key things to know before markets open on August 4

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NIFTY50, SENSEX today: Wall Street cues, FII activity, key things to know before markets open on August 4
✦AI Summary

Indian equity markets are expected to open flat following a strong performance in the previous session. Investors are monitoring global cues, including crude oil price fluctuations and geopolitical tensions in West Asia.

Why it matters

Market performance in India is highly sensitive to foreign institutional investment and global geopolitical stability, impacting investor confidence.

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Foreign institutional investors (FIIs) bought shares worth ₹922 crore on Monday while domestic institutional investors bought stocks worth ₹1,517 crore, as per NSE data. The Indian equity benchmarks are set to open on a flat note on Tuesday, August 4, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Gandhinagar fell 6 points to 24,646 amid subdued cues from Asian markets.

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The Indian equity benchmarks rose for a fourth straight session on Monday and closed at their highest levels in five months as investor sentiment got a boost from drop in crude prices as geopolitical tensions eased in West Asia.

The SENSEX ended 0.7% or 544 points higher at 78,639 and NIFTY50 index advanced 1.6% or 391 points to close at 24,774.

Monday's trading session was the first in which markets closed under the Closing Auction Session (CAS) mechanism.

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