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Pre-market update: Indian stock markets are likely to open on a flat on Thursday, as traders find mixed global cues and prepare for for a packed earnings session. GIFT Nifty futures were last seen trading around 12 points lower at 24,700, hinting at a subdued opening for benchmark indices.
This will be the last trading day of the week, as markets will remain closed on Friday, August 15, for Independence Day.
Domestic Data Watch
On the economic front, investors will be eyeing the Wholesale Price Index (WPI) data for July. The inflation print will offer insights into price pressures at the wholesale level, and could influence expectations around monetary policy going forward.
Wall Street and Global Markets
Overnight, US markets ended in positive territory. The Dow Jones led the charge with a 1.4% gain, while the S&P 500 and Nasdaq also edged up, buoyed by optimism that the US Fed may begin easing rates as early as next month.
In Asia, early trades were mixed. Japan’s Nikkei was in the red, while China’s CSI 300 and Australia’s ASX 200 showed modest gains.
Stocks and Sectors to Watch
Investors can expect stock-specific action today, with several major companies set to announce Q1 FY26 results. Key names on the radar include:
Indian Oil Corporation
Ashok Leyland
Glenmark Pharma
Vodafone Idea
Inox Wind
Patanjali Foods
Swan Energy
IRB Infra Developers
Apollo Hospitals, United Spirits, and Vishal Mega Mart, which declared results recently, may also stay in focus.
IPO Activity
IPO action is heating up. Shares of JSW Cement and All Time Plastics are set to debut on stock exchanges today. Regaal Resources' IPO closes for subscription, and the BlueStone Jewellery IPO allotment is expected to be finalized.
In the SME segment, allotments for Icodex Publishing will be finalized today, while Mahendra Realtors enters its last subscription day. Shares of Connplex Cinemas and Sawaliya Foods Products will list on NSE SME.
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