Gift Nifty indicates a flat positive start for the Indian market; US Market ended lower; Asian stocks opened higher

PRE MARKET

Gift Nifty indicates a flat to positive start for the broader index in India, with a gain of 24.5 points or 0.10 percent. The Nifty futures were trading around the 24,599.50 level.

Wall Street’s main indexes ended lower on Monday as investors anxiously await inflation data this week to assess the outlook for interest rates and eye U.S.-China trade developments.

The Dow Jones Industrial Average closed 200.52 points, or 0.45%, lower to 43,975.09, the S&P 500 lost 16.00 points, or 0.25%, to 6,373.45, and the Nasdaq Composite lost 64.62 points, or 0.3%, to 21,385.40.

Asian stocks opened higher after a US-China tariff truce offered relief to markets ahead of a key US inflation report expected to shape the Federal Reserve’s interest-rate path.

Japan’s Nikkei and the Taiwanese weighted index went up 2.36 and 0.23 percent, respectively, while Hong Kong’s Hang Seng went down 0.25 percent.

STOCKS TODAY

Pfizer

The drugmaker has launched its next-generation 20-valent pneumococcal conjugate vaccine (PCV20) in India for adult immunisation against 20 serotypes responsible for most invasive and non-invasive pneumococcal diseases.

Hindalco

Shares of metal major Hindalco Ltd will be in focus on Tuesday, August 12, after its U.S.-based subsidiary Novelis reported its earnings for the quarter ended June 30, 2025. Novelis posted a net income of $96 million, down 36 percent year-on-year for the first quarter of fiscal year 2026.

Bata India

Shares of Bata India are likely to remain in the spotlight on August 12 after the footwear maker posted a lacklustre performance for the June quarter (Q1FY26). So far in 2025, the stock has slipped 15 percent, sharply underperforming the benchmark Nifty 50’s 2 percent gain in the same period.

INOX Green

The Inox Green Energy share price will remain in focus on August 12 after the company agreed with one of the largest and most diversified Indian conglomerates for the comprehensive operation and maintenance (O&M) of 182 MW of operational wind projects housed under its renewable energy arm.

Indian Hotels

The company will acquire controlling stakes in ANK Hotels and Pride Hospitality for up to Rs 204 crore.

Source – Moneycontrol