Pre-Market Report: Indian Markets Eye Steady to Subdued Start Amid Mixed Asian Cues and LIC OFS — August 4, 2026

Global Market Cues

• Wall Street saw a robust rally on Monday, with the Nasdaq surging 2.3% and the S&P 500 climbing 1.6%, driven by easing geopolitical tensions and falling oil prices.
• European markets ended mostly higher, supported by hopes of U.S.-Iran diplomacy, although the FTSE 100 lagged due to a sharp decline in AstraZeneca.
• Asian markets are trading mixed this morning; while the Hang Seng shows modest gains, the Nikkei 225 and Kospi have retreated due to concerns over AI valuations and currency volatility.
• Brent crude prices have stabilized around $84 per barrel after a sharp correction on Monday, providing relief to oil-importing economies like India.

GIFT Nifty and Domestic Cues

• GIFT Nifty is currently trading around the 24,642 mark, suggesting a steady to slightly negative start for the Nifty 50 compared to its previous close of 24,774.30.
• The domestic market enters its second day of the RBI Monetary Policy Committee (MPC) meeting, with the interest rate decision scheduled for Wednesday, August 5.
• Foreign Institutional Investors (FIIs) have turned net buyers in recent sessions, providing a liquidity cushion as the domestic indices look to extend their four-day winning streak.

Key Stocks in Focus

• Life Insurance Corporation (LIC): The government's Offer for Sale (OFS) of a 6.5% stake opens today for non-retail investors at a floor price of ₹382 per share, representing a 10% discount to Monday's close.
• Kalyan Jewellers: The company is set to announce its Q1 FY27 results today; investors will watch for margin sustainability following a strong preliminary business update.
• NALCO & Persistent Systems: Both companies reported robust Q1 results with significant year-on-year growth in revenue and profits, likely to trigger positive price action.
• IT Stocks: Large-cap IT firms like TCS and Infosys may see renewed interest following the 2.3% surge in the tech-heavy Nasdaq overnight.

Key Events to Watch Today

• Day 2 of the RBI MPC meeting deliberations.
• Subscription status of the LIC OFS for non-retail and institutional investors.
• Corporate earnings from major mid-cap companies including MobiKwik and Muthoot Finance.
• Ongoing diplomatic developments regarding the U.S.-Iran conflict and its impact on global energy prices.

TAGS: Pre-Market, Stock Market, Nifty, Sensex, Market Update

Tags: Pre-Market Stock Market Nifty Sensex Market Update