D-St set for a cautious opening as GIFT Nifty signals muted start Getty Images Synopsis The Indian market began the week with strong momentum and expects continued positive sentiment.
Encouraging first-quarter earnings and easing crude oil prices are supporting this upward trend.
Investors will closely watch the Reserve Bank of India's monetary policy meeting for further market direction.
Developments in the US-Iran conflict and ongoing earnings season also remain key focus areas.
Foreign portfolio investors and domestic institutional investors showed net buying activity on Friday.
By Akash Podishetti, ETMarkets.com Last Updated: Aug 04, 2026, 07:07:00 AM IST Follow us Indian market started the week on a strong footing and is expected to maintain a positive bias, supported by encouraging Q1 earnings, easing crude oil prices and improving global risk sentiment.
Investors will monitor the ongoing RBI's monetary policy meeting, developments in the US-Iran conflict, crude oil prices and the ongoing earnings season for further direction.ADVERTISEMENT STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a muted startGIFT Nifty on the NSE IX traded lower by 20.5 points, or 0.08 per cent, at 24,644.50, signaling that Dalal Street was headed for a muted start on Tuesday.
Tech View: The index has rebounded after nearly two months of consolidation, delivering a decent recovery despite the prevailing subdued market sentiment.
However, based on the closing price-adjusted chart, the index has rallied up to its 200-day moving average (200DMA), which is a crucial resistance level.
India VIX: India VIX, which is a measure of the fear in the markets, rose 1.5% to settle at 11.92 levels.
Also Read: Ahead of Market: 10 things that will decide stock market action on Tuesday US stocks gainU.S. stocks started August on a strong footing, with the Dow Jones Industrial Average closing at a record high as easing U.S.-Iran tensions drove oil prices and Treasury yields lower.
Crude oil fell about 5% after U.S.
President Donald Trump said talks with Iran on reopening the Strait of Hormuz were set for Monday, although Tehran denied any such negotiations were scheduled.
The decline in oil prices eased inflation concerns, weighing on Treasury yields even as investors assessed the likelihood of a Federal Reserve rate hike if the Iran conflict drags on.ADVERTISEMENT Asian shares climbAsian shares climbed, following a Wall Street rally driven by gains in technology stocks.
The yen steadied after its intervention-led gains.S&P 500 futures were little changed as of 9:07 a.m.
