Crude oil prices edged higher in the early hours of August 12.
The announcement of financial results for Q1FY26 is also expected to impact the market on August 12.
The stock market is also expected to factor in any new developments related to India-US trade tensions.
Market Cues: Trump’s Tariff Statement, Crude Oil Prices, Gold Rate Today, And Other Factors Likely To Affect D-Street
Earlier on August 11, the Sensex finished at 80,604.08 up by 746.29 points or 0.93 per cent. The Nifty finished the session at 24,585.05, up by 221.75 points or 0.91 per cent. Here’s a look at some of the cues expected to impact the market today
Summary
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The benchmark Nifty is likely to open flat with a negative bias amid mixed global cues. On August 12 the Gifty Nifty opened marginally lower, the index traded around the 24,624.5 mark up by 72.5 points or 0.3 per cent. Several cues are expected to impact trade on D-street on August 12 such as changes in commodity prices, currency fluctuations and announcement of June quarter results.
Earlier on August 11, the Sensex finished at 80,604.08 up by 746.29 points or 0.93 per cent. The Nifty finished the session at 24,585.05, up by 221.75 points or 0.91 per cent.
Trump’s Statement On Tariffs
US President Donald Trump said that the additional tariffs which are intended to be imposed on India’s purchase of Russian oil have dealt a “big blow” to Russia’s economy. He emphasised that India is one of Russia’s “largest or second-largest oil buyers”. On the other hand the US has extended its tariff pause on China by another 90 days.
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Crude Oil Prices On August 12
Crude oil prices edged higher on August 12, the price of West Texas Intermediate Crude inched higher by $0.14 or 0.22 per cent to $64.1. On the other hand the price of Brent Crude inched higher by $0.14 or 0.21 per cent to $66.77.
Gold Rate Today
Prices of the yellow metal fell slightly on August 12. The price of one gram of 24 karat gold remained around Rs 10,242 per gram while the price of one gram of 22 karat gold remained around Rs 9,389. The price of 18 karat gold was around Rs 7,682 per gram on August 11.
Q1 Results On August 12
Several companies are set to announce their financial results for the June quarter of FY26, these include FSN E-Commerce Ventures Nykaa, Honasa Consumer, Alkem Laboratories, Jindal Steel & Power, Abbott India, Dr Agarwals Health Care, Oil and Natural Gas Corporation, Hindalco Industries, , Dr Agarwals Eye Hospital, EMS, Hindustan Aeronautics, Jyothy Labs, Karnataka Bank, Natco Pharma, Nazara Technologies, NHPC, NMDC, Oil India, Rashtriya Chemicals and Fertilizers, Rail Vikas Nigam, Senco Gold, Suzlon Energy, VA Tech Wabag Apollo Hospitals Enterprise, Bharat Dynamics, National Securities Depository (NSDL) and Zydus Lifesciences. Notably as many as 584 companies will be announcing their Q1 results on August 12. The announcement of these results is also expected to affect D-street today.
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Asian Indices Trade Mixed On August 12
Most Asian Indices traded higher in the early hours of August 12. However the Hang Seng declined by 57.81 points or 0.23 per cent to 24,849 levels. Other indices such as the Nikkei 225, Shanghai Composite and the KOSPI traded higher by as much as 2.63 per cent.
US Market Indices Finish Lower
Wall Street indices finished the session lower on August 11 with the S&P 500, Nasdaq Composite and Dow Jones Industrial Average closing lower by as much as 0.45 per cent.
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