Stock Market News Update (6 Aug 26): Nifty up by 0.07% and Sensex by 0.26%

Indian markets are likely to be volatile today amid negative cues from Asian markets, FII fund outflows, and a rise in crude prices. The previous session ended the day trading in the green after the RBI raised its GDP growth forecast to 6.7% and lowered the inflation projection to 5% for the current financial year.

Global cues

• Asian markets traded lower, and U.S markets traded mixed amid a huge sell-off in AI-related tech stocks after the recent momentum.

Gift Nifty

• On 6th August 2026, the GIFT Nifty traded in the green, indicating a positive start for the day amid positive sentiment post the RBI's monetary policy stance.

Asian Markets

• Asian markets traded lower, as investors closely monitored the developments around a possible Iran-U.S agreement over the Strait of Hormuz and assessed mixed cues from Wall Street.

US & European Markets

• Dow Jones traded higher on signs of progress ​for a peace deal with Iran.
• Nasdaq and the S&P 500 traded lower amid a decline in SpaceX shares by 13.6%, and Advanced Micro Devices dropped by 7% on concerns over massive AI spending.

• The United Kingdom’s FTSE closed trading in the green after strong earnings from Glencore ‌and retailer Next.
• The French index, CAC, traded in the green amid gains in Edenred, up by 2.41%; Publicis, by 2.35%; and Accor, by 1.70%.
• The German index, the DAX, closed trading in the red, dragged by losses in Infineon down by 5.49%, Deutsche Post by 4.05%, and Continental by 3.73%.

Commodities

• Crude oil prices rose amid buying interest after a recent decline.
• Precious metals, such as gold and silver, continued to trade higher amid safe-haven demand due to ongoing geopolitical uncertainties.
• Natural gas traded higher as LNG shipments through the key waterway will continue to face significant disruptions, which will delay summer cargoes from major exporters such as Qatar.

Currency Movements

• The dollar index traded higher on renewed buying interest.
• The rupee declined against the pound and euro on FII selling and a rise in crude oil prices.

Sectors to watch

• Automobile Sector: Audi AG plans to introduce six new models, including electric cars, over the next 18 months in India to revitalise sales in this expanding market with a target of a twofold increase in luxury market share over the next three years by focusing on innovative electric cars to boost sales beginning in 2027.
• Renewable Energy: The Solar Energy Corporation of India (SECI) seeks to identify carbon dioxide suppliers for green urea and renewable fuels of non-biological origin (RFNBO)-compliant green methanol projects to identify potential sources for upcoming green chemical projects that support India's green hydrogen ecosystem and decarbonisation goals.
• Banking Sector: The Reserve Bank of India said it will absorb surplus liquidity from a special forex swap facility, which will occur through higher currency in circulation and maturing forward positions, due to which banking system liquidity is expected to peak in September with an expectation of a surplus of around ₹4-5 lakh crore in the system.
• Telecom Sector: Vodafone Idea's chairman, Kumar Mangalam Birla, sees the need for tariff adjustments for network investments as the company seeks ₹45,000 crore funding for its capital expenditure plan.

Stocks to watch

• Cohance Lifesciences: Cohance Lifesciences received a Form FDA 483 containing five observations following the inspection by US FDA for the company's manufacturing facility in Pashamylaram, Hyderabad, from July 27 to August 5, 2026.
• RMC Switchgears: RMC Switchgears received orders worth ₹344.10 crore with 12 LoAs from Paschim Gujarat Vij Company (PGVCL), worth ₹333.80 crore for turnkey contracts covering site surveys, designing, engineering, procurement, supply, loading, transportation, unloading, insurance, delivery to the site, handling, storage, installation, testing, commissioning, and documentation of all items and materials required to complete the works.
• Navin Fluorine International: NAVINFLUOR reported a consolidated net profit of ₹243.3 crore for Q1 FY2027, compared with ₹117.2 crore in the corresponding period last year, marking a significant improvement in earnings.
• PB FinTech: PB FinTech reported a 92.4% YoY growth in consolidated net profit for the quarter ended June 2026, driven by sustained growth across its insurance and credit businesses.
• Neuland Laboratories: Neuland Laboratories reported a net profit of ₹148 crore for the Q1 FY2027, compared with ₹14 crore in the corresponding period last year.

FII and DII Inflows - 5th August 2026

(The above numbers are in ₹ Cr.)

• On 5th August, net fund inflows were at ₹1,939.75 crore, with domestic institutional investors (DIIs) as net buyers, strongly supporting markets, and foreign institutional investors (FIIs) as net sellers, booking profits.

Global Events & Updates

• On August 6, the United States will release jobless claims data for July 2026 and monthly wholesale inventories data for June 2026.
• Canada will release S&P Global Services and Composite PMI data for July 2026 today.
• Italy, France, Germany, the United Kingdom, and the Eurozone will be releasing S&P Global Construction PMI final data for July 2026 today.

Things to look out for

• The Eurozone’s S&P Global Composite PMI revised higher to 52 in July 2026 from a preliminary estimate of 51.9 and 50 in June; rose for the first time since March; and signalled the strongest increase in business activity in eight months driven by renewed growth in the services sector accompanied by a sustained and faster expansion in manufacturing output. 
• The United Kingdom’s new car registrations rose 11.7% YoY to 156,571 units in July 2026, the strongest July since 2019, according to the Society of Motor Manufacturers and Traders (SMMT), marking an eighth consecutive month of growth, extending the market's recovery toward pre-pandemic levels driven by an increase in demand across all buyer segments, with private registrations up 12.6%, fleet sales rising 9.5% to account for 59.9% of the market, and the lower-volume business registrations rising by 61.3%.