NIFTY50, SENSEX today: Wall Street cues, FII activity, key things to know before markets open on August 10

The Indian equity benchmarks are set to open on a flat note on Monday, August 10, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Gandhinagar advanced 5 points to 24,660 amid positive cues from Asian markets.

The benchmarks snapped their two-day winning run on Friday as sentiment turned cautious tracking a spike in crude prices in global markets.

The SENSEX ended 456 points lower at 78,499.17 and NIFTY50 index declined 65 points to close at 24,570.65.

Asian markets

Asian markets were trading higher on Monday after a softer US jobs data report dashed hopes of interest rate hike by the US Federal Reserve going ahead.

Japan's Nikkei rose 2%, Hong Kong's Hang Seng advanced 0.7%, China's Shanghai Composite gained 0.4% and South Korea's KOSPI climbed 0.4%.

Crude oil update

Wall Street update

US stocks ended higher on Friday as weak US jobs data dashed hopes of interest rate hike by the US Federal Reserve going ahead.

The US government reported that employers unexpectedly cut 23,000 jobs last month.

S&P 500 index rose 0.62%, Dow Jones Industrial Average gained 0.3% and tech heavy Nasdaq surged 1.3%.

FII/DII activity

Foreign institutional investors (FIIs) bought shares worth ₹480 crore on Friday while domestic institutional investors bought stocks worth ₹235.56 crore, as per NSE data.

FIIs have so far this month bought shares worth ₹12,921 crore, data from National Securities Depository Limited (NSDL) showed.

Stocks to watch

The country's largest watch and jewellery retailer's revenue from operations increased 29% year-on-year (YoY) to ₹21,356 crore in the April-June period from ₹16,523 crore in the year-ago period.

For Q1 FY27, the consolidated total income came in at ₹20,753 crores, rising 40%, marking a strong start to the fiscal year and sustaining the growth momentum carried over from an exceptional FY26, the company said.

The company reported strong operational performance as its earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 58% annually to ₹2,890 crore as against ₹1,830 crore in Q1 FY26.

The joint venture proposal of Dixon and Vivo was cleared by the government in the second week of July. The two companies signed a term sheet on December 15, 2024, to form the joint venture.

Buying a home is only the beginning of a customer's financial journey, and in initial days, families often manage interiors, education, savings and everyday expenses, alongside the monthly EMI, Kotak Mahindra Bank said in a statement on Sunday.

"The first stage of our wealth management strategy is to ensure that the bank has Customer Relationship Managers (CRMs) in place. Six months ago, we deployed around 1,700 CRMs across 1,700 branches. Their primary KRA (key responsibility area) is to manage and take care of approximately 250 to 300 top customers in each branch," he told PTI in an interview.

Signature Global is developing a 13.55-acre housing project 'Sarvam at DXP Estate' at Sector 37D, Dwarka Expressway, Gurugram.

Both KEC International Ltd and NCC have been awarded ₹460 crore contracts each, Signature Global said in a statement on Sunday.

"It is taking a bit of time, but...we are progressing in that direction," he said, replying to a question related to land acquisition for the said project.

There will be clarity, maybe in another one or two quarters, and then the company comes out with its plans, Khulbe said.

The company is scouting for several land options in the state, he added.