NIFTY50, SENSEX today: Wall Street cues, FII activity, key things to know before markets open on August 12

The Indian equity benchmarks are set to open on a flat note on Wednesday, August 12, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Gandhinagar advanced 24 points to 24,564 amid positive cues from Asian markets.

The benchmarks ended lower on Tuesday as investor sentiment took a knock after crude oil prices surged in global markets on growing concerns over reopening of the Strait of Hormuz.

The SENSEX dropped 388 points to close at 78,154 and NIFTY50 index declined 112 points to settle at 24,471.

Asian markets

Most of the Asian markets were trading higher on Wednesday. Japan's Nikkei rose 0.4%, China's Shanghai Composite index gained 0.25%, South Korea's KOSPI surged 4% while Hong Kong's Hang Seng surged 4%.

Crude oil update

Brent crude futures were hovering around $90 per barrel on growing concerns over reopening of the Strait of Hormuz.

US forces disabled a Panama-flagged cargo ship attempting to sail towards an Iranian port by firing two Hellfire missiles at its steering gear after it ignored warnings, the report added.

Wall Street update

US stocks ended lower on Tuesday tracking a surge in crude prices on uncertainty about when the war with Iran will allow crude to flow freely again.

Dow Jones Industrial Average fell 0.34%, S&P 500 index dropped 0.32% and tech heavy Nasdaq declined 0.6%.

FII/DII activity

Foreign institutional investors (FIIs) bought shares worth ₹258.55 crore on Tuesday while domestic institutional investors bought stocks worth ₹24.77 crore, as per NSE data.

Stocks to watch

Revenue from operations increased 4.5% to ₹1,309.8 crore in the quarter under review. This marked the company's highest-ever first-quarter revenue, it said in a statement.

EBITDA grew 10.2% year-on-year to ₹140.1 crore, with the EBITDA margin expanding to 10.7% from 10.1%.

The company had posted a net profit of ₹18.46 crore in the April-June period of the preceding financial year, according to a regulatory filing.

​The maker of the largest-selling single malt whisky Indri and Camikara Rum reported an 18.12% increase in total revenue from operations to ₹270.50 crore in Q1 FY27.

Its net profit stood at ₹135.03 crore in the year-ago period.

Total income declined to ₹2,320.90 crore in the first quarter of this fiscal from ₹2,465.48 crore in the corresponding period of the preceding year, according to a regulatory filing.

The company had posted a profit of ₹132 crore in the corresponding quarter of the previous year.

Total income rose to ₹3,040 crore for the quarter under review from ₹2,265 crore in the April-June quarter of FY26, Manappuram Finance said in a regulatory filing.

The NBFC's interest income rose to ₹2,998 crore compared with ₹2,201 crore in the same quarter of the previous fiscal year.

It had posted a net profit of ₹52 crore in the previous April-June quarter a year ago, Bata India said in a regulatory filing.

Bata's revenue from operations was up 4% to ₹978.95 crore in the June quarter of FY27, helped by premiumisation and volume growth.

During the company's earnings call, Vodafone Idea (Vi) CEO Abhijit Kishore said the company has already raised ₹6,400 crore as the first tranche of funds, including ₹1,183 crore from warrants and debt proceeds, through ECB and Indian private banks.