Stock Market Today, August 10, 2026: Sensex, Nifty Edge Down After Ticking Higher At Open; IT Limits Downside 

Mumbai, August 10: Indian equity benchmarks ticked higher at open before edging lower in morning deals on Monday as investors balanced easing U.S. rate-hike concerns against elevated crude oil prices and geopolitical uncertainty.  

The Nifty 50 was down 0.19%, while the Sensex was down the same. 

The broader market was muted, with the Nifty Midcap 100 gaining 0.06%, while the Nifty Smallcap 100 declined 0.10%. 

IT stocks support market 

Buying in IT stocks helped limit the downside. Infosys and Tech Mahindra rose as Nifty IT index climbed 0.4%. Titan Company moved 2.3% higher after reporting a strong June-quarter performance. 

Oil India was another notable gainer, climbing 2.7% after the state-run oil producer reported more than a threefold increase in quarterly profit, benefiting from higher crude prices and production. The Nifty Oil & Gas index, however, moved down 0.6% as oil climbed. 

Crude oil remains a key headwind 

The market’s ability to sustain gains remained constrained by crude oil prices. Brent crude rose above $84 a barrel as uncertainty continued over the reopening of the Strait of Hormuz. For India, which relies heavily on imported crude, higher oil prices remain a concern as they can increase the import bill, put pressure on the rupee and raise inflationary risks. 

The rise in crude is also creating divergent moves within the energy space. While upstream producers such as Oil India could benefit from stronger crude realisations, higher oil costs could weigh on fuel-intensive sectors and companies dependent on petroleum-linked inputs. 

Asian equities gain 

Asian stocks opened the week on a firmer footing, taking cues from Wall Street’s gains after a weaker-than-expected U.S. jobs report reduced fears of tighter monetary policy in the near term. Japan’s Nikkei emerged as one of the stronger performers, rising around 2%, while South Korea’s Kospi advanced 0.8%. 

The upbeat regional trend provided a positive signal for Indian equities, although the domestic market faced competing cues from higher crude prices and softer global futures. 

U.S. stocks 

Wall Street ended the previous week higher after the latest labour-market data tempered expectations of an immediate shift towards tighter monetary policy.

Attention now turns to July’s U.S. consumer price inflation data, which could influence expectations for the Federal Reserve’s next policy moves. A softer inflation print could reinforce bets on lower rates, while a hotter reading could revive concerns over monetary easing. 

U.S. equity futures were mixed on Monday. Nasdaq futures rose 0.2%, while S&P 500 futures edged up 0.09%. Dow futures, however, slipped 0.09%. 

European futures 

Futures across Europe were in negative territory. EUROSTOXX 50 futures fell 0.08%, DAX futures declined 0.03% and FTSE futures dropped 0.24%. 

The region’s markets are likely to remain particularly sensitive to oil prices and developments in the Middle East. A sustained increase in energy costs could revive inflationary pressures, potentially delaying interest-rate cuts by major central banks. Renewed geopolitical risks could therefore keep European equities volatile even as easing U.S. rate concerns provide some support to global risk sentiment. 

Source

• NSE
• BSE