Nifty Set For Positive Start As Global Markets Rally On Earnings

Indian equities are poised for a positive opening on Wednesday, August 5, 2026, as domestic indices track a robust rally across Wall Street and Asian markets. The S&P 500, Dow Jones, and Nasdaq Composite all hit record highs overnight, fueled by strong earnings from major AI-related firms. This global optimism has provided a significant tailwind for Indian markets, which have seen four consecutive sessions of gains.

Easing geopolitical tensions in the Middle East have led to a decline in crude oil prices, with WTI crude falling to approximately $75.52 USD/Bbl and Brent crude dipping to approximately $79.08 USD/Bbl. This cooling in energy costs is particularly beneficial for the Indian economy, reducing inflationary pressures on oil marketing companies. Meanwhile, Asian markets have shown strong performance, with Japan's Nikkei 225 surging over 2,200 points and South Korea's Kospi Index climbing over 4.51%.

Investors are now shifting their attention to the domestic policy landscape as the Reserve Bank of India's Monetary Policy Committee concludes its meeting today. While global cues favor a strong start, the market's trajectory will be heavily influenced by the RBI's repo rate decision and the central bank's forward-looking policy stance. The banking and financial services sector is expected to dominate the session as traders react to the policy announcement at 10:00 a.m.