Gift Nifty, US-Iran war, oil prices to Q1 results: 8 key things that changed for Indian stock market over weekend
Gift Nifty was trading around 24,293 level, a discount of nearly 29 points from the Nifty futures’ previous close, indicating a weak start for the Indian stock market indices.
The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open lower on Monday, following weak cues from global markets, as the escalating US-Iran war and Brent crude oil prices surging above $90 a barrel weigh on investor sentiment.
Asian markets traded lower, while the US stock market dipped last week, amid selloff in semiconductor stocks.
On Friday, the Indian stock market ended with stellar gains, lifted by a rally in index heavyweights ahead of Q1 results.
The Sensex jumped 964.58 points, or 1.25%, to close at 78,151.45, while the Nifty 50 settled 261.55 points, or 1.09%, higher at 24,334.30.
“While the broader trend has turned constructive again, we continue to advocate a stock-specific approach with a ‘buy-on-dips” strategy, focusing on sectors and themes that are demonstrating strength on a rotational basis,” said Ajit Mishra – SVP, Research, Religare Broking Ltd.
Here are key global market cues for Sensex today:
Asian Markets
Asian markets traded mixed on Monday, amid concerns over escalating US-Iran war in the Middle East. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.3%. South Korea’s Kospi declined 1.43%, while the Kosdaq slipped 3.77%. Hong Kong Hang Seng index futures indicated a higher opening. Japanese markets are closed for a holiday.
Gift Nifty Today
Gift Nifty was trading around 24,293 level, a discount of nearly 29 points from the Nifty futures’ previous close, indicating a weak start for the Indian stock market indices.
Wall Street
US stock market ended lower on Friday, with all three major indices also posting weekly losses, as the selloff in semiconductor stocks broadened.
The Dow Jones Industrial Average fell 406.55 points, or 0.77%, to 52,146.42, and the S&P 500 declined 76.08 points, or 1.01%, to 7,457.69. The Nasdaq Composite closed 361.70 points, or 1.40%, lower at 25,520.24.
Nvidia stock price dropped 2.21%, Microsoft shares fell 1.82%, Meta share price declined 2.79%, Alphabet shares shed 2.17%, Tesla stock price slipped 2.61%, and SpaceX shares tanked 5.43%.
US-Iran War
The US began a new round of airstrikes targeting Iran on Monday after announcing the death of another American service member, and Iran fired missiles toward Jordan that risked widening the conflict into neighboring Israel, PTI reported. Meanwhile, Bahrain's interior ministry said that air raid sirens were sounded in the country.
Reliance Q1 Results
Reliance Industries reported Q1FY27 revenue from operations of ₹3,11,850 crore, up 4.4% QoQ, while net profit rose 23.4% QoQ to ₹20,946 crore. RIL’s Q1 EBITDA in June quarter grew by 10% YoY to ₹54,067 crore. All business segments reported double-digit growth.
Banks Q1 Results
Major private and public sector banks announced their Q1 results during the weekend. HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, Yes Bank, Punjab National Bank (PNB), IDBI Bank, RBL Bank and Punjab & Sind Bank declared their June quarter earnings.
Crude Oil Prices
Crude oil prices rose to the highest level in more than a month after US and Iranian attacks escalated over the weekend. Brent crude futures rose 2.71% to $90.49 a barrel, extending gains after rising 15.9% last week. US West Texas Intermediate crude was at $84.42 a barrel, up 2.34%.
Gold Rate Today
Gold prices fell on heightening inflation concerns and as several US Federal Reserve policymakers signalled that interest rate hikes may be needed to curb price pressures. Spot gold price fell 0.4% to $4,000.55 per ounce. US gold futures for August delivery eased 0.3% to $4,005.9. Spot silver prices gained 0.9% to $56.42 per ounce.
(With inputs from Agencies)
About the Author
Ankit Gohel is the Deputy Chief Content Producer at Livemint, specialising in financial markets, macroeconomics, and regulatory developments. With a strong focus on equity markets, primary issuances, and policy-driven market movements, he brings clarity to complex financial developments for investors and market participants. <br><br> With nine years of experience in business and financial journalism, Ankit’s approach is rooted in the belief that market reporting should go beyond headlines — connecting data, policy, and ground realities to deliver actionable insights. His work consistently bridges the gap between institutional analysis and investor understanding. <br><br> Ankit has spent three years at Livemint, where he currently helps drive market coverage, editorial strategy, and high-impact financial stories. Prior to this, he worked with leading business news networks such as CNBC-TV18, ET Now, TickerPlant News Service where he built deep expertise in stock market analysis, macroeconomic trends, primary markets, and coverage of key regulators including the RBI and SEBI. <br><br> Over the years, he has covered market cycles across bull and bear phases, IPO booms, liquidity shocks, and major policy shifts that reshaped investor sentiment. He has interviewed fund managers, corporate leaders, and policymakers, translating their perspectives into sharp, data-backed narratives. Ankit combines speed with accuracy — ensuring timely, credible, and insight-driven financial journalism that empowers both retail and institutional audiences.
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