Indian markets started the week on a flat note on August 10, 2026, with the Nifty 50 near 24,566. Titan and Tech Mahindra shares saw gains as investors reacted to weak US jobs data that may slow Federal Reserve interest rate hikes. Markets are now focusing on upcoming US inflation reports and rising oil prices.
Indian benchmark indices began the trading week on Monday, August 10, 2026, with a muted performance. The Nifty 50 opened at 24,566.70, while the Sensex stood at 78,466.72. This cautious start reflects the wait-and-watch approach investors are taking as they prepare for key economic reports from the United States later this week.
Global sentiment was influenced by the latest US jobs report, which showed a contraction of 23,000 jobs in July. This figure was well below expectations and has led some to believe the US Federal Reserve might not need to raise interest rates aggressively in the near future. This shift in thinking provided some support to equity markets, even though domestic indices remained range-bound during early trading.
Among individual stocks, Titan Company and Tech Mahindra stood out as top gainers, both seeing positive movement in early trade. This buying interest is supported by a generally optimistic outlook on domestic earnings, as companies report their results for the first quarter. Investors are finding comfort in the resilience of local demand, which remains a key pillar for companies in sectors like consumer goods, technology, and automobiles.
However, market sentiment is facing pressure from rising energy costs. Brent crude oil prices are hovering around $85 per barrel, which can act as a headwind for the economy and corporate profit margins. Additionally, the Reserve Bank of India’s recent upward revision of the FY27 GDP forecast to 6.7% has helped maintain interest in sectors like banking and automobiles, but investors are keeping a close eye on any regulatory signals regarding lending practices.
Looking ahead, the primary focus for the market will be the release of US Consumer Price Index (CPI) and Producer Price Index (PPI) data due on Wednesday and Thursday. These reports are expected to provide clarity on inflation trends, which will likely influence global market direction. Domestically, the continued flow of Foreign Institutional Investor (FII) capital, which has been positive through July and August, remains a vital factor for the market's stability. Investors should monitor how the indices react to the upcoming US data and whether crude oil price stability can be maintained.