Nifty, Sensex poised to open higher as US markets bounce back, Asian stocks surge

Headline indices Sensex and Nifty will likely open in the positive zone in today's (August 7) session. At around, 7:20 am, GIFT Nifty futures, an early indicator of the Nifty50 index, were up 121 points or 0.50 per cent at 24,248 ahead of opening on the Dalal Street.

US Market gets strength; real estate, financial are top gainers

Here is how some of the major indices of US market ends:

• Nasdaq up 166 points or 1.03 per cent at 16,366

• Dow Jones up almost 300 points or 0.76 per cent at 38,997

• S&P 500 up 53 points or 1.04 per cent at 5,240

Asian Markets Update

Similarly, Asian markets are also on a positive note, here's a look at the market's major indices:

• MSCI's broadest index of Asia Pacific shares outside Japan is up 7.14 points or 1.40 per cent at 543.45

• Japan's Nikkei 225 index is up 821 points or 2.367 per cent at 35,496

• Hong Kong's Hang Seng up 200 points or 1.20 per cent at 16,846

Furthermore, on August 6, 2024, both domestic indexes end edge lower. Sensex slipped by 166 points or 0.2 per cent at 78,593 and the 50-share index declined 63 points or 0.3 per cent at 23,992 from the previous close.

What should you track today?

Several major stocks will be in the limelight in the session due to the companies' April-June quarter results and corporate actions. Here is a list of stocks that should track such as Bharti Airtel, NTPC, and Cummins India.

Tata Motors: The company will launch its new SUV Tata Curvv

Bata India: The Footwear company reported Q1 results yesterday.

Tata Power: The company reported its April-June quarter performance and will acquire a 40 per cent stake in KHPL.

Corporate Actions: Many companies including Eicher Motors, Bharti Airtel will deliver dividend to their investors.

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Looking for trading/investment ideas? Here's what Zee Business recommends today

The Zee Business research team shares exclusive research on 20 stocks that investors and traders can track on Wednesday, August 7, 2024. Check out the complete list of stocks these stocks

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Stocks to buy for long term: Analysts recommend 17 largecap, 7 midcap, 3 smallcap scrips

Here's a list of these 27 stocks:

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