Indian markets head into Friday, August 7 on a cautiously optimistic note, carrying forward Thursday’s gains even as overnight Wall Street cues turned choppy on a spike in crude oil. Here’s everything you need to know about markets this morning.
📈 Indian Stock Market Today
The Sensex closed Thursday’s session up 374 points (0.48%) at 78,955, while the Nifty 50 settled marginally higher at 24,628.80, holding above the psychologically important 24,600 mark. The move was supported by the RBI’s upgraded FY27 GDP growth forecast of 6.7% (from 6.6%) alongside a lower CPI inflation projection of 5.0%, along with hopes of a diplomatic breakthrough easing Middle East tensions. On the institutional flows front, FIIs sold shares worth ₹3,531.24 crore on August 6, while DIIs stepped in as net buyers to the tune of ₹3,357.45 crore, continuing to cushion the market against foreign outflows. Technocraft Ventures’ ₹252-crore IPO opens for subscription today with a price band of ₹200–212 and a grey market premium of around ₹13, hinting at a possible ~6% listing gain.
₿ Crypto Market Update
Bitcoin is trading around $64,346 (down about 0.28% in the last 24 hours), which works out to roughly ₹61.1 lakh at current USD/INR levels. Ethereum is changing hands near $1,903 (down 0.10%), or approximately ₹1,80,285. Crypto prices have stayed firm even as talks over a proposed Strait of Hormuz shipping route between Iran and Oman continue, with traders watching for any spillover from rising oil prices and Friday’s US jobs report into risk assets.
💰 Today’s Key Rates at a Glance
| Asset | Price | Change |
|---|---|---|
| Nifty 50 | 24,628.80 | +0.02% |
| Sensex | 78,955 | +0.48% |
| Bitcoin (BTC) | ₹61.1L / $64,346 | -0.28% (24hr) |
| Ethereum (ETH) | ₹1,80,285 / $1,903 | -0.10% (24hr) |
| Gold (24K, 10g) | ₹1,49,860 | Delhi rate |
| Silver (10g) | ₹2,399 | Delhi rate |
| USD/INR | ₹95.01 | -0.33% |
| Crude Oil (Brent) | $83.34/bbl | +4.90% |
📰 Top 5 Financial News Stories This Morning
- RBI’s rate decision lands tomorrow. The Reserve Bank of India’s Monetary Policy Committee wraps up its three-day meeting with a decision due August 8. Markets will be watching closely after the central bank’s recent upgrade to its FY27 growth outlook and softer inflation forecast, which many read as room for a dovish tilt.
- Crude oil surges on Strait of Hormuz developments. Brent crude jumped nearly 5% to $83.34/bbl after reports that Iran and Oman are negotiating a proposed alternate shipping route through the Strait of Hormuz. Higher oil prices are a direct pressure point for India’s import bill and inflation trajectory, and a key reason US futures turned cautious overnight.
- Technocraft Ventures IPO opens for subscription. The ₹252-crore issue, priced in a ₹200–212 band, opens today with early grey-market cues pointing to a modest listing pop. It’s one of the more closely watched primary-market listings of the week for retail investors.
- DIIs keep buying as FIIs stay net sellers. Domestic institutions bought roughly ₹3,357 crore worth of shares on August 6 even as foreign investors offloaded about ₹3,531 crore, extending a pattern where local flows have been absorbing FII selling pressure and helping limit downside.
- Wall Street snaps its winning streak. The Dow fell 0.9% Thursday, breaking a record-setting run, while the S&P 500 slipped 0.2% and the Nasdaq eased 0.1% as rising oil prices and higher Treasury yields weighed on sentiment. That said, this earnings season remains strong overall, with more than four in five S&P 500 companies beating estimates so far — a mixed backdrop for how Indian markets open today.
🔍 What to Watch Today
All eyes turn to the RBI Monetary Policy Committee’s decision due tomorrow, August 8, following its three-day meeting. Q1 FY27 earnings season stays busy today with results expected from Godrej Consumer Products, Apollo Tyres, Sula Vineyards, Welspun Corp, Zee Media and several others — any surprises here could move individual stocks sharply. Investors should also track Friday’s US non-farm payrolls report for cues on the Fed’s rate path, along with any further headlines on the Iran–Oman shipping-route talks that have driven crude oil higher this week.
Data sourced from live market feeds. Last updated: 8:00 AM IST, 7 August 2026. This is for informational purposes only and not investment advice.
