Nifty Opens Flat Amid Geopolitical Uncertainty and Prolonged Selling Pressure

Indian equity markets began the week on a muted note as the Nifty 50 index edged up marginally by 0.02% to 24,369.00, while the Sensex gained 0.03% to 79,881.33. This tepid opening follows a six-week losing streak for the Nifty—a rare occurrence seen only four times since the index's inception in 1990.

Market sentiment remains cautious amid geopolitical tensions and lackluster Q1 earnings. Prashanth Tapse of Mehta Equities noted, 'Fear and caution dominate as India faces the brunt of Trump’s trade war.'

Investor focus now shifts to the upcoming meeting between US President Donald TRUMP and Russian President Vladimir Putin on August 15. Dr. VK Vijayakumar of Geojit Investments highlighted, 'A resolution to the Russia-Ukraine conflict could provide a major positive catalyst for markets.'