Pre-market update: Indian stock markets are likely to open on a flat on Thursday, as traders find mixed global cues and prepare for for a packed earnings session. GIFT Nifty futures were last seen trading around 12 points lower at 24,700, hinting at a subdued opening for benchmark indices.

This will also be the final trading session of the week, with markets closed on Friday, August 15, in observance of Independence Day.

Key Data to Watch

All eyes will be on July’s Wholesale Price Index (WPI) data, which could offer clues about wholesale-level inflation and shape expectations for future moves by the RBI on interest rates.

Global Market Mood

Wall Street closed higher overnight. The Dow Jones jumped 1.4%, leading the way, while the S&P 500 and Nasdaq also posted gains amid growing hopes that the US Federal Reserve could start cutting rates as early as next month.

In Asia, the mood was mixed early Thursday. Japan’s Nikkei slipped, while China’s CSI 300 and Australia’s ASX 200 were trading slightly higher.

Stocks in Focus

Expect plenty of stock-specific action today with several major companies set to report Q1 FY26 results. Key names to watch include:

Indian Oil Corporation

Ashok Leyland

Glenmark Pharma

Vodafone Idea

Inox Wind

Patanjali Foods

Swan Energy

IRB Infra Developers

Recently announced results from Apollo Hospitals, United Spirits, and Vishal Mega Mart could also keep these stocks in play.

IPO Buzz

It’s a busy day for IPOs. Shares of JSW Cement and All Time Plastics debut on the exchanges today. Meanwhile, Regaal Resources wraps up its IPO subscription, and allotments for BlueStone Jewellery are expected to be finalized.

In the SME space, Icodex Publishing allotments are due, while Mahendra Realtors sees its final subscription day. Newly listed Connplex Cinemas and Sawaliya Foods Products will make their debut on NSE SME.