{
  "id": 625877,
  "title": "Markets eye flat start amid rising crude oil prices and mixed global cues",
  "url": "https://urgent.news/2026/08/12/markets-eye-flat-start-amid-rising-crude-oil-prices-and-mixed-global",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-12T01:58:18.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/markets-eye-flat-start-amid-rising-crude-oil-prices-and-mixed-global-cues/article71334853.ece"
  },
  "original_language": "en",
  "account": "Indian equity markets are expected to open flat on Wednesday as weak global cues prevail. The Nifty index, currently at 24,542.50, suggests a subdued start for Indian stocks. Analysts highlight the impact of rising crude oil prices on market sentiment, with Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, noting that the surge in energy costs is dampening risk appetite, particularly in an oil-importing nation like India. The focus will now shift to U.S. Consumer Price Index (CPI) data, which is anticipated to provide new insights into global interest-rate expectations and overall market sentiment.\n\nIndia's tax collections have shown robust growth, with net direct tax collection increasing by 23.09% to over Rs 8.11 lakh crore till August 10 in the fiscal year. Corporate tax collections have also risen by 19.83% to approximately Rs 2.70 lakh crore, while non-corporate tax collection, including personal income tax, has grown by 23% to Rs 5.07 lakh crore. Securities Transaction Tax (STT) revenues have surged by 51% to Rs 33,824 crore during the same period. Fitch Ratings has stated that India's economic growth is expected to stay resilient despite near-term challenges from the energy shock, attributing this resilience to public capital expenditure, a recovery in private investment, and favorable demographics. The agency has maintained India's sovereign rating at 'BBB-' with a Stable Outlook.\n\nHowever, market sentiment remains cautious due to persistent uncertainty regarding the U.S.-Iran negotiations, which continue to cast a shadow over investor confidence. Overnight trading on Wall Street was relatively muted, with the S&P 500 and Dow Jones Industrial Average both falling by around 0.3%, while the Nasdaq Composite dipped by 0.6%. This cautious sentiment is further influenced by the upcoming U.S. consumer price inflation data, which is crucial for shaping global interest-rate expectations. Asian markets are trading mixed, with Japan's Nikkei 225 slightly declining, while South Korea's Kospi is up more than 2% in early trading, offering some relief to regional market sentiment. Despite these fluctuations, the persistent challenges posed by elevated crude oil prices, geopolitical uncertainties, and mixed global cues are expected to keep investors on edge.",
  "summary": "Rising energy costs could test investor sentiment as markets assess geopolitical risks and await fresh signals from the US inflation data",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "NDTV",
        "title": "Stock Market LIVE Updates, Sensex Today: Sensex, Nifty Trade Flat Amid Hormuz Deadlock, Asian Markets Mixed",
        "url": "https://urgent.news/2026/08/12/stock-market-live-updates-sensex-today-sensex-nifty-trade-flat-amid",
        "published": "2026-08-12T03:07:33.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}