Indian equities are set for a positive start on Wednesday, with the GIFT Nifty signaling a strong gap-up opening. The futures traded around 24,728, up 172 points, reflecting improved global risk sentiment after US Treasury Secretary Scott Bessent indicated that Washington and Tehran could reach a diplomatic agreement soon.

On the domestic front, market participants will closely monitor the outcome of the Reserve Bank of India's Monetary Policy Committee (MPC) meeting. The central bank is widely expected to keep the benchmark policy rate unchanged, with investors focusing on the policy stance and commentary for cues on the future interest rate trajectory.

On Tuesday, the 30-share benchmark index ended at 78428.95 down by -210.08 points or by -0.27 % and then NSE Nifty was at 24614.9 down by -159.4 points or by -0.64 %.

On the global front, markets across the Asia-Pacific region advanced following Bessent's remarks. He said that the US and Iran could reach a deal as soon as Tuesday or Wednesday, which would fully reopen the Strait of Hormuz. Japan's Nikkei 225 and South Korea's Kospi were up 3 per cent and 3.3 per cent, respectively.

Overnight, the Dow Jones Industrial Average and the Nasdaq Composite ended 1.71 per cent and 2.59 per cent higher, respectively. The rebound in artificial intelligence (AI)-themed stocks also lifted the S&P 500 to post its first record closing since June. The index ended 1.79 per cent higher at 7,736.49.

Back home, Top traded Volumes on NSE Nifty – HDFC Bank Ltd. 31559802.00, Jio Financial Services Ltd. 24776731.00, Tata Steel Ltd. 22165429.00, Eternal Ltd. 16096034.00, ITC Ltd. 12689243.00,

On NSE, total number of shares traded was 440.85 Crore and total turnover stood at Rs. 124572.29 Crore. On NSE Future and Options, total number of contracts traded in index futures was 88014 with a total turnover of Rs. 14343.20 Crore. Along with this total number of contracts traded in stock futures were 923441 with a total turnover of Rs. 64084.67 Crore. Total numbers of contracts for index options were 319327195 with a total turnover of Rs. 50998306.08 Crore. and total numbers of contracts for stock options were 5293170 with a total turnover of Rs. 387322.16 Crore.

The FIIs on 04/08/2026 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 13275.34 Crore and gross debt purchased stood at Rs. 145.29 Crore, while the gross equity sold stood at Rs. 11843.89 Crore and gross debt sold stood at Rs. 223.29 Crore. Therefore, the net investment of equity and debt reported were Rs. 1431.45 Crore and Rs. -78.00