Indian equities closed lower on Tuesday as a one-week high in crude oil and selling in banking, FMCG and cement heavyweights dragged the benchmarks, even as the broader market and IT stocks stayed resilient.

How India closed

• Nifty 50: 24,472, down about 112 points (~0.45%) — Business Standard.
• Sensex: 78,154, down 388 points (0.49%) — Trading Economics.
• Broader market held up: Nifty MidCap roughly flat (-0.02%), Nifty SmallCap +0.22% — Business Standard.
• India VIX: 12.25, +0.7% — a still-calm fear gauge — 5paisa.

The pullback was led by financials and oil-sensitive names. Brent's climb toward $88 revived worries about imported inflation for oil-dependent India, just as investors turned cautious ahead of tonight's US inflation print.

Movers & sectors

Nestle India (-2.3%), UltraTech Cement (-2.2%) and IndusInd Bank (-1.8%) were the biggest Sensex drags, with Bharat Forge (-2.2%), Bajaj Finance (-1.1%) and Vedanta (-1.0%) also weak (Trading Economics). IT was the bright spot — TCS (+0.7%), Infosys (+0.7%) and HCL Tech (+0.6%) closed green.

Two stock-specific stories stood out: the NSE said BSE Ltd will replace Wipro in the Nifty 50 from September 30, and Adani Group shares were in focus after a US judge dismissed the fraud-and-bribery case against Gautam Adani.

Flows, currency & commodities

• FII/DII: Tuesday's provisional cash figures were not out at publish time; in the prior session (Aug 10) FIIs net bought ~Rs 1,975 cr while DIIs net sold ~Rs 1,290 cr — 5paisa.
• Rupee: stayed under pressure near a record ~Rs 95.3/$ after closing at 95.28 in the prior session, hurt by firm crude and a strong dollar — APAC News/Reuters.
• Crude: Brent ~$87.7/bbl (one-week high); WTI ~$82 — Trading Economics/HDFC Sky.
• Gold: spot near a two-month high above $4,400/oz; MCX gold around Rs 1.53 lakh per 10g — Goodreturns/FXStreet.

Global now

Europe was mixed in afternoon trade: DAX +0.3%, Euro Stoxx 50 +0.4%, CAC 40 flat, FTSE 100 -0.3% (5paisa). In Asia, Japan's Nikkei was shut for a holiday (last close 66,970) while Hong Kong's Hang Seng fell about 1.0% to 25,676 (Trading Economics). US futures were mixed-to-flat, with the Street parked ahead of the inflation data.

Data on the radar

The big one is US July CPI, due tomorrow (Aug 12, ~6:00 PM IST) — economists expect headline +0.2% m/m and 3.4% y/y (easing from 3.5%), with core near 2.5% y/y; it will reset Fed rate-cut odds. India's own July CPI lands in the same window, with a Reuters poll pegging it at ~4.5% (versus 4.38% in June). India's June IIP is also due this week.

What to watch tonight and tomorrow

Tonight's US CPI is the pivot: a hotter-than-expected print could firm the dollar, pressure the rupee further and revive "higher-for-longer" fears for emerging markets, while a soft number would do the opposite. Watch Brent around the $88 mark given lingering US-Iran uncertainty, whether FIIs flip to net sellers, and how India's own CPI reads against the 4.5% expectation. Financials and oil-sensitive sectors are likely to set the tone at Wednesday's open.

As of 4:05 PM IST, Aug 11, 2026. Sources: Business Standard, Trading Economics, 5paisa, HDFC Sky, Goodreturns, APAC News Network. Automated market wrap for discussion and education only — not investment advice. Verify before acting.