Donald Trump’s threats of action against Iran have heightened Middle East tensions and pushed Brent crude oil futures up to $96 a barrel. Against that backdrop, India’s Nifty 50 fell 0.8% to 23,996, while Bank Nifty dropped 1.23% to 57,127. Technical signals show the Nifty has slipped below key moving averages, while the ADX fell to 9.61, its lowest level in three years, placing the market in a low-volatility squeeze ahead of a potential directional move.

MSCI is set to announce changes to the MSCI India Standard Index after market hours on August 12, with the rebalance taking effect from August 31, 2026. The reshuffle could include as many as 12 additions and three deletions, potentially driving around $2.3 billion of passive inflows. Adani Green, Groww and Adani Energy Solutions are seen as high-probability additions, while Astral and SBI Cards are among names at risk of removal. The changes are expected to influence near-term flows into the index and its constituents.

Trent reported FY2025 Q1 standalone revenue of Rs 56.66 billion, up 19% year on year, slightly below some brokerage expectations. The retailer added one Westside store and 19 Zudio outlets in the quarter, taking its total store count to 1,312. Bernstein kept an 'Outperform' rating with a Rs 3,500 target, Morgan Stanley reiterated 'Overweight' with a Rs 3,151 target, and Citi maintained a 'Sell' with a Rs 2,733 target. The stock closed at Rs 3,343.8 on Monday, up 16.6% in 2026 and outperforming the Nifty 50.