Indian investors will track developments around the US-Iran talks, after Pakistan Defence Minister Khawaja Asif said that “things are shaping up again in favor of a peace arrangement”. US markets were largely flat amid uncertainty over a possible agreement, while crude oil prices hovered around $90 a barrel. Investors will also watch the US July Consumer Price Index (CPI) and core CPI data for cues on the impact of higher energy prices on inflation and consumer costs amid the Iran conflict.Domestically, India’s July CPI inflation data will be released in the evening. The market will track the print amid concerns over the impact of a weak monsoon on the economy. On the earnings front, Hindustan Aeronautics Ltd (HAL), Grasim Industries Ltd, Tata Motors, Apollo Hospitals Enterprise Ltd and GMR Airports are among the major companies scheduled to report their Q1 FY27 results on Wednesday.
