Supreme Court orders fresh hearing in 2015 cash-for-vote case

The Indian stock market is set for a flat opening on 12 August, following mixed global cues. Oil prices rose amidst US-Iran negotiations, impacting investor sentiment. The Nifty 50 declined to 24,471.70, while experts caution a cautious approach towards the market ahead of US inflation data.

UBS upgraded MCX to Buy from Neutral and raised its target price to Rs 3,800, citing attractive valuations, resilient trading volumes and positive regulatory developments. The brokerage also raised its FY27-FY29 EPS estimates by 4%-9%, while expecting strong commodity volatility and operating leverage to support earnings growth.

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