Oil Price Surge Weighs on Indian Stocks Amid Global Uncertainty

Indian stock markets are expected to open muted on August 12, signaling a subdued start for benchmarks. The Nifty 50 edged down 0.04%, while the Sensex edged up 0.11% at pre-open.

The decline in Indian shares comes amid concerns over energy prices, which have been increasing due to uncertainty in global markets. Asian stocks traded mixed, with Japan's Nikkei 225 and South Korea's Kospi showing gains, but MSCI's broadest index of Asia-Pacific shares outside Japan gained only 0.8%.

The rise in oil prices has pushed energy stocks up, with the energy index rising 1.7%. Technology stocks also gained 1.1%, helping offset weakness elsewhere in the market. However, investors are cautious due to concerns over geopolitical risks and their impact on inflation and economic growth.