Global markets today, Aug. 5 -- The Indian stock market is poised for a firm start, with improving global risk sentiment underpinning investor confidence after renewed optimism over a potential U.S.-Iran agreement raised expectations that shipping through the Strait of Hormuz could gradually normalise. The prospect of easing geopolitical tensions has driven a sharp decline in crude oil prices, with WTI crude falling to a fresh low near $74 per barrel before stabilising at around $75 per barrel.

Foreign Institutional Investors (FIIs) extended their buying streak for a sixth consecutive session, with sustained participation from Domestic Institutional Investors (DIIs) further reinforcing the market's constructive undertone and providing an...