On May 7, 2026, the Indian stock market is expected to open flat, with the Nifty50 futures down by 7.9 points or 0.03% at 24,439. Global markets showed mixed signals, as Japan's Nikkei 225 index surged 5.35% to surpass 62,000 for the first time following a holiday. The Hang Seng index rose 1.34%, while the CSI 300 remained relatively unchanged. In the US, major indices closed higher, with the S&P 500 and Nasdaq Composite achieving new highs, up 1.24% and 2.02%, respectively. Meanwhile, Brent crude oil prices rose by 0.56%, reaching $101.84 per barrel, amid heightened tensions between the US and Iran following threats from US President Donald Trump. Additionally, many companies, including Biocon and Bajaj Holdings, are scheduled to release their fourth-quarter results today, which could further influence market sentiment.