Indian Benchmarks Open Mixed; Nifty Slips 0.71%

By 1:15 pm, benchmarks hit the day's low: the Sensex fell 300.16 points or 0.38% to 78,338.87, and the Nifty 50 declined 296.40 points or 1.20% to 24,477.90. Globally, the Dow Jones Industrial Average closed Monday at a record 53,178, rising nearly 700 points, its 22nd record close this year. The S&P 500 gained 1.5% and the Nasdaq Composite rose 2.1%, supported by easing U.S.-Iran tensions and stronger-than-expected July manufacturing data. Asian markets failed to carry momentum, with Japan's Nikkei 225 falling over 0.5% and South Korea's Kospi slipping more than 1%. The National Stock Exchange, in a clarification, said the Closing Auction Session was implemented under SEBI guidance to promote transparency and fair price discovery, after Nifty 50's official closing value jumped nearly 200 points on Monday post continuous trading, surprising participants on the first day of CAS for F&O stocks.