3 weeks ago

Gift Nifty Down 97 Points Signals Cautious Indian Market Start

Gift Nifty Down 97 Points Signals Cautious Indian Market Start
Gift Nifty Signals Negative Start Today, Trades 97 Points Lower; Focus Shifts to US Jobs Data, US-Iran Tensions · news18.com

Stock markets are like a big scale that shows whether investors feel happy or worried.

Today, a special number called Gift Nifty, which gives an early hint about Indian stock prices, went down a little.

That tells us Indian stock markets might start the day quietly or slightly lower.

People are worried because the price of oil has gone up, and high oil prices can make things cost more.

There are also tensions in the Middle East, and ships may have trouble passing through an important waterway called the Strait of Hormuz.

Later today, the United States will share a big report about jobs, and everyone wants to see it.

This report helps people guess what the Federal Reserve might do with interest rates, which affect loans and savings.

Markets around the world look mixed, with some going down and some going up.

Experts say Indian markets still have strong support and could climb higher if they push past a certain level.

Key facts

Gift Nifty level
24,650.5, down 97.5 points (0.39%)
Market date
August 7, 2026
Brent crude
Above $83 per barrel
Nifty support levels
24,600, then 24,500
Nifty resistance levels
24,700, then 24,800-25,000
RSI reading
Near 62
Key event to watch
US non-farm payrolls (NFP) data
KOSPI weekly performance
Down 5.0% for the week, seventh straight weekly decline

Quotes

Ponmudi R

CEO of Enrich Money

“GIFT Nifty futures are trading around 24,648 in early trade, pointing to a largely flat start for domestic equities. Global cues remain mixed as Wall Street ended lower overnight, while firmer Treasury yields and a rebound in crude oil prices reflected continued uncertainty over the pace of progress in Middle East negotiations.”
news18.com

Sources

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