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Gift Nifty Hints Weak Start; Eight Trading Stocks to Buy

Gift Nifty Hints Weak Start; Eight Trading Stocks to Buy
Stock market today: Gift Nifty hints a weak start; eight day trading stocks to buy on Thursday, 13 August · livemint.com

The Indian stock market is like a big shop where people buy and sell tiny pieces of companies called shares.

On Thursday morning, the signs suggested the shop might open with prices slightly lower than the day before.

The day before, prices had already slipped a little.

One big reason investors are nervous is oil, the fuel that powers cars and planes, which is still expensive.

Oil prices went down a bit on Thursday, but only because experts think the world will need less fuel in 2026 and because America's oil storage suddenly grew.

Prices are still high because of a disagreement between the United States and Iran over the Strait of Hormuz, a very important waterway that oil ships use.

America said it has "total control" over that waterway, while Iran says talks are stuck until its conditions are met.

Because of this, investors are being cautious, which means they trade slowly and carefully.

Some stock experts still picked companies they think could be good buys today, like Coal India and Hindustan Aeronautics.

Buying shares is like a game with grown-up rules, so investors should think carefully before they play.

Key facts

Gift Nifty
Around 24,446.5 (24-point premium); near 24,437 (33.5-point discount) by 7:45 AM
Sensex close (Wed)
77,966.35, down 187.90 points (0.24%)
Nifty 50 close (Wed)
24,435.95, down 35.75 points (0.15%)
Brent crude
$87.69 a barrel, down $1.29 (1.5%)
WTI crude
$81.97 a barrel, down $1.30 (1.6%)
US crude inventories
Biggest weekly build since January 2023 (EIA), partly driven by a sharp decline in US crude exports
Nifty support
24,350 zone (moving-average ribbon); next support 24,000–24,200
Bank Nifty levels
Resistance 58,000–58,300; support 57,500, then 57,200–57,000

Quotes

Ponmudi R

CEO of Enrich Money

“Indian equity markets are expected to open on a cautious note, with GIFT Nifty futures hovering just above the 24,400 mark”
livemint.com

Donald Trump

U.S. President

“total control”
livemint.com

Sources

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