Indian Markets Brace for Negative Open: GIFT Nifty Drops 0.20%
Indian stock exchange trading floor with traders observing market data.
Key Highlights
Indian stock markets anticipate a negative opening on August 13, 2026, as GIFT Nifty slides 0.20%. Crude oil prices near $90 and FII selling weigh on sentiment.
Indian markets are poised for a negative start on August 13, 2026, with the GIFT Nifty signaling a 0.20% decline, or 50 points, influenced by crude oil prices holding near $90. This follows a subdued close for major domestic indices on Wednesday.
On Wednesday, the registered a 0.15% loss, settling at 24,435.95, while the Sensex fell 0.24% to conclude at 77,966. Global cues presented a mixed picture ahead of Thursday’s trading session.
Global Market Snapshot
- Asian-Pacific markets opened higher on Thursday: Japan’s Nikkei 225 gained 1.5%, and South Korea’s Kospi rose 4%.
- US futures were subdued on Thursday, despite a surge in the US stock market on Wednesday driven by a tame inflation report.
Commodity Movements
Crude oil prices saw a notable decline, impacting the broader market sentiment. Gold and silver, however, recorded gains across international and domestic markets.
- West Texas Intermediate (WTI) futures dropped 1.12% to $82.31 per barrel.
- Brent crude futures were down 1%, trading at $88.06.
- COMEX gold prices increased 0.45% to $4,487.60 an ounce.
- 24-carat gold in India was priced at Rs 1,41,918.3 per 10 grams.
- COMEX silver prices rose 0.43% to $65.98 per troy ounce.
- Indian silver surged 1.09% to Rs 2.38 lakh per kilogram.
Institutional Flow &
Investor activity on August 12, 2026, showed distinct patterns, with offloading significant capital from the Indian market. Meanwhile, the Indian Rupee demonstrated strength against the US Dollar.
- Foreign Institutional Investors (FIIs) were net sellers, offloading shares worth Rs 1,002.50 crore.
- (DIIs) were net buyers, purchasing shares worth Rs 5,841.66 crore.
- The US Dollar Index (DXY) saw a marginal decrease of 0.03%, standing at 99.94.
- The Indian Rupee appreciated 0.13% against the dollar, closing at 95.33.
Sectoral Performance Highlights
Wednesday’s trading session revealed varied performance across sectors, with Shipbuilding leading the gains in market capitalization.
- Shipbuilding sector surged 5.65% in market capitalization, marking the highest gain.
- Space and Defence stocks also recorded strong performance.
- The Glass sector experienced the most significant decline, falling 1.7%.