Indian Markets Brace for Negative Open: GIFT Nifty Drops 0.20%
By Market Desk
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 Nifty 50 registered a 0.15% loss, settling at 24,435.95, while the BSE 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 & Currency
Investor activity on August 12, 2026, showed distinct patterns, with Foreign Institutional Investors 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.
- Domestic Institutional Investors (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%.