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Global market volatility continues, but GIFT Nifty hints at gains for India. Check out the top stocks banned from trading and how rising oil prices could shape today’s market

The GIFT Nifty signals a slightly bearish start for the broader index, showing a decline of 42 points. This comes after the Nifty ended the previous session with a drop of 114 points to reach 19,428 points on August 11. GIFT Nifty futures were positioned at 19,449 points.

The benchmark indices are expected to open slightly lower, indicated by the GIFT Nifty showing a loss of 50 points. This comes after the Nifty closed down by 20 points at 19,733 points on August 1. The GIFT Nifty futures were recorded at 19,782 points.

Nifty closed around day’s high after filling the opening gap. It closed higher around 98.2 points or 0.56 per cent to close around 17,722 level. S&P BSE Sensex also closed green with more than 300 points. Nifty Midcap 100 and Nifty Small cap 100 rallied 0.50 per cent and 0.41 per cent respectively. 

Nifty opened with a slight gap-up and traded higher after some intraday consolidation. In the afternoon session, it witnessed a profit booking and touched its previous falling trend line on the daily time frame. Nifty closed higher around 24 points or 0.14 per cent to close around the 17,624 level. S&P BSE Sensex also closed flat with a rise of 13 points. Nifty Mid-cap 100 and Nifty Small-cap 100 rallied 0.38 per cent and 0.28 per cent respectively.