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Indian stock market indices, Sensex and Nifty 50, are predicted to open lower amid mixed global cues. The Nifty 50 closed below 24,500, with analysts highlighting key resistance and support levels amidst ongoing market volatility and concerns over rising crude oil prices.
US-Iran war: Brent crude futures had fallen $1.29, or 1.5%, to $87.69 a barrel, while US West Texas Intermediate (WTI) crude declined $1.30, or 1.6%, to $81.97 a barrel.
Buy or sell: Vaishali Parekh recommends three intraday stocks to buy today —Rain Industries, Indus Towers, and SBI
The Indian stock market is expected to open lower on August 13 due to mixed global cues and concerns over high crude oil prices. The Nifty 50 finished below 24,500, highlighting ongoing investor caution amid geopolitical tensions affecting oil supply and market sentiment.
IRFC delivered its strongest-ever quarter, but a shrinking loan book, falling margins, government stake sales and a still-premium valuation are weighing on the stock.
Stock market today: Gift Nifty was trading near the 24,446.5 mark, down over 24 points from the previous close of Nifty futures.
India nearly doubled its planned coal mining capacity in 2025 to 638 million metric tons per annum, driving almost all of the global increase in proposed coal projects, according to Global Energy Monitor. The expansion comes as India seeks to meet rising power demand despite rapid renewable growth and slowing global coal demand.
Sensex Today | Stock Market LIVE Updates Thursday: The GIFT Nifty indicated that the Nifty50 may extend losses. Asia markets advance on tech stocks rebound
Trading stocks today: Jatin Gedia of Teji Mandi Investment Technologies has recommended buying BHEL and Aarti Industries shares today.
Brent futures dropped $1.29, or 1.5 per cent, at $87.69 a barrel by 0100 GMT; US West Texas Intermediate (WTI) crude fell $1.30, or 1.6 per cent, to $81.97