Against this backdrop, GIFT Nifty futures are trading at 24,660, compared with the Nifty future’s previous close of 24,637, pointing to a flat-to-marginally positive opening for Nifty, even as global stocks are wobbling.
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Domestic markets are likely to open on flat note on Thursday, as analysts expect consolidation phase to continue. As the RBI marginally increased real GDP growth projection for FY27 to 6.7 per cent from earlier estimate of 6.6 per cent and revised lower the CPI inflation for FY27 to 5 per cent from earlier estimate of 5.1 per cent, experts believe a stable macro environment for India.With over ₹30,000 crore in its kitty through the offer-for-sale of LIC shares, the Centre’s financial book also turned healthy, they added.Against this backdrop, GIFT Nifty futures are trading at 24,660, compared with the Nifty future’s previous close of 24,637, pointing to a flat-to-marginally positive opening for Nifty, even as global stocks are wobbling. Indian equity markets are expected to trade with a constructive bias, though investors are likely to remain selective as mixed global cues temper optimism over progress toward a Middle East agreement, said Ponmudi R, CEO of Enrich Money. Asian equities are trading lower this morning as investors booked profits following the recent AI-driven rally. Japan’s Nikkei 225 has fallen more than 1%, led by weakness in electronics stocks, while South Korea’s Kospi is down sharply as selling returned to technology and semiconductor names, he added.According to Sanjay Chaturvedi, Chief Treasury Officer, Namdev Finvest, the stable policy environment also provides greater visibility on funding costs and interest rate expectations, enabling NBFCs to undertake more effective balance sheet planning and prudent liquidity management. Going forward, while global uncertainties will continue to be monitored closely, the current policy stance provides the confidence and stability needed to support responsible credit expansion and sustain India’s long-term growth momentum.”From the Derivatives perspective, India VIX declined to 12.06, reflecting subdued volatility and improving market confidence. “Option chain positioning indicates maximum Put Open Interest at the 24,500 strike, followed by 24,600, reinforcing immediate support through aggressive Put writing. On the upside, maximum Call Open Interest is concentrated at the 24,600 strike, followed by 24,700, highlighting a well-defined resistance zone. This suggests that 24,500-24,700 has evolved into a boxed trading range, where both Put and Call writers are actively building positions, making it the key zone to watch for the next directional move. The PCR stands at 0.72, indicating a mildly cautious derivatives setup despite the improving technical structure,” said Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities.More Like ThisPublished on August 6, 2026
