Trade Setup for Today: Key Things to Know Before the Opening Bell on August 7, 2026
GIFT Nifty trades marginally higher at 24,651.50 (+0.04%) indicating a flat to slightly positive opening. US markets closed lower with Dow Jones down 0.85% while NASDAQ limited losses. Asian markets show mixed performance with Nikkei declining 0.99%. Commodities display strength with gold up 0.39%, silver gaining 1.29%, and crude oil rising 1.07%. USD/INR remains stable at 95.12. DIIs continue strong buying at ₹4,013.60 crore while FIIs show marginal selling of ₹17.86 crore. Significant block deals worth over ₹1,600 crore executed in Credit Access Grameen, Indegene, and Anand Rathi Wealth.
*this image is generated using AI for illustrative purposes only.
Introduction
Global markets are showing mixed signals as we head into today's trading session. While Asian indices face pressure from overnight weakness in US markets, commodity prices are displaying resilience with notable gains in precious metals and crude oil. The SGX Nifty indicates a marginal positive start for domestic indices.
GIFT Nifty Update
| Metric | Value |
|---|---|
| Current Level | 24,651.50 |
| Change | +10.00 points |
| Change % | +0.04% |
| Previous Close | 24,641.50 |
The GIFT Nifty is trading with a slight positive bias, suggesting a flat to marginally higher opening for the Nifty 50.
US Markets
US markets closed lower overnight, with technology stocks leading the decline:
| Index | Level | Change | Change % |
|---|---|---|---|
| Dow Jones | 53,906.10 | -464.02 | -0.85% |
| NASDAQ | 26,371.50 | -12.94 | -0.05% |
| S&P 500 (E-Mini) | 7,733.00 | -1.75 | -0.02% |
The Dow Jones saw the steepest decline, while the NASDAQ managed to limit losses despite technology sector weakness.
Asian Markets
Asian indices are trading mixed with notable movements in key markets:
| Index | Level | Change | Change % |
|---|---|---|---|
| Nikkei 225 | 65,029.18 | -654.08 | -0.99% |
| Hang Seng | 25,456.89 | -73.39 | -0.29% |
| FTSE 100 | 10,867.89 | -20.41 | -0.19% |
The Nikkei 225 is facing the most pressure among Asian indices, while the Hang Seng shows relatively contained losses.
Commodity Trends
Commodity markets are displaying mixed performance with precious metals leading gains:
| Commodity | Price (USD) | Change | Change % |
|---|---|---|---|
| Gold Futures | 4,316.30 | +16.70 | +0.39% |
| Silver Futures | 62.40 | +0.79 | +1.29% |
| Crude Oil (WTI) | 78.12 | +0.83 | +1.07% |
| Natural Gas | 2.63 | -0.01 | -0.45% |
| Copper | 6.76 | +0.05 | +0.80% |
Precious metals and crude oil are showing strength, while natural gas faces minor weakness.
Currency Updates
| Currency Pair | Rate | Change | Change % |
|---|---|---|---|
| USD/INR | 95.12 | 0.00 | 0.00% |
| EUR/USD | 1.15 | -0.00 | -0.02% |
The rupee remains stable against the dollar, while the euro shows marginal weakness.
FII/DII Activity
Institutional activity shows contrasting flows:
| Date | FII Net (₹ Cr) | DII Net (₹ Cr) |
|---|---|---|
| Aug 6, 2026 | -17.86 | 4,013.60 |
| Aug 5, 2026 | -943.42 | 2,883.17 |
| Aug 4, 2026 | 2,446.47 | -936.14 |
Domestic institutional investors continue their buying momentum, while foreign investors remain cautious with marginal selling on August 6.
Block Deals
Significant block deal activity was observed:
| Company | Seller | Buyer | Shares | Price (₹) |
|---|---|---|---|---|
| Credit Access Grameen | CreditAccess India B.V. | Multiple Institutional Buyers | 36,57,500 | 1,482.00 |
| Indegene | BPC Genesis Fund I SPV Limited | Multiple Institutional Buyers | 2,10,52,478 | 525.00 |
| Anand Rathi Wealth | Anand Nandkishore Rathi | Multiple Buyers | 6,97,000 | 1,975.00 |
Latest Updates for Stocks Involved in Block Deals
Credit Access Grameen
The company saw a significant block trade worth ₹542.04 crore and plans to hold investor meetings on August 13-14, 2026, in Mumbai at Equirus and Emkay conferences.
Indegene
The company reported ₹1,162.00 million consolidated net profit for Q1FY27, remaining stable year-on-year. The company has fully utilized its IPO proceeds and proposed a ₹2.25 dividend per share.
Anand Rathi Wealth
Anand Rathi IT Private Limited invoked a pledge on 96,997 shares representing 0.11% of the total share capital on May 11, 2026.
Conclusion
Today's trading session may witness a cautious start with mixed global cues. While the GIFT Nifty suggests a marginally positive opening, weakness in US markets and Asian indices could weigh on sentiment. Commodity strength, particularly in precious metals and crude oil, may support related sectors. Institutional activity shows domestic buying interest, which could provide support to the markets. Traders should monitor global developments and sector-specific movements for intraday opportunities.
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