August 10, 2026 at 03:02 AM 2 min readmarketsMarket SummaryAI Insights
Nifty Expected to Open Higher as Gift Nifty Points to Steady Gains
Gift Nifty indicates a steady start tracking positive global cues and overnight Wall Street gains.
[Global Cues Point to Positive Start]:
Indian benchmark indices are expected to open on a mildly positive to muted note today, Monday, August 10, 2026. The Gift Nifty was trading around the 24,665 to 24,661 levels, indicating a premium of approximately 6 points from the Nifty futures' previous close. Wall Street closed broadly higher on Friday, August 7, 2026, with the S&P 500 rising approximately 0.6% and the Nasdaq Composite adding approximately 1.3% following weaker US jobs data.
[Cross-Asset Dynamics and Sectoral Impact]:
International crude oil prices saw an uptick on Monday, driven by uncertainty surrounding the reopening of the Strait of Hormuz, with Brent crude futures rising approximately 1.44% to $84.79 per barrel. This overnight Nasdaq rally favours IT stocks at open, while rising crude pressures OMCs and overall domestic sentiment. Meanwhile, the India VIX eased marginally by approximately 0.01% to 12.15 on Friday.
[Session Focus and Expiry Outlook]:
With the August 2026 F&O contracts set to expire on August 25, 2026, key open interest is concentrated at the 24,600 strike for Call options and the 24,000 strike for Put options. Today's trading session will likely be dominated by ongoing corporate earnings announcements and institutional derivative adjustments.
Pulse Intelligence
Context & ImpactContext & Background
- On Friday, August 7, 2026, Indian benchmark indices closed lower, with the Nifty 50 dipping by approximately 0.27% to settle at 24,570.65.
- Wall Street finished last week higher as unexpected job losses in the US dampened expectations of a near-term interest rate hike by the Federal Reserve.
- Asian markets mostly advanced in early trade on Monday, with Japan's Nikkei 225 trading higher by approximately 1.46%.
Key Consequences
- Information technology stocks may see early buying interest tracking the overnight tech-heavy US index gains.
- Oil marketing companies could face margin pressures as Brent crude holds above $84 per barrel.
- Traders will closely monitor derivative positioning around the 24,600 resistance strike ahead of the upcoming expiry.
Market & Economic Impact
Nifty expected to open with modest gains, with global tech cues supporting IT stocks while higher crude weighs on energy margins.
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