Nifty Poised for Cautious Reopening as Global Cues and F&O Expiry Loom

Indian equity markets closed the last trading session on Friday, August 07, 2026, with a mixed performance. The benchmark NIFTY 50 closed at ₹24,570.65, registering a decline of -65.35 points, or -0.27%. The NIFTY BANK index also faced pressure, ending at ₹57,746.45, down -317.20 points or -0.55%, while the NIFTY FINANCIAL SERVICES index saw a significant drop, closing at ₹26,466.00, a decrease of -397.50 points or -1.48%. In contrast, the NIFTY IT sector demonstrated resilience, posting gains to close at ₹31,547.70, an increase of +441.50 points or +1.42%, alongside the NIFTY MIDCAP 100 rising by +136.75 points or +0.22% to settle at ₹63,463.55. Meanwhile, the India VIX, a measure of market volatility, edged up slightly to ₹12.18, an increase of +0.02 points or +0.18%, indicating a marginal rise in market apprehension.

Today, Sunday, August 09, 2026, marks a market holiday in India, with both the National Stock Exchange and Bombay Stock Exchange remaining closed for trading, meaning no FII/DII data is available. Over the weekend, global markets provided mixed cues as US markets closed broadly higher on Friday, driven by technology stocks with the Nasdaq Composite ending approximately 0.7% higher, while European markets finished in positive territory. Asian markets are expected to open mixed on Monday, August 10, 2026, with some indices showing early signs of caution as investors monitor global inflation trends and central bank commentaries closely ahead of the upcoming sessions.

When Indian markets reopen for trading, market participants must navigate the growing proximity to the monthly F&O expiry, which will likely lead to increased volatility and stock-specific action in the coming week. The Indian Rupee recently traded around ₹83.20 against the US Dollar with slight depreciation, while India's 10-year government bond yield remained relatively stable hovering around 7.05%. Traders should watch for institutional flow shifts and global tech sentiment catalysts to gauge direction before expiry by August expiry.