Nifty 50, Sensex prediction today: Check how Indian stock market is expected to trade on 31 August
Indian stock market indices, Sensex and Nifty 50, are expected to open lower following weak global market cues. Analysts are monitoring key support and resistance levels to determine the market's short-term trajectory.
Why it matters
Market predictions are vital for investors and traders navigating volatility in the Indian financial sector.
The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to have gap-down start on Monday, 31 August, amid weak global cues.The Gift Nifty trends also indicated a weak start for the Indian benchmark index. The Gift Nifty was trading at around 24,232, a 110-point discount to the Nifty futures’ previous close.The domestic equity indices ended positive in the previous session, with the benchmark Nifty 50 closing above 24,100 level.The Sensex jumped 330.92 points, or 0.43%, to close at 77,264.51, while the Nifty 50 settled 84.80 points, or 0.35%, higher at 24,175.65.Here’s what to expect from Sensex, Nifty 50 and Bank Nifty today:Sensex PredictionThe Sensex closed at 77,264.51 on Wednesday, gaining 330.92 points, or 0.43%.Hitesh Tailor, Technical Research Analyst at Choice Equity Broking Pvt. Ltd., said the index is holding above the 76,800–77,000 support zone, while 77,680–78,000 remains the immediate resistance area.
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