Nifty 50, Sensex prediction today: Check how Indian stock market is expected to trade on 4 August
Indian stock market indices, Sensex and Nifty 50, are expected to open flat to positive following a strong performance on Monday. Analysts suggest the market is maintaining a positive trend with specific support and resistance levels to watch.
Why it matters
Market performance in India serves as a key indicator for regional economic health and investor sentiment in emerging markets.
The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open flat to positive on Tuesday, 4 August, amid positive global cues.The Gift Nifty trends also indicated a flat-to-positive start for the Indian benchmark index. The Gift Nifty was trading at around 24,669, a 20-point premium to the Nifty futures’ previous close.On Monday, the Indian stock market ended higher, with the benchmark Nifty 50 closing below 24,800.The Sensex jumped 544.39 points, or 0.70%, to close at 78,639.03, while the Nifty 50 settled 390.70 points, or 1.60%, higher at 24,774.30.Here’s what to expect from Sensex, Nifty 50 and Bank Nifty today:Nifty 50 PredictionNagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said the Nifty 50 witnessed a decisive breakout on Monday after opening with a gap-up and closing firmly higher.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in