Gift Nifty Signals Positive Start for Indian Markets Today: Know Key Triggers for August 24

Last Updated:August 24, 2026, 07:50 IST

The Gift Nifty trades at 24,347.5, up 61.5 points or 0.25%, as of 7:40 am.

Gift Nifty Today.

Gift Nifty Today, August 24: Indian stock markets are likely to open on a mildly positive note on Monday, August 24, as the Gift Nifty points towards gains despite continued concerns over geopolitical tensions, elevated crude oil prices and global bond yields.

The Gift Nifty was trading at 24,347.5, up 61.5 points or 0.25%, as of 7:40 am. The futures index was trading in the 24,300-24,350 range in early trade. Gift Nifty at current levels is also around 95 points above the Nifty 50’s previous close of 24,252, indicating a positive start for domestic equities.

However, the early gains may remain limited as investors continue to monitor developments in West Asia, crude oil prices and global markets.

Persistent tensions involving the US and Iran remain a major concern for global investors. Markets are awaiting details of fresh US sanctions against Iran, while uncertainty surrounding the Strait of Hormuz continues to keep oil prices elevated.

“Indian equity markets are set to begin the week on a cautious footing as persistent Middle East tensions and elevated crude oil prices continue to temper risk appetite,” said Ponmudi R, CEO of Enrich Money, a SEBI-registered online trading and wealth-tech firm.

US Treasury Secretary Scott Bessent is due to hold a news conference later on Monday to outline sanctions on Iran, which has shown no sign of relinquishing its control over the vital Strait of Hormuz.

According to Ponmudi, crude prices remain firm, with WTI trading around $86 a barrel. For India, sustained high crude prices are particularly important because the country imports a large portion of its oil requirements. Higher crude prices can put pressure on inflation, the rupee and corporate profitability.

Brent crude was trading around $93.43 a barrel, while US West Texas Intermediate crude was near $86.14 a barrel in early trade.

Asian Markets Mixed

Asian markets offered limited support to Indian equities on Monday. Japan’s Nikkei 225 was trading lower, while South Korea’s Kospi also remained under pressure. Taiwan’s benchmark was similarly weak.

Investors globally are also looking ahead to a busy week for technology stocks, particularly Nvidia’s earnings due on Wednesday. The results are being closely watched because they could provide fresh clues about whether the massive investment cycle linked to artificial intelligence can continue.

Investors are also awaiting signals on the US Federal Reserve’s interest-rate outlook. Fed Chair Kevin Warsh is scheduled to speak at Jackson Hole later this week, while US inflation data due this week could influence expectations around the Fed’s next policy decision.

Gold Near Record Levels

Gold prices continued to remain strong as geopolitical uncertainty encouraged investors to seek safe-haven assets.

Spot gold was trading around $4,623 an ounce, after gaining more than 14% so far in August. Continued strength in gold reflects persistent concerns around geopolitical tensions, US debt and uncertainty over global monetary policy.

Nifty 50 Outlook: 24,400 Key Resistance

According to Ponmudi, the Nifty 50 is likely to retain a range-bound bias in the near term, with selling pressure expected at higher levels.

“The 24,300 region remains the immediate resistance zone. A sustained breakout above 24,400 would strengthen the recovery momentum and could pave the way towards 24,500-24,600,” he said.

The Nifty 50 closed at 24,252 on Friday, gaining 20.15 points or 0.08%. The Sensex ended at 77,540.83, up just 3.11 points.

On the downside, the 24,200-24,100 zone is expected to act as an important support area. According to the technical view, holding above 24,000 would be important to preserve the recent recovery structure.

“A decisive break below 24,000 could revive the short-term bearish bias and expose the index to lower support levels,” Ponmudi said.

Key Questions Answered

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What impact could Nvidia’s earnings have on tech stocks?

Nvidia’s earnings and guidance will be closely watched by traders to determine if the artificial intelligence rally will continue. The market is heavily reliant on the AI trade, and Nvidia’s results could also influence Indian technology stocks and broader market sentiment.

Will the US Federal Reserve change interest rates soon?

Investors are awaiting signals on the US Federal Reserve’s interest-rate outlook. Federal Reserve Chair Kevin Warsh is scheduled to speak at Jackson Hole later this week, and US inflation data due this week could influence expectations around the Fed’s next policy decision.

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Mohammad HarisDeputy News Editor (Business)

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalis…Read More

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