The Indian stock market today is likely to begin Tuesday’s session on a weak note, with GIFT Nifty indicating a gap-down opening. Nifty futures at GIFT City slipped 182 points to 24,064, reflecting cautious sentiment after global markets turned negative.
The biggest concern for investors remains the sharp rise in crude oil prices following renewed geopolitical tensions between the United States and Iran. Combined with foreign investor selling and weakness across Asian markets, these factors are expected to weigh on domestic equities.
Indian Stock Market Today: Monday’s Recovery Offers Some Relief
Although benchmark indices opened lower on Monday, buyers returned at lower levels, helping the market recover sharply.
The BSE Sensex bounced nearly 932 points from its day’s low before ending 47 points higher at 77,616, while the Nifty50 closed almost unchanged at 24,211 after touching both 24,000 and 24,260 during the session.
Technology stocks, including Infosys, Tata Consultancy Services (TCS), and HCL Technologies, played a major role in limiting losses and lifting the market into positive territory.
Global Markets Turn Cautious
Asian markets traded lower on Tuesday as investors reacted to rising geopolitical risks and higher energy prices.
- Japan’s Nikkei fell 0.53%
- Hong Kong’s Hang Seng declined 0.66%
- China’s Shanghai Composite slipped 0.47%
- South Korea’s Kospi dropped 1.9%
The negative trend across Asia is likely to influence the Indian stock market today, particularly during early trade.
Oil Prices Surge After US-Iran Escalation
Market sentiment weakened after the US Central Command (CENTCOM) announced that it would restart restrictions on maritime traffic linked to Iranian ports from July 14.
The move has renewed concerns about disruptions in global oil supply, pushing Brent crude futures above $85 per barrel, with prices touching an intraday high of $85.66.
Since India depends heavily on crude oil imports, sustained higher oil prices could increase inflation concerns and pressure corporate earnings.
FII Selling Continues
Foreign Institutional Investors (FIIs) remained net sellers for another session, offloading equities worth ₹3,062.27 crore on Monday. Domestic Institutional Investors (DIIs), however, bought shares worth ₹2,171.70 crore, helping cushion the market.
Also read : Gold and Silver Prices Drop Sharply Today: Check Latest Gold Rates in India on July 8, 2026
Persistent FII outflows continue to remain one of the biggest headwinds for the Indian stock market today.
Wall Street Closes in Red
US markets ended lower overnight as investors booked profits in technology stocks while rising oil prices added to inflation worries.
- Dow Jones lost 0.26%
- S&P 500 declined 0.80%
- Nasdaq Composite dropped 1.55%
The weak US close is expected to add pressure on Indian equities at the opening bell.
Technical Levels to Track
Despite global weakness, Nifty’s price action on Monday remained encouraging from a technical perspective.
The index formed a bullish engulfing candle on the daily chart after recovering strongly from the 24,000 level. Options data indicates that 24,000 remains the strongest support zone, while 24,500 continues to act as the immediate resistance due to heavy call writing.
Market Outlook
The Indian stock market today is expected to remain highly volatile as investors track developments surrounding the US-Iran conflict, crude oil prices and institutional fund flows. While strong support near 24,000 may limit downside, global uncertainties could keep traders cautious throughout the session. A sustained move above 24,500 would be required for fresh bullish momentum, whereas any break below 24,000 may trigger additional selling pressure.
For More Hindi News: http://newz24india.com