Pre-Market 13 August 2026: Nifty Below 24,500; Key Cues To Watch Today
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Nifty stayed below 24,500 as markets faced pressure from crude prices and geopolitical concerns, while investors tracked inflation data, global market trends, GIFT Nifty and key technical levels.
Indian markets are set to begin Thursday's session after the benchmarks ended lower for a second straight day. The Nifty remained below 24,500, while investors also tracked crude prices, the rupee and inflation data from India and the US.
What Happened In Wednesday's Session?
The Sensex ended 188 points lower at 77,966.35. The Nifty 50 finished at 24,435.95, down 36 points. The Nifty Midcap 100 rose 0.28%, while the Nifty Smallcap 100 index declined 0.18%.
Over the past two sessions, the Sensex has lost nearly 600 points, while the Nifty has declined about 0.60%. The market's total capitalisation also fell by about ₹2 lakh crore over the two sessions, to around ₹492 lakh crore.
Higher crude prices and uncertainty around the reopening of the Strait of Hormuz remained key concerns for investors.
Global Market Cues
In US markets, the Dow Jones Industrial Average fell by 0.04% to close at 53,770.27. The S&P 500 closed at 7,748.50, up 0.26%. The Nasdaq Composite rose 0.54% to close at 26,588.49.
The mixed performance came after US inflation data showed signs of easing, with consumer prices rising 0.1% in July, in line with expectations, while annual inflation slowed to 3.4% from 3.5% in June. Core CPI rose 0.2% month-on-month and 2.5% year-on-year.
European markets ended lower. The FTSE 100 closed at 10,833.15, down 0.10%, while France's CAC 40 settled at 8,674.94, down 0.46%.
In Asia, Japan's Nikkei 225 rose 0.83% to 67,524.06, while Hong Kong's Hang Seng fell 0.83% to 25,440.17.
GIFT Nifty Today
At 7:40 am on 13 August 2026, GIFT Nifty was trading at 24,433.50, down 37.50 points. The contract was hovering near Wednesday's Nifty close of 24,435.95, indicating a cautious opening for the benchmark.
Nifty 50 Technical View
- Support: 24,300-24,270
- Resistance: 24,570-24,600
A sustained move above 24,600 could take the Nifty 50 Index towards 24,750 and then 24,900. On the downside, 24,300-24,270 remains the immediate support zone.
What To Watch In Thursday's Session?
Inflation data, crude prices and developments around the Strait of Hormuz will remain on the radar. India’s CPI inflation rose to 4.45% in July from 4.38% in June. However, the reading remained within the RBI's 2-6% tolerance band.
Traders will also track GIFT Nifty and the latest global market moves before Thursday's opening bell.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa is a content and SEO strategist with 10+ years of experience across fintech and FMCG. She has a knack for connecting dots others miss, spotting trends early, and finding angles on topics most miss to question.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide.
Outside work, she's drawn to art, painting and architecture, and enjoys travelling to explore them firsthand.
