Pre-Market 5 August 2026: Sensex Falls 210 Points; GIFT Nifty Signals Positive Start; Key Triggers Today
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Markets ended Tuesday on a weak note, but late buying helped trim the losses. The Sensex closed 210 points lower at 78,429, while GIFT Nifty traded above the previous close after Wall Street climbed to fresh record highs.
Indian equities are set to begin Wednesday's trade after benchmark indices closed lower in a volatile session on Tuesday. After the closing bell, Wall Street scaled fresh highs as lower crude prices and upbeat corporate outlooks lifted sentiment.
GIFT Nifty was trading above Tuesday's close before the opening bell.
Market Recap
The BSE Sensex settled 210 points lower at 78,429, while the Nifty 50 ended 159 points down at 24,615. Both indices recovered sharply before the closing bell, ending well above their intraday lows.
The broader market was also weak. The Nifty Bank index fell 341 points to 57,907, while the Nifty Midcap 100 declined 188 points to 63,492.
Selling remained widespread, with 35 of the 50 Nifty stocks closing lower.
Among the major drags were Grasim Industries, HDFC Life, Bajaj Auto, Max Healthcare and Reliance Industries. FMCG stocks also stayed under pressure after Nestle India's commentary weighed on peers such as Hindustan Unilever and Tata Consumer Products.
Apollo Hospitals and Hindalco were among the top gainers during the session. Buying also picked up in Ather Energy, KEI Industries, Godfrey Phillips, Exide Industries and Nippon Life India Asset Management after strong quarterly earnings and positive business outlooks.
Global Markets In Focus
Wall Street moved higher after strong corporate forecasts reinforced confidence in AI-led demand, while easing crude oil prices added to the positive mood.
On 4 August, the Dow Jones Industrial Average rose 907.47 points to 54,085.88, touching a record high. The Nasdaq Composite gained 671.10 points to 26,584.99.
Crude oil prices dropped almost 5% after officials indicated diplomatic efforts to ease tensions in West Asia were continuing. Reports also suggested a possible agreement to reopen the Strait of Hormuz, raising hopes of improved global oil supplies.
European markets also closed higher. The FTSE 100 stood at 10,879.38, up 0.20%, while France's CAC 40 closed at 8,666.63, up 0.61%.
In Asia, Japan's Nikkei 225 advanced to 63,957.53, whereas Hong Kong's Hang Seng Index slipped to 25,852.92.
GIFT Nifty Today
On 5 August 2026 at 7:30 am, GIFT Nifty closed at 24,728.50, up 149 points.
The futures contract is trading above Tuesday's Nifty close of 24,615, indicating a positive start for Wednesday's session.
Nifty Setup
The Nifty ended Tuesday well above its intraday low, keeping the recent support zone intact.
Analysts are watching 24,535, the latest swing low, as the first level on the downside.
On the upside, the 50-day DEMA near 24,900 remains the hurdle. A move above that level may open the door for further gains.
Key Market Triggers Today
The earnings season remains one of the biggest market drivers, with several companies scheduled to announce their June-quarter numbers.
Traders will also watch developments in crude oil after prices fell on hopes of progress in diplomatic efforts in West Asia.
Foreign fund activity, the rupee and global market trends are likely to remain on investors' radar through the session.
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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.
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