Pre-Market 8 July 2026: Sensex Ends Near 78,200, Nifty Holds 24,398; What To Watch Today

The market ended Tuesday with little change after a strong run in recent sessions. The Sensex slipped 104.35 points to 78,180.72, while the Nifty 50 closed 31.65 points lower at 24,398.70.

What Moved The Market On Tuesday?

Technology stocks continued to attract buying interest. Titan, Infosys, Eternal, and Tech Mahindra were among the notable gainers in the Sensex pack. On the other hand, Trent, Larsen & Toubro ended lower.

Crude oil remained in focus. Brent crude futures traded around $72.29 per barrel, up 0.39%, as traders assessed supply and demand dynamics after geopolitical concerns in the Middle East eased.

The market also carried forward some of the optimism generated by the recent rally. Between Wednesday and Monday, the Sensex had gained more than 1,800 points, while the Nifty added over 560 points.

How Did Global Markets Perform After Indian Market Hours?

US markets closed in the red as weakness in chipmakers weighed on technology shares.

• Dow Jones Industrial Average fell 130.76 points to 52,925.15

• S&P 500 fell 33.58 points to 7,503.85

• Nasdaq Composite declined 302.47 points to 25,960.13

Asian markets traded mixed.

• Nikkei 225 fell 1,480.73 points to 68,256.96

• Hang Seng declined 119.43 points to 23,496.89

• Singapore's Straits Times Index rose 82.43 points to 5,342.24

European markets also showed a mixed trend.

• FTSE closed at 10,665.88, up 14.11 points

• CAC stood at 8,436.24, down 43.63 points

GIFT Nifty Update

By 19:39 IST on 7 July, GIFT Nifty was trading at 24,316.50, down 67 points, or 0.27%.

The futures contract was trading below Tuesday's Nifty close of 24,398.70, indicating a cautious start for Wednesday's session.

Key Levels To Watch For Nifty

Support Levels

• 24,300

• 24,200

Analysts see the 24,300-24,200 band as the immediate support zone for the index.

Resistance Levels

• 24,500

• 24,530

• 24,600

Tuesday's high has created a hurdle around 24,500-24,530. A move above this range could bring 24,600 into view, followed by the 24,750-24,800 zone.

Also Read - Market Wrap, 7 July 2026: Sensex And Nifty 50 Settle Lower After Giving Up Early Gains

What Could Drive Markets On Wednesday?

Attention is likely to remain on the technology sector after another session of strength in IT stocks. Global investors will also track developments in the AI and semiconductor space after weakness in US chip stocks weighed on the Nasdaq.

Traders will also watch whether Nifty can defend the 24,300 level after Tuesday's mild pullback.