Indian Equity Markets Start the Day in Red
By Ankur Chandra | Updated at: Aug 8, 2025 10:30 AM IST
As was expected, Indian equity markets started the day in red today, 8th August. At 9:30 a.m. Nifty 50 is down by 77.65 points or 0.32%. Sensex is down by 313 points or 0.39%. The uncertainty regarding when an Indo-US trade deal will be reached keeps on hanging over market sentiments. President Trump’s higher tariffs came into force yesterday.
What Can Investors Expect Today?
- Flat to quiet market expected: Markets may open without big movement today because investors are still worried about the US decision to raise tariffs on Indian exports.
- GIFT Nifty shows mild positivity: The GIFT Nifty is slightly up, which hints that markets might open flat or just a little higher.
- Support from domestic investors: While foreign investors are selling, domestic institutions are stepping in with strong buying, helping markets stay stable.
- Lower volatility: India VIX (fear gauge) dropped, which means the market is likely to move in a narrow range today without big swings.
- RSI showing improvement: The RSI indicator suggests selling pressure is easing, so a short-term bounce is possible if positive news comes in.
Previous Close Snapshot: August 7
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 24,596.15 | +21.95 | +0.09% |
| Sensex | 80,623.26 | +79.27 | +0.10% |
Both benchmarks managed modest gains after recovering sharply from intraday lows, supported by late-session buying and optimism over potential geopolitical talks.
GIFT Nifty Indicates Flat-to-Positive Start
As of 9:15 a.m., the GIFT Nifty stood at 24,644, up 11 points (0.04%), signalling a flat start. The index moved within a narrow band of 24,633 to 24,658.50.
| Metric | Value |
|---|---|
| Last Price | 24,644.00 |
| Change | +11.00 (+0.04%) |
| Today’s Low | 24,633.00 |
| Today’s High | 24,658.50 |
| Open | 24,633.00 |
| Previous Close | 24,633.00 |
Institutional Flows: August 7
Trading data from the previous day showed a clear difference in institutional activity. Foreign Institutional Investors (FIIs/FPIs) were net sellers, pulling out ₹4,997.19 crore. Their total sales amounted to ₹15,564.97 crore, while their purchases were ₹10,567.78 crore. This selling pressure was cushioned by Domestic Institutional Investors (DIIs), who were strong net buyers with an inflow of ₹10,864.04 crore. DIIs bought shares worth ₹19,629.64 crore and sold ₹8,765.60 crore.
Technical Levels to Watch Today
- Primary Support: A critical pivot zone is holding strong at 24,500.
- Immediate Support: The level of 24,450 is seen as a key demand area, where any dips might attract new buying interest.
- Momentum Indicator: The RSI is near the 40 mark with a positive divergence, which suggests that selling pressure has eased.
- Volatility: The India VIX closed at 11.68, down by 2.28%, indicating that the market expects a period of range-bound trading.
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