Market Update

The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Thursday, 13 August, amid mixed global cues and continued concerns over elevated crude oil prices. The Gift Nifty also pointed to a weak start for the domestic market. It was trading around 24,446.5, indicating a 24-point premium over the previous close of Nifty futures. On Wednesday, Indian equities ended in negative territory, with the Nifty 50 closing below the 24,500 mark. The Sensex declined 187.90 points, or 0.24%, to 77,966.35, while the Nifty 50 fell 35.75 points, or 0.15%, to settle at 24,435.95.