Afternoon Update: Nifty 24,561 | BTC ₹61.3L | Gold ₹1.49L | 7 Aug 2026

With crude oil spiking on Mideast risk and Bajaj Finance dragging financials lower, Nifty 50 has slipped to 24,561 and Sensex is down over 430 points in a jittery afternoon session, even as Bitcoin holds near $64,400 and gold keeps climbing on safe-haven demand. Here’s your 2 PM markets update.

📈 Afternoon Session: Market Snapshot

Benchmark indices opened weak and stayed under pressure through the afternoon. Sensex dropped as much as 438 points to open at 78,516 and was last trading around 78,522, down roughly 0.55% on the day. Nifty 50 shed close to 97 points at the open and was trading near 24,561 by midday, down about 0.3%. Rising crude oil prices — Brent surged over 4% to around $82.8 a barrel this week on Mideast geopolitical tension — along with weak global cues drove the risk-off tone. Bajaj Finance and Bajaj Finserv led the fall, together contributing close to 400 points of Sensex’s decline. Broader markets bucked the trend: the BSE Midcap Select Index and Smallcap Select Index both edged into positive territory, suggesting the selling is concentrated in a handful of large caps rather than broad-based panic.

₿ Crypto at 2 PM — Live Prices

Bitcoin is trading near $64,374 (about ₹61.3 lakh), down roughly 0.25% over 24 hours, while Ethereum sits around $1,914 (about ₹1.81 lakh), with the broader crypto market down about 0.5% and a total market cap of $2.28 trillion. The Fear & Greed Index has ticked up from 25 (“Extreme Fear”) to 29 (“Fear”), a mild improvement in sentiment. On the regulatory front, the US Senate has targeted today, August 7, as the date for releasing the final draft of the Clarity Act, with crypto platform regulation and ethics provisions still the key sticking points to watch.

💰 Live Rates — 2 PM IST

📰 Top 5 Financial News Stories of the Day

1. Sensex, Nifty tumble as crude oil gains on Mideast risk — Both benchmarks opened sharply lower and stayed in the red through the session as Brent crude’s sharp rally raised concerns about India’s import bill and inflation outlook, pressuring rate-sensitive and oil-linked sectors.
2. Bajaj Finance, Bajaj Finserv lead 400-point Sensex slide — The two financial heavyweights accounted for the bulk of today’s index decline, dragging the broader financial services pack lower even as midcaps and smallcaps stayed resilient.
3. FIIs sell for a second straight session, DIIs cushion the blow — Foreign institutional investors remained net sellers, offloading equities worth roughly ₹17.86 crore on August 5, while domestic institutions bought a much larger ₹4,013.60 crore, continuing to absorb foreign outflows and limit downside.
4. Clarity Act final draft targeted for today in the US Senate — Lawmakers are aiming to release the final version of the crypto market-structure bill today, with unresolved ethics provisions and platform-regulation language still the main hurdles; the outcome could move sentiment across major tokens.
5. Gold and silver extend gains on safe-haven demand — Bullion prices firmed further across Indian cities, supported by strong global cues and the same geopolitical and crude-oil-driven risk-off mood that hit equities, with 24K gold now above ₹1.49 lakh per 10 grams.

🌐 Global Markets & Tomorrow’s Outlook

Weak global cues and the Brent crude spike — tied to ongoing Hormuz-related negotiations and broader Mideast tensions — remain the dominant overhang heading into the weekend. Investors will watch for any de-escalation headlines and further clarity on the US Senate’s Clarity Act draft, both of which could swing sentiment sharply in either direction. With FIIs still net sellers and oil prices elevated, Indian markets may open Monday cautious unless crude retreats or global risk appetite improves over the weekend.

Data sourced from live market feeds. Last updated: 2:00 PM IST, August 7, 2026. This is for informational purposes only and not investment advice.

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