Indian markets opened on a cautious, range-bound note on Thursday, with the Nifty 50 hovering near 24,575 after Wednesday’s dip, as investors weighed a cooler-than-expected US inflation print against lingering geopolitical tensions in the Middle East. Here’s everything you need to know about markets this morning.
📈 Indian Stock Market Today
The Sensex closed the previous session at 77,966, down 0.24%, and Gift Nifty signalled a flat-to-cautious start on Thursday as domestic indices lacked a fresh trigger. The Nifty 50 was seen around the 24,575 mark in early trade. Sentiment got some support from firm overnight closes on Wall Street, which could lend strength to banking and cyclical stocks, even as IT counters stay under pressure. A key structural shift is playing out at the index level too: Wipro is set to exit the Nifty 50, with BSE stepping in — a reflection of how AI-linked disruption worries have hit investor appetite for IT majors through 2026.
₿ Crypto Market Update
Bitcoin held near $64,200 (about ₹61.2 lakh) in early Thursday trade, extending its climb after breaking past $65,000 earlier in the week, as traders positioned ahead of US inflation data. Ethereum traded around $1,915 (roughly ₹1.83 lakh), up about 1.4% over 24 hours and nearly 3% for the week. The broader crypto complex firmed up after Wednesday’s US CPI report matched expectations, easing worries about aggressive Fed rate action and encouraging risk-on flows into digital assets.
💰 Today’s Key Rates at a Glance
| Asset | Price | Change |
|---|---|---|
| Nifty 50 | ~24,575 | Flat/range-bound open |
| Sensex | 77,966 (prior close) | -0.24% |
| Bitcoin (BTC) | ₹61.2L / $64,194 | Firm, near $65K high |
| Ethereum (ETH) | ₹1.83L / $1,915 | +1.4% (24hr) |
| Gold (10g, 24K) | ₹1,54,700 | Near record levels |
| Silver (1kg) | ₹2,55,000 | Steady |
| USD/INR | ₹95.34 | Flat |
| Crude Oil (Brent) | $87.92/bbl | -1.19% |
📰 Top 5 Financial News Stories This Morning
- Wipro exits Nifty 50, BSE steps in. The index reshuffle underscores waning investor confidence in legacy IT names as AI-led disruption concerns weigh on the sector; the combined weight of top IT companies in the Nifty 50 has fallen sharply through 2026, a trend investors should track when reviewing sector allocation.
- India’s FY26 GDP growth confirmed at 7.7%. The Indian economy expanded 7.7% in financial year 2025-26, reinforcing India’s position as one of the fastest-growing major economies and supporting the case for continued domestic institutional buying.
- Milky Mist Dairy Food IPO subscription closes today. The ₹1,553-crore issue, priced in a band of ₹133-140 per share, wraps up its subscription window on August 13 — a final call for investors eyeing allotment in this FMCG/dairy play.
- TCS opens ninth Gemini Experience Center with Google Cloud. The new Latin America centre highlights TCS’s continued push into AI-enabled enterprise services, a theme likely to keep influencing IT sector narratives even as peers struggle.
- Smallcap mutual fund holdings retreat sharply. MF holdings declined across 83 BSE smallcap stocks in June 2026 after two quarters of accumulation, with names like Inox Wind, KEC International, Latent View Analytics and Afcons Infrastructure seeing 20%+ declines — a caution flag for retail investors chasing smallcap momentum.
🔍 What to Watch Today
Keep an eye on the Milky Mist Dairy Food IPO allotment process following today’s subscription close, and on crude oil prices as US-Iran tensions over the Strait of Hormuz continue to inject volatility into the energy market. FII/DII flows remain in focus after DIIs turned modest net buyers (₹24.80 crore) and FIIs added ₹259 crore in cash on August 11, even as FIIs hold a large net-short index-futures position — a divergence worth monitoring for cues on near-term market direction.
Data sourced from live market feeds. Last updated: 8:00 AM IST, 13 August 2026. This is for informational purposes only and not investment advice.
