Nifty 50, Sensex prediction today: Check how Indian stock market is expected to trade on 8 July

Indian benchmark indices Sensex and Nifty 50 are likely to open lower on Wednesday, tracking weakness in global markets amid escalating US-Iran tensions and rising crude oil prices. Gift Nifty was trading around 24,225, a discount of nearly 234 points from the Nifty futures previous close. On Tuesday, Sensex closed 104.35 points lower at 78,180.72 and Nifty 50 settled 31.65 points lower at 24,398.70, with both forming bearish candles on daily charts and indicating possible further consolidation.