Nifty 50, Sensex prediction today: Check how Indian stock market is expected to trade on 16 July

Indian benchmark indices are expected to open steady on Thursday, tracking mixed global cues amid caution over ongoing US-Iran tensions. Gift Nifty was trading around 24,080, about 12 points premium to the previous futures close. On Wednesday, the Sensex gained 130.49 points (0.17%) to close at 77,185.43, the Nifty 50 rose 26.45 points (0.11%) to 24,078.50, and Bank Nifty added 295.55 points (0.51%) to settle at 57,757.85, with technical analysts flagging indecisiveness and a narrow 24,000-24,200 range for Nifty.