Stock market today: Gift Nifty hints a gap-down start; eight day trading stocks to buy on Tuesday, 14 July

Indian markets are set for a gap-down open on Tuesday with Gift Nifty trading about 180 points lower around 24,062, tracking weak global cues led by an escalation in the US-Iran conflict and a sharp rally in crude oil. Brent crude surged about 9.6% in the previous session, the biggest single-day gain since May 2020, and is now trading around $85 per barrel. Adding to the cautious mood, India's retail inflation rose to 4.38% in June from 3.93% in May, above the RBI's 4% target, while the merchandise trade deficit widened to a five-month high of $30.43 billion.