The Sensex prediction for Friday, August 7 targets the psychological 79,000 level with 55% probability on SBI Q1 FY27 results confirming NIM recovery above 3%. As per Univest analysts, Sensex closed Thursday at approximately 78,690, gaining 109 points, only 310 points below 79,000. A 3-5% SBI surge contributes 130-180 Sensex points alone due to SBI's approximate 3.5% Sensex weight. Adding HDFC Bank recovery (+40-60 points at 2% move) and IT sector holding Thursday's gains (+20-30 points), the Sensex prediction for tomorrow has a credible path to 79,100-79,200 on strong SBI Q1 morning results. The Closing Auction Session mechanism introduced August 3 continues to structurally favour Sensex over Nifty, with Sensex gaining 152 points on Wednesday while Nifty added only 10 points.
SEBI-registered research analyst Kunal Bothra has recommended Reliance Industries (RIL) and Hindustan Aeronautics (HAL) as top stock picks for trading on August 7. According to reports from ET Now, Bothra has set a share price target of ₹1,355 for Reliance Industries and ₹5,250 for Hindustan Aeronautics. The analyst's recommendations come as the Indian stock market is expected to open flat following mixed global cues. Univest analysts have also flagged Reliance Industries for educational observation, setting a buy-on-dip zone of ₹1,272-1,280 and recommending entry above ₹1,290 with a stop loss at ₹1,268. The ₹1,298-1,315 range is identified as the first booking zone, with Kunal Singla recommending 50% booking at this level. Additionally, Tata Technologies and AIIL have been recommended by technical analysts citing breakout patterns, strong momentum, rising volumes and favourable technical indicators for further upside.
The Indian stock market is expected to start on a flat note on Friday (August 7) after ending the previous session on a positive note, as indicated by the GIFT Nifty. As reported by ET Now, the GIFT Nifty was trading steady at 24,650 as of 8:15 a.m. IST. The Nifty 50 settled at approximately 24,636 during Thursday's session, with the India VIX touching an intraday low of 10.80 - the calmest reading since Monday. This post-expiry session carries structurally lower intraday volatility than Thursday's expiry day, with the August monthly PCR for Nifty approximately 1.05-1.10 and max pain near 24,500-24,600. Univest analysts recommend support at 78,400-78,500 and targets of 79,000-79,200 for Friday's session.
According to ET Now reports, Nifty support stands at 24,000 and resistance at 24,700 for the current trading session. The technical levels provide key reference points for traders and investors as markets navigate mixed Asian market conditions. Univest analysts note that ₹1,272-1,280 serves as immediate support and ₹1,298-1,315 as primary resistance for Reliance Industries. The ₹1,228-1,238 range represents strong support and the ₹1,328-1,342 level is identified as key resistance for sustained bullish momentum. For Friday's session, bear case floor is 78,000-78,100 in case of SBI miss plus Kospi contagion scenario, while key support stands at 78,400-78,500. Despite Thursday's subdued session where Nifty ended nearly flat at 24,636 after trading within a narrow range of 24,604–24,677, analysts noted that the index continued to hold above its key moving averages on the daily chart, indicating that the broader bullish structure remains intact.
Asian markets showed mixed performance with South Korea's KOSPI falling 4.08% amid tech selloff concerns, while Japan's Nikkei 225 slipped over 1% to 64,961. According to ET Now reports, South Korea's KOSPI traded about 1.5% lower at 6,204.42, while Hong Kong's Hang Seng edged 0.2% lower to 25,468. However, China's Shanghai Composite rose 0.5% to 3,918.06, providing some positive momentum. The Dow Jones hit a record 54,349 on Wednesday night, providing a positive global backdrop for Friday's trading session. Univest analysts recommend monitoring Kospi's 4.08% fall and Brent at $79.28 (no Iran deal yet) as key variables to watch overnight before confirming the Sensex prediction for tomorrow base case.
On Thursday (August 6), the 30-share BSE Sensex gained 109 points, or 0.14%, to close at 78,690. As reported by ET Now, the NSE Nifty rose 11.35 points, or 0.05%, to settle at 24,636. The Nifty Bank index gained 240 points, or 0.41%, to close at 57,980, indicating positive momentum in the banking sector. Reliance Industries was Thursday's top Nifty 50 gainer, recovering 0.7% to ₹1,287 as three key catalysts converged: Airtel's ARPU of ₹261 validating Jio's ARPU recovery trajectory, O2C margin improvement at Brent below 80 US dollars, and Reliance Retail's structural growth. The Nifty Bank index gained 323.70 points, or 0.56% to close at 58,063.65, while Brent crude at ₹79.28 US dollars (up 1.1%) and gold at ₹4,356 US dollars (7-week high) provided positive commodity support. IT stocks led Thursday's session with TCS recovering toward ₹2,430-2,440 and HCL Technologies bouncing from Wednesday's -2.18% oversell.
