On August 5, Indian markets are set for a rough start, with the GIFT Nifty indicating a gap down of over 300 points for the Sensex and Nifty 50.
The Nifty had already faced a sharp correction, falling from 25,000 to near 24,700 last Friday. This decline was driven by weak global cues, geopolitical tensions, and a sell-off in US markets after disappointing non-farm payrolls data. The spike in the India Volatility Index, which surged 10% to around 15, highlights market jitters. Investors should brace for further volatility as global uncertainties weigh on domestic indices.