Buy or sell: Gift Nifty signals gap-down start, Vaishali Parekh recommends three stocks to buy today — 23 July 2026
The Indian stock market is set for a weaker opening as Gift Nifty indicates a gap-down start, driven by rising global oil prices amid escalating tensions in the Middle East. The conflict, highlighted by attacks on Saudi oil tankers, has pushed WTI crude toward $88 a barrel and Brent above $95, raising concerns about inflation and energy supply disruptions. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, noted that the Nifty 50 index faces crucial support at 23,800, which must be maintained to preserve market sentiment.