{"id":189289,"date":"2026-08-06T16:52:09","date_gmt":"2026-08-06T11:22:09","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=189289"},"modified":"2026-08-06T16:52:11","modified_gmt":"2026-08-06T11:22:11","slug":"nifty-oil-gas-prediction-for-tomorrow-07-august-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/nifty-oil-gas-prediction-for-tomorrow-07-august-2026\/","title":{"rendered":"Nifty oil and gas Prediction for Tomorrow, Friday 7 August 2026: Index at 12,540 Holds Near Flat as Crude Bounce and SBI Q1 Mix Creates Uncertainty"},"content":{"rendered":"
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Nifty oil and gas\u00a0Thu: 12,540 (+0.04%). Range: 12,468-12,600. Support 12,405-12,435. Resistance 12,658-12,712. SBI Q1 Fri. Brent $79.28.<\/em><\/p>\n

The Nifty Oil and Gas prediction for tomorrow<\/strong> for Friday 7 August 2026 is framed by Thursday’s weekly options expiry session where Nifty 50<\/a> settled at approximately 24,617 (flat), India VIX touched an intraday low of 10.80 (the calmest reading since Monday), Bank Nifty<\/a> recovered 240 points to approximately 57,980 and Sensex<\/a> gained 109 points to approximately 78,690 as IT stocks reversed Wednesday’s decline and Reliance Industries<\/a> led the session. Brent crude at 79.28 US dollars (up 1.1 percent on Thursday, no formal Iran deal confirmed) and gold at 4,356 US dollars (7-week high on Strait of Hormuz reopening optimism) are the key commodity markers for the Nifty Oil and Gas prediction for tomorrow. The Dow Jones hit a record 54,349 on Wednesday night, providing a positive global backdrop, though South Korea’s Kospi fell 4.08 percent Thursday \u2014 the primary overnight risk for the Nifty Oil and Gas prediction for tomorrow. Nifty Oil and Gas was approximately flat Thursday (+0.04 percent) to 12,540 as the 1.1 percent Brent crude bounce to 79.28 US dollars created mixed signals: ONGC recovered as higher crude improves Q2 realization expectations, while BPCL slipped as higher crude reduces refining margins. The Nifty Oil and Gas prediction for tomorrow is range-bound: crude direction remains the primary variable and the Iran deal overnight uncertainty makes Thursday’s Rs 12,540 level the Nifty Oil and Gas prediction for tomorrow’s neutral baseline. The Nifty Oil and Gas prediction for tomorrow is shaped above all by SBI Q1 FY27 results, with the board meeting confirmed for Friday August 7: NIM recovery above 3 percent (from Q4 FY26’s 2.93 percent) is the week’s most critical financial metric. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, present the complete Nifty Oil and Gas prediction for tomorrow.<\/p>\n

Click Here – Get Free Investment Predictions<\/strong><\/a><\/p>\n

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