Loading page content
Loading page content
Primary economy: India economic indicators

Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.
Sigmacast expected range · 7–28-day calibrated zone
^NSEI's band is still building its audit record. Sigmacast's calibrated band is sized from realized volatility and graded against every terminal close as its audit record builds. Horizon grades appear as each one's history matures — current status is below.
Market-data read
^NSEI reads range-bound — no clean directional character at any horizon (ER 0.67 / 0.22 / 0.19). Recent action is directionless chop rather than a trend. Term-structure band: ±0.9% / ±1.4% / ±2.1% (7/14/28d).
Nested 60 / 80 / 95 calibrated expected-range · centered on current price (gold tick)
Macro correlations · context (not confirmation)
8 correlated indicators
Observed historical correlations, not forward signals.
Positively correlated: Passenger Vehicles Sales YoY (r=+0.73), Inflation Rate MoM (r=+0.69), WPI Fuel YoY (r=+0.62), WPI Manufacturing YoY (r=+0.59), WPI Inflation YoY (r=+0.50)
Inversely correlated: CPI (r=-0.79), WPI Food YoY (r=-0.50), HSBC Composite PMI (r=-0.43)
As of August 7, 2026, ^NSEI is trading at 24570.65. Our multi-model Sigmanomics forecast for this index generates expected price ranges (magnitude, not direction) across 7-day, 14-day, and 28-day horizons, each with a recent-path character readout. Based on ensemble models including SIGMACAST, Σ-Adaptive, and Σ-Trend with model-agreement confidence bands. Updated daily.
Forecast data unavailable for this horizon.
Forecasts generated by Sigmanomics engine. Not financial advice.
Market-data read
The NIFTY 50 (^NSEI) is a market index covered by the Sigmanomics analytics platform. The ^NSEI index closed at 24,557.00 on August 7, 2026, reflecting a decline of 0.32% from the previous close of 24,636.00.
Over the past 30 days, the index has experienced a modest uptrend with a rally of 2.38%, ranging between 23,606.30 and 24,673.75. The price currently trades above its 20-day moving average of 24,237.08. The 14-day RSI stands at 61.4, in the upper part of its range.
Over the same 30-day window, daily-return volatility was 0.64%, reflecting subdued price variability for this index.
Daily-return volatility of 0.64% is subdued for this index, leaving recent ranges compressed — watch for a decisive break of the band as the more telling development. ^NSEI is currently trading 1.32% above its 20-day moving average. Its 14-day RSI reads 61.4, currently in neutral territory.
Auto-generated from Sigmanomics market data. Last update Aug 2026.
Sigmacast forecasts span six horizons — 30-minute, 1-hour, 2-hour, 4-hour, 12-hour, and daily — refreshed continuously as new bars arrive.