New Delhi, Aug. 13 -- Indian markets continue to open in red as persistent pressure from mixed global signals and oil volatility weighs on investor sentiment. The BSE SENSEX stood at 77,872.84 points, down 93.51 points or 0.12 per cent, while the NSE NIFTY 50 stood at 24,364.30 points, losing 71.65 points or 0.29 per cent.

Despite the initial downturn, market analysts suggest that the broader structure remains resilient due to strong domestic liquidity and favorable macroeconomic indicators.

VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, said, "The market is likely to continue along the consolidation phase and sideways movements in the near-term. The tailwind for the market is the strong fundamentals coming f...