Sensex and Nifty News: Indices Snap Two-Day Losing Streak with Modest Gains

Market Performance

On August 7, Indian stock markets reversed a two-day losing trend as the Sensex and Nifty ended marginally higher, driven by late-session buying and improved investor sentiment.

• Sensex closed at 80,623.26, up 79.27 points or 0.10%
• Nifty 50 settled at 24,596.15, rising 21.95 points or 0.09%
• BSE Midcap index gained 0.30%
• BSE Smallcap index declined 0.18%

This modest rebound in Sensex and Nifty News came despite global trade tensions, offering relief to investors ahead of the weekend.

Main News: What Drove the Market Recovery

The Indian markets opened weak, dragged by concerns over higher US tariffs, but staged a strong recovery by the end of the session. Here are the five major factors behind this sharp intraday turnaround:

• Hopes of a Softer US Stance on Trade
  • News of an upcoming Trump-Putin meeting raised hopes of a diplomatic breakthrough.
  • This revived optimism led to renewed buying in auto, pharma, metals, and energy sectors.
• Talks on Further Trade Negotiations
  • While US tariffs rose to 50%, investors found comfort in reports suggesting potential India–US trade talks.
• Global Market Support
  • Asian indices like Nikkei 225, Kospi, Hang Seng, and Shanghai Composite posted gains.
  • Positive cues from Wall Street futures also buoyed domestic sentiment.
• Rupee Appreciation
  • The Indian Rupee gained 5 paise to settle at 87.67 against the US dollar.
  • Gains were supported by steady foreign inflows and a softening Dollar Index.
• Value Buying at Lower Levels
  • Investors took the opportunity to buy quality stocks at dips.
  • This led to a broad-based recovery, especially in auto, IT, and pharma shares.

Company Details: Key Performers in Focus

Top Gainers in Nifty 50

• Hero MotoCorp surged 4.27%
• Tech Mahindra gained 1.99%
• JSW Steel added 1.94%

Other notable gainers included HCL Tech, Tata Steel, Axis Bank, and Asian Paints.

Top Losers in Nifty 50

• Adani Enterprises fell 2.36%
• Adani Ports dropped 1.43%
• Grasim Industries slipped 0.86%

Sectoral Highlights

• Gained:
  • Media (+0.99%)
  • IT (+0.87%)
  • Pharma (+0.75%)
  • Nifty Bank (+0.20%)
  • Financial Services (+0.12%)
• Declined:
  • Oil & Gas (-0.19%)
  • Realty (-0.13%)

Most Active Stocks by Volume (NSE)

• Eternal – 39.15 crore shares
• Vodafone Idea – 28.18 crore shares
• Suzlon – 7.55 crore shares

Stocks Hitting 52-Week Highs

• 111 stocks touched their yearly highs, including:
  • JSW Steel
  • TVS Motor Company
  • Delhivery
  • Godfrey Phillips India
  • Fortis Healthcare

Stocks Hitting 52-Week Lows

• 161 stocks hit yearly lows such as:
  • Cohance Lifesciences
  • Five-Star Business Finance
  • IEX
  • Ratnamani Metals & Tubes
  • Tejas Networks

Advance-Decline Ratio

• Total traded stocks on BSE: 4,191
• Advancing stocks: 1,844
• Declining stocks: 2,193
• Unchanged: 154

BSE Highlights

• 7 stocks surged over 15%, including:
  • NSDL
  • Pecos Hotels and Pubs
  • Pioneer Investcorp

Summary of the Article

The Sensex and Nifty News highlight a cautious yet hopeful trading session on August 7. Despite a weak opening amid escalating trade tensions, the indices rebounded smartly on hopes of diplomatic talks, positive global cues, and value-based buying in key sectors.

• Sensex gained 79 points, closing at 80,623.26
• Nifty 50 rose 22 points, ending at 24,596.15
• Gains in auto, IT, pharma, and metals drove the late rally
• Over 111 stocks hit 52-week highs, signaling underlying market strength

As India navigates global uncertainties, the latest movement in Sensex and Nifty News reflects investor resilience backed by hopes of strategic negotiations and stable economic fundamentals.