Market Performance
On August 4, Indian benchmark indices made a strong comeback as Sensex rose by 419 points (0.52%) to 81,018.72, and Nifty 50 climbed 157 points (0.64%) to close at 24,722.75. The recovery helped break a two-day losing streak, aided by broad-based buying and positive global cues.
- BSE Midcap Index: Gained 1.11%
- BSE Smallcap Index: Rose 0.76%
- Market Capitalisation: Jumped from ₹444.5 lakh crore to nearly ₹449 lakh crore
- Investor Wealth Addition: Around ₹4.5 lakh crore in a single session
The Indian stock market benefited from a weaker US dollar and softer-than-expected US jobs data, which further supported buying momentum.
Main News
Broad Market Rally
Market sentiment improved sharply due to global factors including:
- US Dollar Index fell over 0.5%
- Indian Rupee appreciated by a similar margin
- Weaker US Nonfarm Payrolls Data: Only 73,000 jobs added in July vs forecast of 1,10,000
This contributed to speculation of a possible interest rate cut by the US Federal Reserve, prompting a surge in investor optimism.
India VIX Movement
- India VIX, the volatility index, declined nearly 1%, suggesting reduced market panic in the near term.
Company Details
Top Gainers (Nifty 50)
- Hero MotoCorp: +5.18%
- Tata Steel: +4.08%
- Adani Ports: +3.56%
Top Losers (Nifty 50)
- Power Grid Corporation: -1.12%
- HDFC Bank: -0.88%
- ONGC: -0.70%
Sectoral Performance
- Nifty Metal: +2.48%
- Nifty Realty: +1.77%
- Auto Sector: +1.61%
- IT Index: +1.60%
- Media Index: +1.51%
- Consumer Durables: +1.37%
- PSU Bank: +1.26%
- FMCG: -0.10% (Only sector to end in red due to profit booking)
Hero MotoCorp Update
- July Sales: 4.5 lakh units (+21% YoY)
- Motorcycle Sales: 4 lakh units (+18% YoY)
- Scooter Sales: 49,140 units (+64% YoY)
Tata Steel
- Stock surged on strong June quarter results
Most Active Stocks by Volume (NSE)
- Vodafone Idea: 41.32 crore shares
- Jayaswal Neco Industries: 13.14 crore shares
- PC Jeweller: 12.12 crore shares
High Movers on BSE
- 12 stocks jumped over 15%, including:
Stocks at 52-Week Highs and Lows
- 52-Week Highs: 124 stocks including Bosch, HDFC AMC, TVS Motor
- 52-Week Lows: 125 stocks including TCS, Ramkrishna Forgings, IEX
Advance-Decline Ratio
- Total Traded (BSE): 4,307 stocks
- Advances: 2,295
- Declines: 1,834
- Unchanged: 178
Summary
The Sensex and Nifty news on August 4 reflected a solid rebound across the broader markets. With a 400+ point surge in Sensex and strong gains across most sectors, the Indian equity market recaptured positive momentum. The rally was powered by favorable global signals, a weaker US dollar, and upbeat investor sentiment in auto, metal, and banking stocks.
Notably, investors saw a massive wealth addition of ₹4.5 lakh crore in a single trading session. The market breadth remained positive, with a majority of stocks advancing, marking a strong start to the week for Indian equities.
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