On Monday, August 4, the Indian stock market saw a strong recovery after two days of losses. Thanks to global positivity and a weaker US dollar, both Sensex and Nifty 50 ended higher.
- Sensex went up by 419 points (0.52%) to close at 81,018.72
- Nifty 50 increased by 157 points (0.64%) to end at 24,722.75
Mid and small-cap stocks performed even better.
- BSE Midcap rose by 1.11%
- BSE Smallcap gained 0.76%
Because of this rally, the total market value of all BSE-listed companies jumped by ₹4.5 lakh crore, from ₹444.5 lakh crore to nearly ₹449 lakh crore.
Read more: 10 New IPOs to Hit the Market Next Week — Full Subscription & Listing Schedule Inside
10 Key Highlights:
1. Why Did the Market Rise?
The rise was driven by:
- Hopes of a US interest rate cut in September due to weak job data in the US
- Fall in the US dollar, which boosted the Indian rupee and investor confidence
- Good auto sales figures and positive Q1 results of major companies
2. Top Gainers in Nifty 50
- Hero MotoCorp: +5.18%
- Tata Steel: +4.08%
- Adani Ports: +3.56%
3. Top Losers in Nifty 50
- Power Grid: -1.12%
- HDFC Bank: -0.88%
- ONGC: -0.70%
4. Sector Performance
- Nifty Metal jumped 2.48%, followed by Realty (+1.77%), Auto (+1.61%), IT (+1.60%), Media (+1.51%), and PSU Bank (+1.26%)
- Nifty Bank, Financial Services, and FMCG remained flat or slightly down
5. Most Active Stocks (by volume)
- Vodafone Idea, Jayaswal Neco Industries, and PC Jeweller were the most traded
6. 12 Stocks Jumped Over 15% on BSE
- Some of them were Hindustan Fluorocarbons, Neil Industries, and Roadstar Infra Investment Trust
7. Advance-Decline Ratio
- Out of 4,307 stocks traded, 2,295 rose, 1,834 fell, and 178 remained unchanged
8. 124 Stocks Hit 52-Week Highs
- Includes Bosch, HDFC AMC, and TVS Motor
9. 125 Stocks Hit 52-Week Lows
- Includes TCS, Ramkrishna Forgings, and Indian Energy Exchange
10. Nifty Technical Outlook
Experts say the market is showing signs of recovery after a short-term correction.
- Support levels: 24,500–24,550
- Resistance levels: 24,850–25,000
- Positive patterns: Bullish candles and RSI indicators suggest a possible upward movement
Note: This summary is for learning purposes. Always consult with a certified financial advisor before investing, as market trends can change quickly.
