Bulls staged a strong comeback on August 11, with benchmark indices Sensex and Nifty climbing nearly a percent each, driven by robust buying in PSU banking, realty, and auto stocks. The rebound came as investors shook off last week’s tariff-induced volatility, which had pushed the Nifty to a three-month low and resulted in the index’s longest weekly losing streak in five years.
At close, the Sensex was up 746.29 points or 0.93 percent at 80,604.08, and the Nifty was up 221.75 points or 0.91 percent at 24,585.05. About 2136 shares advanced, 1867 shares declined, and 161 shares unchanged.
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The rally was broad-based, with all sectoral indices ending in the green except for Nifty Consumer Durables, which slipped on the back of lacklustre June quarter earnings from PG Electroplast, Amber Enterprises, and Voltas.
PSU banks were in the spotlight as State Bank of India (SBI) led the charge after posting a June quarter profit that beat Street estimates. The strong performance prompted brokerages to stay bullish on the stock, with consensus estimates pointing to over 20 percent potential upside, citing stable asset quality, healthy loan growth, and a positive domestic margin outlook for FY26.
In the auto pack, Tata Motors surged despite a muted Q1 performance, as investors cheered the management’s confidence in a US-UK trade deal mitigating potential headwinds for JLR sales. The company also guided for a pickup in domestic demand across segments in the coming quarters.
Beyond stock-specific action, July mutual fund data from AMFI underscored strong retail participation, with SIP contributions hitting a record Rs 28,464 crore — the second consecutive month of all-time high flows. Market experts see this as a sign of resilient investor sentiment despite global and domestic uncertainties.
A Balasubramanian, MD & CEO of Aditya Birla Sun Life said that investors should continue their SIPs even during uncertain times to build wealth for longer-time horizon.
“Interest rates today are very low. A savings account gives 2–2.5 percent, going up to 6 percent depending on the bank. Deposit rates have dropped sharply, bond markets are at 6–6.5 percent, but equities as an asset class still offer better returns in comparison,” he told Moneycontrol.
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