Sensex surges 400 pts, Nifty snaps 2-day losing streak to reclaim 24,700

Nifty jumps 157 pts to reclaim 24,700

Indian benchmark indices Sensex and Nifty snapped two-day losing streak and ended on a positive note on August 4. Broader markets also supported the rebound, with both mid and smallcap indices surging over a percent each.

At close, the Sensex was up 418.81 points or 0.52 percent at 81,018.72, and the Nifty was up 157.40 points or 0.64 percent at 24,722.75. About 2049 shares advanced, 1607 shares declined, and 152 shares unchanged.

Catch all the market action on our LIVE blog

India VIX, which measures near-term volatility cooled off by nearly a percent, showing that there is no immediate near-term panic in markets.

Barring FMCG which saw profit-booking after last week's stellar run-up, all the sectors ended the day in the green. The rally was led by metal, banking, and IT indices as weaker-than-expected US jobs data softened dollar and bolstered prospects of Federal Reserve rate cut in September.

Auto stocks also rejoiced in trade as strong July sales and Q1 earnings boosted investor sentiment. Hero MotoCorp shares were the top gainer on the index, after the company  said that it sold 4.5 lakh units in July 2025, marking a 21 percent rise from the same period last year. Its motorcycle sales grew nearly 18 percent on-year to 4 lakh units, while scooter sales rose more than 64 percent on-year to 49,140 units.

Tata Steel was another top gainer on the benchmark Nifty on the back of strong June quarterly results and brokerages reiterating their bullish stance on the steelmaker.

Going ahead, any development related to tariff negotiation’s outcome would dictate the further course of action, believe market experts.

Analysts at ICICI Securities said that any positive outcome on the tariff negotiation front would help Nifty to recover past couple of weeks lost ground to head towards psychological mark of 25,000 in coming weeks.

"On the structural front, we are in a secular bull market, wherein intermediate corrections due to Global as well as domestic uncertainties have offered incremental buying opportunity from medium term perspective. Hence, we advise investors not to panic in current tariff led volatility, instead capitalise current corrective phase to build quality portfolio backed by strong earnings in a staggered manner," they added.