Experts suggested that given the event-driven nature of the today's session, volatility is expected to remain high, and traders should closely monitor key levels.
Biggest Nifty losers were Wipro, Sun Pharma, Jio Financial, IndusInd Bank, Tech Mahindra, while gainers included Asian Paints, HDFC Life, Trent, Adani Ports and Bharat Electronics.
Infosys, Adani Enterprises, Adani Ports, Reliance Industries, ICICI Bank were among top losers on the Nifty, while gainers were Titan Company, Maruti Suzuki, SBI Life, Trent, IndusInd Bank.
Volatility eased slightly, with India VIX down 1.09 percent at 11.84.
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 1,01,133 per 10 grams today.
Laggards on the Nifty index included Infosys, Asian Paints, Adani Ports, Reliance Industries, and Bharat Electronics.
Laggards on the Nifty included Bharat Electronics, Infosys, Reliance Industries, HDFC Bank, and Tata Consumer Products.
Indian benchmark indices Sensex and Nifty snapped their two-day losing streak and ended on a positive note on August 4.
Among sectors, auto index up 0.4 percent, while bank, IT, oil & gas, FMCG, pharma down 0.5 percent each. BSE Midcap and smallcap indices ended with marginal losses. Infosys, Adani Enterprises, Adani Ports, Reliance Industries, ICICI Bank were among top losers on the NSE, while gainers were Titan Company, Maruti Suzuki, SBI Life, Trent, IndusInd Bank.
All the other sectoral indices ended in the green with PSU Bank, pharma, realty, IT, metal, telecom, media, consumer durables, auto up 0.5-2.5 percent.
Indian equities bounced back smartly after two days of losses, with the Nifty closing above 24,700. Cooling US jobs data revived rate-cut hopes, lifting sentiment across sectors. Analysts say tariff negotiation outcomes will steer the next leg of market direction.
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 99,999 per 10 grams today.
Indian equities rebounded on August 4, snapping a two-day losing streak, led by gains in auto and metal stocks. The broader market saw renewed buying interest amid global cues pointing to a potential US rate cut
Investors will closely watch the upcoming RBI rate decision this week, along with any updates on trade talks with the US and the ongoing earnings season.
Benchmark equity indices Nifty 50 and Sensex may open the trading week with some gains, as indicated by the GIFT Nifty index.
Biggest Nifty gainers Hero MotoCorp, Tata Steel, Bharat Electronics, Adani Ports, JSW Steel, while losers were Power Grid Corp, HDFC Bank, ONGC, ICICI Bank, Apollo Hospitals. All the other sectoral indices ended in the green with PSU Bank, pharma, realty, IT, metal, telecom, media, consumer durables, auto up 0.5-2.5 percent. The BSE midcap index rose 1 percent and smallcap index added 0.7 percent.
With a relatively light economic calendar next week, investors will turn their attention to upcoming speeches from several Federal Reserve officials for any shift in future policy outlook especially after Friday’s weak jobs data shook confidence in the Fed’s “solid” labour market narrative.
Tracking weak global cues, the indices had opened lower but recovered, however, a mid-session profit booking and extended selloff in the final hour dragged Nifty below 24,550, ending near day's low.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 98,702 per 10 grams today.
Major global brokerages expect a modest impact on India’s GDP from the recently announced US tariff, with Goldman Sachs estimating a 30 bps hit on growth in 2025.
Laggards on the Nifty included Dr Reddy's, Sun Pharma, Cipla, Tata Steel, and ONGC.
India VIX rose for a second session in a row to edge towards level 12. Despite significant negative cues, volatility stayed below the psychological 13 mark, suggesting that there is no panic or broad-based liquidation in the market.
Dalal Street saw a choppy session in trade as investors weighed the impact of U.S. President Donald Trump imposing a 25 percent tariff and penalty on India.
Biggest Nifty losers were Sun Pharma, Dr Reddy's Labs, Adani Enterprises, Tata Steel, Cipla, while gainers included Trent, Asian Paints, Hero MotoCorp, HUL, Nestle. Except FMCG, all other sectoral indices ended in the red with auto, realty, pharma, IT, metal, oil & gas, PSU Bank, telecom down 0.5-2 percent. The BSE midcap index fell 1.3 percent and smallcap index shed 1.6 percent.
The rupee could risk a fall below its all-time low of 87.95 if there are no positive developments around U.S.-India trade negotiations, traders said.
