AI summary
Nifty 50 surged 1.6% to 24,774, with Sensex gaining 0.7% as foreign portfolio investors returned and crude oil prices softened.
IT stocks led the rally with a 3.28% sector gain, while banking shares climbed 1.72% ahead of the RBI's three-day Monetary Policy meeting starting today.
Gold rose ₹1,940 per 10g and the rupee strengthened slightly as investors positioned ahead of the central bank's decision on interest rates.
Muthoot Finance crashed 14% post-Q1 results citing margin pressure, while GAIL fell 5% despite doubling profit, showing selective profit-taking in pockets.
Nifty 50
24,774
+1.6%
More details
Open24,573
High24,774
Low24,515
Prev close24,384
52W high26,373
52W low22,183
Sensex
78,639
+0.7%
Bank Nifty
58,248
+1.72%
Sensex
78,639
+0.7%
Bank Nifty
58,248
+1.72%
🐂
Mood
Greedy
91/100 health
BearBull
FII / DII
FII net+Rs 277 Cr
DII net+Rs 2,260 Cr
Net flow+Rs 2,537 Cr
Market stats
Advances20
Declines6
VolumeRs 15,416 Cr
VIX11.93 — Low -- calm
7-session trend
5 green in last 7
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Now
Markets are in a buoyant mood (health score 91) driven by FPI inflows, softer crude oil easing inflation fears, and optimism around the RBI's upcoming policy review that may signal rate stability or potential easing.
Gainers
GRASIM+5.13%
TCS+4.57%
INDIGO+4.43%
Losers
APOLLOHOSP-1.53%
SUNPHARMA-1.36%
MARUTI-0.59%
Show top 10 each
INFY+4.42%
SHRIRAMFIN+4.16%
AXISBANK+3.46%
BAJAJFINSV+3.3%
BAJAJ-AUTO+2.91%
TMPV+2.81%
DRREDDY+2.78%
ONGC-0.22%
TECHM-0.14%
BHARTIARTL-0.08%
ICICIBANK1.71%
LT2.19%
HCLTECH2.23%
ASIANPAINT2.28%
Sectors
IT
+3.28%
Banking
+1.72%
Pharma
+0.48%
Commodities & currency
Gold /10g MCX
Rs 144,747+1.36%
Silver /kg MCX
Rs 204,700+0.78%
USD/INR
95.39-0.3%
Today's events
RBI Monetary Policy Committee begins three-day meeting (3–5 August) to decide on interest rates amid inflation and growth considerations.
August 3, 2024 • RBI MPC
Muthoot Finance shares crash 14% post Q1 results as analysts flag margin pressure and profitability concerns.
Market close • Earnings
Softer crude oil prices support market rally and ease inflation pressures on the Indian economy.
Throughout session • Commodities
Up next
RBI MPC Day 2: Policy Deliberations Continue
— August 4, 2024
The RBI's Monetary Policy Committee continues its review of domestic inflation, liquidity conditions, and growth trends. Markets will monitor any signals regarding the central bank's stance on interest rates and future easing possibilities.
Yieldora insight
RBI Policy Week Ahead: Lock in Fixed Deposit Rates Before Any Rate Cuts
With the RBI's Monetary Policy Committee meeting through August 5, markets are pricing in the possibility of rate cuts if inflation cools further. Fixed deposit rates are currently attractive at elevated levels. If the RBI signals an easing cycle, FD rates may fall in the coming months. Investors holding cash or looking to park short-term funds should consider locking in current FD rates before potential cuts are announced.
14%
Avg 12m return after similar dips
61%
Times market recovered within 6 months
6.1%
Below 52-week high right now
Based on Nifty 50 data 2010-2024. Past returns don't guarantee future results. Not investment advice.
Read the full 2-minute analysis
Why stocks moved, sector news, top headlines
Expand
Why stocks moved
Top Gainers
GRASIM (+5.13%)
Grasim led gainers with a 5.13% jump, likely benefiting from broader market optimism and potential tailwinds in the cement and chemicals sectors amid softer commodity prices.
- Softer crude oil and commodity prices reduce input costs for diversified conglomerates
- Positive sentiment around the RBI's upcoming policy decision lifts capital-intensive sectors
TCS (+4.57%)
TCS gained 4.57% as IT stocks surged 3.28% on the day, driven by FPI inflows and positive global sentiment ahead of the RBI policy clarity.
- IT sector outperformance reflects FPI buying and stable global tech demand outlook
- Rupee strength relative to the dollar can boost IT service export valuations
INDIGO (+4.43%)
IndiGo climbed 4.43% as softer crude oil prices reduce aviation fuel costs, improving margins for the airline sector.
- Lower jet fuel prices directly expand airline operating margins and profitability
- Broader market rally and FPI inflows support cyclical sectors like aviation
Top Losers
APOLLOHOSP (-1.53%)
Apollo Hospitals declined 1.53%, reflecting selective profit-taking in healthcare despite overall market gains and possible concerns about margin pressure.
- Pharma and healthcare sector showed modest 0.48% gain, indicating defensive positioning
- Profit-taking after recent gains and potential cost-inflation concerns in the healthcare sector
SUNPHARMA (-1.36%)
Sun Pharma fell 1.36% as the broader pharma sector gained only 0.48%, suggesting selective weakness despite the positive market day.
- Pharma sector lagging overall market gains indicates investor caution on valuations
- Potential concerns over regulatory headwinds or competitive pressures in the generic segment
MARUTI (-0.59%)
Maruti slipped 0.59% despite the broader market rally, possibly due to profit-taking in auto stocks and ongoing concerns about demand recovery.
- Auto sector facing headwinds from potential rate cuts reducing financing demand
- Selective profit-taking in cyclical stocks as investors rotate to IT and banking
Sector news
Gaining Sectors
IT (+3.28%) Read article
IT sector surged 3.28%, outperforming the market as FPI inflows resumed and the rupee strength supports software export valuations ahead of policy clarity.
- Foreign portfolio investors returned as buyers, with IT being a preferred sector for FPIs
- Stable global growth expectations and positive global tech sentiment drive IT demand
Banking (+1.72%) Read article
Banking shares gained 1.72% with PSU banks advancing for a fourth consecutive day, driven by hopes of stable or lower rates ahead of the RBI decision and strong FII buying.
- RBI's three-day MPC meeting supports banking sector optimism on potential rate stability
- PSU banks benefit from FPI inflows and improved liquidity conditions in the market
Pharma (+0.48%)
Pharma sector showed modest gains of 0.48%, suggesting cautious sentiment despite the overall market strength, with some profit-taking in key names like Sun Pharma and Apollo Hospitals.
- Defensive sector positioning as investors rotate toward IT and banking on policy optimism
- Selective weakness in pharma stems from valuation concerns and potential regulatory headwinds
Declining Sectors
No declining sector data today.
Top headlines
Gift Nifty signals strong opening for Nifty, Sensex on August 3 Read article
Indian markets opened positively with the Gift Nifty indicating a 150+ point gain for the Nifty 50, supported by softer crude oil prices and foreign investor buying.
- Softer crude oil prices ease inflation pressures and support broader market sentiment
- Foreign portfolio investors turned buyers, providing strong support for the rally
RBI MPC begins three-day monetary policy meeting amid global uncertainties Read article
The Reserve Bank's Monetary Policy Committee started its three-day session (August 3–5) to assess domestic inflation, liquidity, and growth while monitoring global yield trends before deciding on rate actions.
- Central bank faces rising global inflationary pressures and elevated crude oil prices
- RBI expected to hold rates steady while signaling future policy direction based on inflation data
Muthoot Finance crashes 14% post Q1; analysts flag margin pressure Read article
Muthoot Finance shares plummeted 14% following Q1 results as analysts express concerns over margin compression and profitability challenges in the NBFC sector.
- Rising input costs and competitive pressures are squeezing profit margins for NBFCs
- Investors turn cautious on the sector amid concerns over growth sustainability and asset quality
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Data for informational purposes only. Not investment advice. Sources: NSE, BSE, AMFI, MCX. Yieldora.in