Market Close Report Today, August 3, 2026: Nifty, Sensex Rise For Fourth Day As IT Stocks Lead Rally

Mumbai, August 3: Indian equity benchmarks extended their winning streak for a fourth consecutive session on Monday, with the Nifty 50 closing above the 24,700 mark for the first time in recent sessions as broad-based buying lifted market sentiment. The rally was led by information technology stocks, while strength across most sectors helped the benchmarks overcome weakness in select pharma and media counters. 

At close, the BSE Sensex rose 544.39 points, or 0.70%, to 78,639.03, while the Nifty 50 advanced 390.70 points, or 1.60%, to settle at 24,774.30. The Nifty traded above the 24,700 mark during the session as buying momentum gathered pace. Market breadth remained positive, with 2,705 shares advancing, 1,496 declining and 185 stocks ending unchanged. 

IT Stocks Lead Sectoral Rally 

Information technology stocks emerged as the biggest drivers of Monday’s rally, with the Nifty IT index gaining more than 3%. The sector’s strong performance provided a major boost to the benchmark indices, with IT majors featuring among the top gainers. 

Among Nifty 50 stocks, InterGlobe Aviation, TCS, Infosys, Shriram Finance and Grasim Industries emerged as the top performers. The broad-based nature of the buying indicated strong risk appetite among investors, with gains extending beyond a handful of heavyweight stocks. 

On the other hand, Sun Pharma, Apollo Hospitals, Maruti Suzuki, ONGC and Tech Mahindra were among the biggest laggards in the Nifty 50 pack, limiting some of the upside in the broader market. 

Most Sectors End In Green 

Sectoral buying remained widespread during the session. Barring the Nifty Media index, all major sectoral indices ended in positive territory, highlighting the broad-based nature of the market rally. 

The strong performance of IT stocks was complemented by gains across other sectors as investors continued to track corporate earnings, global market cues and movements in crude oil prices. The decline in international crude prices also remained a positive factor for India, given the country’s dependence on imported oil. 

Lower crude prices could help ease pressure on India’s import bill and inflation while supporting the broader macroeconomic outlook. Investors, however, remained attentive to developments in West Asia and the potential impact of geopolitical developments on energy supplies. 

Broader Market Outperforms 

The broader market also participated strongly in Monday’s rally. The Nifty Midcap 100 and Nifty Smallcap 100 indices each gained around 1.2%, reflecting strong buying interest beyond large-cap stocks. 

The positive market breadth further underscored the strength of the session, with advancing stocks comfortably outnumbering decliners. The broader participation suggests that investor sentiment remained constructive across market segments rather than being restricted to a few heavyweight counters. 

Crude Oil, Global Cues In Focus 

The sharp decline in crude oil prices provided an additional boost to Indian equities. Oil prices fell amid hopes of a possible diplomatic engagement between the US and Iran, easing some concerns over supply disruptions in the region. 

For India, sustained weakness in crude prices could be supportive for the economy by lowering the country’s energy import bill and reducing inflationary pressures. The development could also benefit oil-consuming industries and provide some relief to corporate margins. 

Investors also kept an eye on global markets, with mixed cues from Asian equities and firmer US stock futures shaping sentiment. The domestic market, however, remained resilient, with strong sectoral participation helping the benchmarks extend their four-day winning run. 

What Lies Ahead 

The market is likely to remain focused on the Reserve Bank of India’s upcoming monetary policy decision, corporate earnings and global developments in the days ahead. Investors will also track movements in crude oil prices, foreign fund flows and developments in West Asia for further direction. 

Monday’s session marked a strong start to the week for Indian equities, with the Nifty’s close above 24,700 and the fourth straight day of gains reinforcing the positive momentum. The sharp rise in IT stocks and firm performance across the broader market further strengthened the bullish undertone, although pockets of weakness in pharma and media and continued global uncertainties could keep volatility elevated. 

Source

•  NSE
• BSE