Stock Market Closing Update (3 Aug 26): Nifty 50 up by 1.60% and Sensex by 0.70%
On Monday, the Indian stock market ended the first day of week trading with a positive sentiment, with the Nifty 50 opening at 24,572.70, reaching a high of 24,774.30, and closing at 24,774.30, up by 1.60%.
Team Dhan
|Aug 3, 2026, 04:15 PM
Similarly, the BSE Sensex opened at 78,883.34, reached a high of 78,895.10, and ended at 78,639.03, up by 0.70%.
The Indian markets traded in the green driven by declining crude oil prices, a cooling off of Middle East geopolitical concerns, and robust FII purchasing.
Reasons for the positive sentiment
The following are the reasons for the positive sentiment in the stock market:
- Brent crude prices fell nearly 5% to USD 83.56 a barrel.
- Sustained FIIs buying in Indian mid and small cap stocks.
- Easing geopolitical concerns after US President Donald Trump indicated that negotiations with Iran were anticipated to resume on Monday.
- Strong cues from the broader Asian and U.S markets.
- The rupee rose by 0.25% to 95.1450 against the U.S dollar.
Major Indices Today
- The benchmark indices, Nifty 50 and Sensex, traded higher amid gains in Redington, KIOCL, AvenuesAI, Balrampur Chini Mills, and Firstsource Solutions shares.
- Nifty Next 50 traded in the green, led by the gains in shares of Divi’s Laboratories, Shree Cement, Godrej Consumer Products, and Cholamandalam Investment and Finance Company.
- Nifty Bank traded in the green supported by broad-based buying across banking counters, with most constituents advancing and the move aided by easing US-Iran geopolitical tensions and a sharp decline in global crude oil prices.
Sectoral Indices Today
- Nifty IT traded in the green, driven by a strong overnight rally in US technology stocks, robust buying momentum from institutional investors, and a broader relief rally linked to easing global geopolitical tensions.
- Nifty Auto traded in the green, driven by the stellar July auto wholesale numbers, a sharp plunge in global crude oil prices, and pre-policy positioning ahead of the central bank's rate decision.
- Nifty FMCG traded in the green amid broad-based market recovery, falling crude oil prices, and positive investor sentiment.
- Nifty Pharma traded in the mixed with due to the profit booking by investors in defensive sectors.
- Nifty Oil & Gas traded higher, driven by a sharp drop in crude oil prices and easing Middle East geopolitical tensions following renewed U.S.-Iran diplomatic talks.
Market Movers Today
- ZEEL share price plummeted 10% after Sebi restrained it from participating in the securities market for two months and its Chairman Emeritus Subhash Chandra and Managing Director (MD) & Chief Executive Officer (CEO) Punit Goenka for one year after the former illegally pledged the company's Hyderabad land for loans acquired by entities floated by the promoter group.
- Mobikwik Systems share price gained 2.13% on the back of the company's turnaround in Q1. It registered a net profit of Rs 7.6 crore in Q1, as opposed to a Rs 41 crore loss registered a year ago.
- Tata Motors Commercial Vehicles stock gained 3% as the company's total commercial vehicle (CV) sales recorded a 37% year-on-year jump of 39,641 units in July. Within CV sales, its domestic sales volume increased by 28% to 33,876 units while exports surged more than twofold to 5,765 units from 2,524 units in July 2021.
- Indian Oil Corporation (IOC) share price rallied over 2% as crude oil prices declined more than 5.1% to $83.4 a barrel after US President Donald Trump said that negotiations with Iran would commence on Monday.
- Indian Energy Exchange (IEX) stock dipped more than 4% as the Supreme Court has decided not to hear the company's appeal against the market coupling case. The Supreme Court also made it clear that it was not taking a stand on the issue.
Top Gainers
Top Losers
52W High Stocks
52W Low Stocks
High Volume Stocks Today
IPO
- MV Electrosystems IPO will close today 3rd August 2026. The price band set for the IPO is from ₹400 to ₹425 per equity share.
- Juniper Green Energy IPO will close on 3rd August 2026 (Today). The price band set for the IPO is from ₹214 to ₹225 per equity share.
Allotted Today
- Manipal Health Enterprises IPO allotment will be finalised today with tentatively listing on Wednesday, Aug 5, 2026. The price band set for the IPO was from ₹560 to ₹590 per equity share.
Market Announcements
- Muthoot Finance share price fell 11% as the country's second-largest gold loan financier reported a sequential downswing of 16% in net profit to Rs 2,799 crore in the June 2026 quarter compared to the previous quarter. Muthoot Finance's revenue from operations fell 7% to Rs 8,672 crore in the first quarter.
- Urban Company shares surged 18% on reports that the company posted better-than-expected quarterly results. In the quarter that ended June 30, 2026, Urban Company logged revenue from operations of Rs 528.34 crore, marking an increase of 43.85% from Rs 367.27 crore in the corresponding period of the previous financial year.
