The markets commenced the week on a high note, with the Nifty reaching a five-month peak while the Sensex trailed behind after the exchanges implemented a new closing price mechanism. Additionally, a significant drop in oil prices following the US’s decision to delay plans for a strike on Iran improved market sentiment, and the rupee rose to a one-month high, bolstered by falling crude prices and stable foreign investments.
Nifty and Sensex vary as new closing price system is introduced
On Monday (August 3), India’s primary stock indices finished positively, but the Nifty 50 outperformed the Sensex significantly. The Nifty 50 soared 1.6% to conclude at 24,774.30, compared to the BSE Sensex, which climbed 0.7% to finish at 78,639.03.
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Also Read: Market reaches five-month peak: 5 key factors fueling today’s rally in Sensex, Nifty
Oil prices plummet; Brent crude falls over 7% as the US halts Iran strike and agrees to new discussions
On Monday, oil prices dropped sharply, with Brent crude decreasing by as much as 7.3% before recovering some losses, following President Donald Trump’s announcement to cancel a planned attack on Iran and initiate new negotiations with Tehran. A slight increase in OPEC+ output further exerted pressure, even as threats to shipping routes through the Strait of Hormuz persisted.
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Rupee reaches one-month high as lower oil prices and foreign investments enhance the currency
On Monday, August 3, the Indian rupee continued its upward trend, closing at 95.34 against the US dollar, up from 95.38 in the previous session.
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What’s ahead
Tuesday’s trading will be influenced by a diverse array of earnings reports, technical indicators, and forthcoming central bank expectations. Investors will focus on stocks such as Paytm, DLF, and Torrent Power, evaluate if the Nifty can further capitalize on its breakout under the new closing mechanism, and look for insights from RBI policy on future interest rate trajectories.
Stocks to Watch for August 4: Paytm, DLF, Torrent Power, GSK Pharma, and more
With DLF and Torrent Power’s earnings from the June quarter, Paytm’s ₹2,002-crore block deal, and results from Kansai Nerolac, Gulf Oil Lubricants, GE Shipping, GSK Pharma, Texmaco Rail, Restaurant Brands Asia, and Thomas Cook, these are the key stocks to keep an eye on ahead of Tuesday’s trade.
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Nifty Outlook for August 4: New closing mechanism elevates index beyond recent highs, but can it hold?
Market participants are optimistic about sentiment remaining positive, supported by robust Q1FY27 earnings, declining crude oil prices, and an improving global risk appetite.
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RBI policy survey: Economists predict August rate hold, but discussions on FY27 hikes continue
The Reserve Bank of India (RBI) is largely expected to maintain current interest rates during its August monetary policy meeting, with economists surveyed in the CNBC-TV18 poll unanimously anticipating no change in the repo rate. However, the more significant concern for the market is what will follow the August meeting.
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Also Read: RBI policy: MPC likely to maintain rates in August; anticipate hawkish signals, says ICICI Securities PD
Major news from various sectors
From President Donald Trump’s halt on new strikes against Iran to Bajaj Auto’s impressive sales in July, the day’s top stories span geopolitics, business, and political matters. Also noteworthy is Willie Walsh taking on the role of CEO at IndiGo, the Lok Sabha approving a Bill to increase the number of Supreme Court judges, and Prashant Kishor’s victory in the Bankipur Assembly by-election.
US President Trump states Gulf leaders’ advice heavily influenced decision to delay new Iran strikes
US President Donald Trump mentioned on Sunday that he chose to refrain from ordering new strikes against Iran, responding to appeals from Gulf allies Qatar, Saudi Arabia, and the United Arab Emirates.
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Bajaj Auto sales reach 4.75 lakh units in July, with exports surging by 39%
Bajaj Auto announced total sales of 4.75 lakh units in July 2026, reflecting a 30% increase from 3.66 lakh units in the same month of the previous year. Domestic sales climbed by 20% to 2.20 lakh units, while exports rose by 39% to 2.54 lakh units.
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Also Read: Honda sells 5.42 lakh two-wheelers in July, with exports up 35%
Also Read: TVS Motor achieves record July sales of 6.30 lakh units, fueled by EV and international expansion
Willie Walsh steps in as IndiGo CEO: What’s next for the largest airline in India
InterGlobe Aviation-owned IndiGo announced on Monday (August 3) that Willie Walsh has officially assumed the role of Chief Executive Officer, following the announcement of his appointment in March 2026.
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Lok Sabha passes bill to increase Supreme Court judges without debate
On Monday, the Lok Sabha passed a bill to replace an ordinance that raised the number of Supreme Court judges from 34 to 38, including the Chief Justice of India, without a debate, as opposition members protested against the NEET paper leaks and alleged misappropriation of Ram temple funds.
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Also Read: Delhi court acquits Brij Bhushan Sharan Singh in women’s wrestling harassment case
Bankipur by-election: Prashant Kishor defeats BJP’s Neeraj Kumar by over 19,000 votes
Prashant Kishor, founder of the Jan Suraaj Party, won the Bankipur Assembly by-election in Bihar, defeating the Bharatiya Janata Party’s (BJP) Neeraj Kumar by a margin of 19,324 votes.
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That’s it from us tonight. See you on Tuesday with another edition of Top 10@10.
