Sensex and Nifty50 falls as Nifty Realty experienced the largest drop among sectoral indices, dropping 3%, followed by Nifty Auto and Nifty Metal, which also fell by 3% and 2.7%, respectively.
Indian markets experienced a 1% drop on August 2, reflecting global equity losses due to US economy and tech sector outlook concerns.
Sectors and stocks
Sectoral indices saw a drop in Nifty Realty, Auto, Metal, IT, and PSU Bank, while Nifty Pharma rose 0.4%. Global equities declined due to US unemployment claims and manufacturing contraction, with Nasdaq 100 futures dropping 1.6%. Asia’s benchmark index saw its steepest drop since 2016.
US employment report due in July, expected to show a 4.1% unemployment rate, the highest since November 2021, affecting investors’ expectations for the Fed’s rate path.
| FII Sold | Cr |
| DII Bought | Cr |
Indian Market Stocks
| Sensex | -885.60 | -1.08% | 80981.95 |
| Nifty 50 | -293.20 | -1.17% | 24717.70 |
| Nifty Bank | -213.85 | -0.41% | 51350.15 |
Market Movers
Divis Labs | 73.35 1.49 % | Eicher Motors | -242.10 -4.87% |
| HDFC Bank | 20.35 1.24 % | Maruti Suzuki | -632.65 -4.74% |
| Dr Reddys Labs | 76.20 1.11% | Tata Motors | -47.75 -4.17% |
| Sun Pharma | 16.45 0.96% | Hindalco | -25.45 -3.78% |
| Kotak Mahindra | 10.80 0.60% | JSW Steel | -35.00 -3.75% |
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Indian indices opened positively, with Sensex and Nifty reaching 76,000 and 23,100, respectively. Top gainers included Divis Labs, IndusInd Bank, Axis Bank, LTIMindtree, and Adani Ports, while losers included Adani Enterprises, Wipro, Grasim Industries.
Indian indices opened positively, with Sensex and Nifty reaching 76,000 and 23,100, respectively. Top gainers included Divis Labs, IndusInd Bank, Axis Bank, LTIMindtree, and Adani Ports, while losers included Adani Enterprises, Wipro, Grasim Industries.
Indian indices opened positively, with Sensex and Nifty reaching 76,000 and 23,100, respectively. Top gainers included Divis Labs, IndusInd Bank, Axis Bank, LTIMindtree, and Adani Ports, while losers included Adani Enterprises, Wipro, Grasim Industries.
Sensex Sensex Sensex
Sensex After four weeks of increases, Sensex and Nifty fell 2% for the first time After four weeks of increases, Sensex and Nifty fell 2% for the first time
The Nifty has experienced a decline, closing the day around 160 points lower. The daily charts show no follow-through buying interest after a breakout, and selling pressure at higher levels could lead to a slipping back into the consolidation zone. The Bollinger bands are contracting, indicating a range contraction. The Bank Nifty has not maintained positive momentum, and it could slip towards the 46900-46800 range. The overall trend is bullish, with an intermediate corrective phase in progress. Short-term weakness could lead to a decline towards the 22200-22250 range.
The Nifty has experienced a decline, closing the day around 160 points lower. The daily charts show no follow-through buying interest after a breakout, and selling pressure at higher levels could lead to a slipping back into the consolidation zone. The Bollinger bands are contracting, indicating a range contraction. The Bank Nifty has not maintained positive momentum, and it could slip towards the 46900-46800 range. The overall trend is bullish, with an intermediate corrective phase in progress. Short-term weakness could lead to a decline towards the 22200-22250 range.
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