On Monday, August 4, Indian benchmark indices closed in the positive territory, snapping a 2-day losing streak, led by TCS and Bharti Airtel. At the closing bell, the Nifty 50 ended up by 157.40 points or 0.64%, at 24,722.75. The Sensex jumped by 418.81 points or 0.52% to 81,018.72.
IT stocks, represented by the Nifty IT index, climbed 1.6% as investor sentiment turned positive following expectations of a potential rate cut by the US Federal Reserve. This optimism stemmed from fresh labour market data showing that the US economy added fewer jobs than anticipated in July, along with downward revisions to previous months’ figures.
Since Indian IT companies derive a significant portion of their revenue from the U.S. market, the news acted as a key trigger for the sector’s gains.
On the sectoral front, 9 out of 11 key sectoral indices ended in positive territory. Meanwhile, broader indices like Midcaps and Smallcaps recorded gains of 1.40% and 1.27%, respectively.
Among individual stocks,
The Nifty Metal index rose by 2.48%, emerging as the leading sectoral performer. The rally was supported by a weaker US dollar, which made commodities more affordable for international buyers. On the flip side, the Nifty FMCG index slipped 0.1% on Monday, dragged by Radico Khaitan.
The key drivers of the index gains were:
On the other hand, these stocks weighed on the index:
The broader market indices ended on a positive note. The Mid-cap 100 index closed up by 1.40% and the Small-cap 100 index jumped by 1.27%.
As of August 4, 2025, the market breadth was in favour of advancing stocks. Out of 3,093 stocks traded on the NSE, 1,833 advanced, 1,168 declined, and 92 remained unchanged.
A total of 48 stocks touched their 52-week highs, while 70 hit their 52-week lows. Additionally, 90 stocks were locked in their upper circuits, whereas 86 stocks were in lower circuits.
Disclaimer: The article is for informational purposes only and not an investment advice.
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