Today’s Stock Market Closing, 04 Aug: Nifty, Sensex Snap 2-Day Losing Streak Led by IT Bellwether TCS; Nifty Metal Index Gained 2.5% on Weaker US Dollar

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. 

Stock-Specific Highlights

Among individual stocks,

• Delhivery share price rallies 7.39% as Q1 net profit jumps 68% YoY.
• Dilip Buildcon share price gains 5.37% on winning ₹1,500 cr rail contract.
• Share price of Agrochemicals manufacturer UPL soared 7% and was among the top midcap gainers, due to a growth in volumes and margin expansion in the first quarter.
• The Multi-Commodity Exchange of India (MCX) share price gained 5.03% after strong quarterly earnings growth and the announcement of a stock split.

Nifty Metal- Top Gainer of the Day

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.

Nifty 50: Top Pullers and Draggers of the Day

The key drivers of the index gains were:

• TCS:  +20.73 points
• Bharti Airtel: +20.46 points
• Reliance Industries: +17.22 points

On the other hand, these stocks weighed on the index:

• HDFC Bank: - 24.84 points
• ICICI Bank: - 16.38 points
• Power Grid: - 3.16 points

Broader Markets Negative

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%. 

Market Breadth

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.