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Stock Market Live Updates: Sensex Down 280 Pts, Nifty Below 24,700; Titan, Maruti, Trent Limit Losses
Today's opening of the Indian stock market was cautious as in the opening trading session, the Sensex fell more than 200%, while the Nifty began lower at 24,720.25. Global market cues and investor expectations ahead of the Reserve Bank of India's Monetary Policy Committee (MPC) summary, which will be announced tomorrow, are two major factors contributing to this calm start. As traders anticipate the RBI's decision and other major economic data, the market is expected to stay turbulent. Uncertainty has also been exacerbated by recent US threats of higher tariffs on Indian exports. Globally, Asian stock markets performed mixed today. For instance, Japan's Nikkei 225 rose after a surge in US stocks, while Australia's S&P/ASX 200 also witnessed gains. However, Chinese markets, such as the Hang Seng in Hong Kong, were more cautious. According to the GIFT Nifty, the Indian stock market is expected to open flat to positive as of right now. This occurs as the Monetary Policy Committee (MPC) of the Reserve Bank of India is now in the middle of its three-day meeting, with the announcement of the policy decision scheduled for Wednesday.
Stock Market Live: Why Are JSW Energy Shares Rising In Last Two Days?
Stock Market Live: JSW Energy shares have surged around 7% in last two trading sessions. The stock rally has come after the company updated that it has commissioned a key hydro unit and posted strong quarterly earnings. “The company has successfully commissioned one 80 MW unit of the 240 MW Kutehr Hydro Electric Project (KHEP) and commenced supply of power under the 240 MW Power Purchase,” stated the company in its BSE filing.
Stock Market Live Updates: Sensex Down 280 Pts, Nifty Below 24,700; Titan, Maruti, Trent Limit Losses
Stock Market Live Updates: Sensex Down 280 Pts, Nifty Below 24,700; Titan, Maruti, Trent Limit Losses
Stock Market Live Updates: Paytm Shares Dip 2% After Major Block Deal of 1.86 Crore Shares
Shares of One 97 Communications, the parent company of Paytm, declined by 2% on Tuesday, August 5, following a significant block deal on the exchanges. As per market data, around 1.86 crore shares changed hands in the large transaction, representing approximately 2.9% of the company’s total equity.
Stock Market Live Updates: JSW Cement to Launch Rs 3,600 Crore IPO on August 7
JSW Cement, a part of the JSW Group, is set to open its initial public offering (IPO) on August 7. The IPO will comprise a fresh issue and an offer-for-sale (OFS), together amounting to Rs 3,600 crore.
Stock Market Live Updates: Godfrey Phillips Hits 52-Week High After Strong Q1 Results
Shares of Godfrey Phillips India surged 10% to a new 52-week high of Rs 9,881.50 on Tuesday, following the company’s impressive Q1FY26 earnings. The cigarette and FMCG major posted a 55.9% year-on-year (YoY) jump in consolidated net profit, reaching Rs 356 crore for the June quarter. The strong financial performance drove renewed investor interest, pushing the stock sharply higher in intraday trade.
Market Outlook Today By Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited
The latest tweet from President Trump that “ I will be substantially raising US tariff on India” for buying Russian oil is a big threat. If he walks his talk, the India-US relations will further strain and the impact on India’s exports to the US can be worse than thought earlier. India’s GDP growth and corporate earnings in FY26 also will be impacted. The market, still trading at elevated valuations, has not discounted such an eventuality. It remains to be seen how things evolve. India’s response, with facts, that “ targeting India is unjustified and unreasonable” sends a message that India will not be making undue concessions and compromises. This means, the market is in uncharted territory in the near-term. If President Trump raises tariffs on India further the market will react negatively breaking the Nifty support of 24500. Investors may wait and watch for the developments to unfold. Moving some money to fixed income also can be thought of.
Support Intact, Resistance Ahead: Why Traders Should Stick to Buy-on-Dips, Sell-on-Rise in Nifty
“On the daily chart, prices have bounced after a marginal dip below the 89-DEMA, indicating that this crucial moving average continues to act as reliable support. Technically, an inside bar candle has been formed, reflecting willingness by bulls to defend crucial support levels. The 24600–24500 zone remains a sacrosanct support area, having held through multiple pullbacks since May. As long as this zone is protected, bulls will continue to fancy a comeback. On the flip side, the market isn't entirely out of the woods yet, with overhead resistance likely to emerge at regular intervals. In the near term, the 24850–24950 zone is seen as immediate resistance. Given this backdrop, Nifty is likely to remain range-bound, and traders should adopt a buy-on-dips and sell-on-rise approach, accumulating near the support zone and booking profits near resistance,” said Rajesh Bhosale, Equity Technical Analyst, Angel One.
Nifty Prediction Today By Mr. Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities
A reasonable positive candle was formed on the daily chart that placed beside the long bear candle of Friday. Technically this market action indicates a pullback rally in the bearish market. Previously, few such bounces towards the lower highs have encountered with strong hurdles and Nifty declined sharply. The negative chart pattern like lower tops and bottoms remains intact on the daily chart. After the formation of new lower bottom on Monday at 24535, Nifty is expected to form a new lower top around 24850-24900 levels in the short term, which could be a sell on rise opportunity. Immediate support is placed at 24550.
Nifty Outlook Today By Mr. Nandish Shah - Deputy Vice President, HDFC Securities
Nifty has been consistently finding support at its 100-day DEMA, and today's strong close has raised hopes for a meaningful pullback rally. The recent swing low of 24535 is now considered a support level, while the 50-day DEMA, located near 24900, is expected to offer resistance.
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