Stock markets take winning run to 4th day as crude oil prices drop sharply; Nifty surges 1.6%
Indian stock markets saw a fourth consecutive day of gains, with the Nifty rising 1.6% as crude oil prices dropped and geopolitical tensions eased. The market also implemented new closing auction session rules to improve liquidity and execution efficiency.
Why it matters
The market rally reflects positive investor sentiment driven by macroeconomic factors and structural changes in trading mechanisms.
Stock market benchmark indices ended higher on Monday (August 3, 2026), with the Sensex climbing 544.39 points and Nifty surging 1.60%, following a sharp decline in crude oil prices amid easing geopolitical tensions.
Foreign fund inflows also added to markets' optimism. Extending the winning momentum to the fourth day, the 30-share BSE Sensex jumped 544.39 points, or 0.70%, to settle at 78,639.03. During the day, it surged 800.46 points, or 1%, to 78,895.10.
The 50-share NSE Nifty climbed 390.70 points, or 1.60%, to end at 24,774.30. From the Sensex pack, InterGlobe Aviation, Tata Consultancy Services, Infosys, Eternal, ITC, and Axis Bank were among the major winners.
Sun Pharma, Bharti Airtel, Maruti, and Tata Steel were among the laggards. The BSE SmallCap Select index climbed 0.87 per cent and MidCap Select index edged higher by 0.73%.
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