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EQUITY
Post Session: Quick Review
Aug-05-2026

Indian equity markets ended flat with positive bias on Wednesday after the Reserve Bank of India (RBI) kept the policy repo rate unchanged at 5.25% for the fifth consecutive time and retained its neutral policy stance. Also, some support came as tensions in West Asia showed signs of easing after Qatar said mediators were making progress in efforts to end the US-Iran war. Though, there was some volatility in the markets after India's services sector growth fell to a 4.5-year low in July due to weak demand & fierce competition.

The BSE Sensex closed higher with modest gains of 0.19% following buying in heavyweight stocks like Bharti Airtel, L&T, Infosys, and Reliance Industries. However, gains remained capped ahead of weekly expiry of Sensex Futures & Options (F&O) contracts.

Similarly, the Nifty 50 remained range-bound throughout the session and settled flat with around 10 points gains as selling in index heavyweights like TCS, HCL tech was offset by buying in select financial and banking stocks. Some support came as FIIs activity in the NSE Capital Market segment recorded net inflows.

Some of the important factors in trade:

Indian economy to hit $5-trillion mark in FY29 as per IMF: Traders took some support as Finance Minister Nirmala Sitharaman said that Indian economy is set to cross $5-trillion mark in FY29 as per the International Monetary Fund (IMF) and the government has adopted a broad-based growth strategy to achieve the milestone.

India’s SEZ exports grow 11.8% to Rs 16.36 lakh crore in FY26: Sentiments were upbeat as the Minister of State for Commerce and Industry Jitin Prasada has stated that India's exports from Special Economic Zones (SEZs) grew 11.8 per cent year-on-year to Rs 16,36,192 crore ($185.28 billion) in 2025-26, up from Rs 14,63,669 crore ($173.07 billion) in the previous fiscal.

India's services sector growth fell to a 4.5-year low in July: Some cautiousness came as India's services sector growth fell to a 4.5-year low in July due to weak demand & fierce competition. The seasonally adjusted HSBC India Services PMI Business Activity Index fell to 53.3 in July from 57.4 in June.

On the global front: European markets were trading mostly in red, after France's manufacturing activity showed signs of improvement with PMI rising to 49.4 in July from 47.2 in June, marking the weakest contraction in three months. Asian markets closed mostly higher as crude oil prices slumped and global bond yields eased amid hopes for progress on opening the Strait of Hormuz.

The BSE Sensex ended at 78581.00, up by 152.05 points or 0.19% after trading in a range of 78285.74 and 79055.38. There were 18 stocks advancing against 12 stocks declining on the index. (Provisional)

The top gaining sectoral indices on the BSE were Metal up by 1.60%, Auto up by 1.35%, Realty up by 1.19%, Basic Materials up by 1.04%, and Consumer discretionary up by 0.87%, while Energy down by 0.41%, Oil & Gas down by 0.39%, Capital Goods down by 0.17% and Utilities down by 0.01% were the few losing indices on BSE. (Provisional)

The top gainers on the Sensex were NTPC up by 1.99%, Ultratech Cement up by 1.92%, State Bank of India up by 1.84%, Mahindra & Mahindra up by 1.76% and Interglobe Aviation up by 1.52%. On the flip side, TCS down by 1.47%, HCL Technologies down by 1.18%, Reliance Industries down by 1.08%, Sun Pharma down by 0.82% and HDFC Bank down by 0.72% were the top losers. (Provisional)

Meanwhile, amid oversupplied global steel markets, geopolitical uncertainties, evolving trade barriers, and tightening sustainability regulations, the rating agency India Ratings and Research (Ind-Ra) has said that India will remain among the fastest-growing steel markets globally in FY27. Further, it expects the sector's strengthened balance sheets to support ongoing investments without materially weakening leverage metrics. 

With continued infrastructure spending by the government, healthy demand from the construction, engineering, and automotive sectors, and a likely pickup in private corporate capex, Ind-Ra expects steel demand to grow at a high-single-digit percentage year-on-year in FY27 from 7.4% in FY26. Besides, it has maintained a neutral outlook on the Indian steel sector for FY27, with strong domestic demand, supportive trade measures, stable raw-material costs, and disciplined capacity expansion continuing to support profitability, cash flows, and credit profiles.

In spite of this, Ind-Ra pointed that raw material price volatility, significant capacity expansion risks, lower import quota in the EU, and the impact of Carbon Border Adjustment Tax (CBAM) on EU exports should be monitored in near to medium-term.

The CNX Nifty ended at 24624.65, up by 9.75 points or 0.04% after trading in a range of 24497.95 and 24677.60. There were 26 stocks advancing against 22 stocks declining on the index. (Provisional)

The top gainers on Nifty were Shriram Finance up by 3.23%, Grasim Industries up by 2.74%, JSW Steel up by 2.31%, Hindalco Industries up by 1.96% and NTPC up by 1.82%. On the flip side, TCS down by 1.91%, Apollo Hospital down by 1.55%, HCL Technologies down by 1.45%, Sun Pharma down by 1.22% and JIO Financial Services down by 1.15% were the top losers. (Provisional)

European markets were trading mostly in red; Germany’s DAX lost 2.25 points or 0.01% to 26,200.10 and France’s CAC fell 1.53 points or 0.02% to 8,665.10, while UK’s FTSE 100 increased 8.85 points or 0.08% to 10,888.23.

Asian markets finished mostly in green on Wednesday, driven by a powerful technological stock rally. Regional sentiment also benefited from sliding crude oil prices, lower bond yields notes and on optimism over potential diplomatic progress in the Middle East. Heavy capital expenditure commitments toward artificial intelligence further stimulated demand for regional semiconductor and heavyweight tech exporters. KOSPI soared with the hefty technical buying in regional artificial intelligence and memory chip giants like Samsung Electronics and SK Hynix. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,878.43

56.15

1.47

Hang Seng

25,915.82

62.9

0.24

Jakarta Composite

6,351.14

31.53

0.50

KLSE Composite

1,748.17

15.51

0.90

Nikkei 225

66,300.44

2342.91

3.66

Straits Times

5,581.37

-30.88

-0.55

KOSPI Composite

6,598.26

239.31

3.76

Taiwan Weighted

44,611.60

1250.94

2.88
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