Sensex, Nifty Edge Higher

Indian stock markets opened on a positive note on Monday, August 4, rebounding slightly after five consecutive weeks of losses. By 11:20 a.m., the BSE Sensex had gained about 150 points to reach 80,753, while the NSE Nifty 50 rose nearly 70 points to 24,632, aided by strength in metal and auto stocks.

Metals led the gains with a 1.6% rise, helped by a weaker U.S. dollar, and auto stocks were up over 1% following robust quarterly results from Hero MotoCorp and TVS Motor. However, IT stocks slipped around 0.4% due to concerns over U.S. trade policies and global economic trends.

Mid- and small-cap indices rose roughly 0.4%, though market breadth remained mixed. Investor sentiment improved amid hopes of a possible U.S. Fed rate cut after disappointing U.S. jobs data. Attention is also focused on the ongoing RBI Monetary Policy Committee meeting, concluding August 6. Analysts remain cautious due to global uncertainty and trade tensions, with key Nifty levels seen at 24,500 for support and resistance around 24,800–24,900.