📊 Market Summary
On 4 August 2026, the NIFTY index closed lower by 0.64% at 24,614.90, continuing a bearish trend with broad selling pressure among the ~200 actively traded F&O stocks. Bank NIFTY also declined by 0.58%, closing at 57,907.20. Among F&O stocks, 128 declined while only 51 advanced, reflecting a clear market bias to the downside. The average price change across these stocks was negative 0.46%, signaling widespread weakness.
🏆 Top Gainers & Losers
| Top Gainers | % Change | Sector |
|---|---|---|
| KEI | +9.49% | Infrastructure |
| CGPOWER | +6.53% | Infrastructure |
| SAIL | +5.18% | Metals & Mining |
| GODFRYPHLP | +4.00% | FMCG |
| NAM-INDIA | +3.18% | Banking & Finance |
| Top Losers | % Change | Sector |
|---|---|---|
| LICI | -8.66% | Banking & Finance |
| UPL | -6.15% | Chemicals |
| OBEROIRLTY | -4.42% | Realty |
| PRESTIGE | -4.20% | Realty |
| DABUR | -3.79% | FMCG |
🏭 Sector Scorecard
| Sector | Average % Change | Number of Stocks |
|---|---|---|
| Metals & Mining | +1.56% | 10 |
| Infrastructure | +0.64% | 26 |
| Diversified | -0.33% | 35 |
| Automobile | -0.46% | 15 |
| Pharmaceuticals | -0.47% | 16 |
| Telecom | -0.61% | 3 |
| Banking & Finance | -0.64% | 54 |
| Energy & Oil | -0.66% | 17 |
| Information Technology | -0.82% | 12 |
| FMCG | -1.10% | 14 |
| Cement | -1.49% | 5 |
| Chemicals | -1.73% | 5 |
| Realty | -2.84% | 6 |
💰 FII/DII Activity
As of 3 August 2026, Foreign Institutional Investors (FIIs) remained bullish with a net long position of 492,410 contracts in futures and a total net long of 814,370 contracts across futures and options. Domestic Institutional Investors (DIIs), however, held a net short position of -3,877,268 contracts in futures and a total net short of -4,009,028 contracts. This divergence suggests FIIs were buyers while DIIs were sellers heading into today's session.
📰 News That Moved Markets
- Fresh Hiring in Top Indian Firms Drops 27% amid employment concerns, signaling cautious corporate sentiment.
- Nifty 50 Falls 1.25% at close as Indian equities faced broad selling pressure, reflecting risk-off mood.
- Pidilite Industries Q1 Profit Rises 30% to ₹872 crore with revenue up 21%, providing a bright spot amid weakness.
- Rudra Gas Enterprise CFO Resignation accepted, adding some uncertainty to the stock.
- NSE Issues Investor Warning on illegal trading services linked to Kwik Trade, highlighting regulatory vigilance.
📈 Volume & Smart Money Signals
Volume surged significantly in many stocks, with 178 out of 218 F&O stocks trading at more than 1.5 times their average volume. High delivery percentages were noted in key stocks like TECHM (75.0%), POWERGRID (72.5%), and KOTAKBANK (72.1%), indicating strong institutional participation. Several top gainers such as KEI and CGPOWER saw aggressive buying tails at the lows, confirming demand despite the broader bearish market.
🔮 Under the Hood: Market Structure
Today's market structure showed a bearish bias with 6 strong downward trending sessions (trend down) among F&O stocks, and a majority of stocks opening within or below the previous day's fair value zone (Value Area). The most-traded price level (Point of Control) generally shifted lower, reflecting selling pressure. There were more selling tails (heavy selling at the day's highs) than buying tails, and 10 instances of rapid downward price movement with no trading activity left behind (single prints down), highlighting aggressive selling. The NIFTY index itself experienced a trend down day type, with price breaking below the first hour's range low and closing near the day's low, confirming the bearish momentum.
⚡ F&O Highlights
Today was the weekly F&O expiry day, which often brings increased volatility and volume. Notably, no stocks were placed on the F&O ban list, allowing unrestricted trading across all contracts.
🎯 Stocks to Watch Tomorrow
- KEI – Strong 9.49% gain on high volume and aggressive buying tail suggests momentum continuation.
- CGPOWER – Infrastructure sector strength with 6.53% rise and volume 9x average.
- SAIL – Metals & Mining leader with 5.18% gain; watch for follow-through.
- LICI – Sharp 8.66% decline on heavy volume; potential for further downside or rebound.
- PIDILITE – Positive earnings news could support price despite broader weakness.
📐 Key Levels for Tomorrow
| Index | Support | Resistance | Fair Value Zone |
|---|---|---|---|
| NIFTY | 24,438.20 (Value Area Low) / 24,428.20 (Day Low) | 24,598.20 (Value Area High) / 24,703.90 (Day High) | 24,438.20 to 24,598.20 |
| BANKNIFTY | 57,400.00 (Value Area Low) / 57,352.65 (Day Low) | 57,800.00 (Value Area High) / 58,068.95 (Day High) | 57,400.00 to 57,800.00 |