Nifty Closes At 17,388.15 Points, Up 0.25%, Sensex Up 0.37%, See Stocks In News

Today, on August 3, the Nifty 50 closed at 17,388.15 points, gaining by 0.25%, while Sensex quoted at 58,350.53 points, gaining only by 0.37%. Nifty PSU Bank with a 0.53% fall, Nifty Private Bank with a 0.16% fall, and Nifty metal with a 0.19% fall. Zomato, Yes bank, and Idea were the 3 top active stocks today. Significantly, Zomato's share price fell by 0.27% and Paytm's share price surged by 6.11% today.

Says, S. Hariharan, Head- Sales Trading, Emkay Global Financial Services:"Market has rebounded strongly with a turn in the trajectory of foreign investor flows - the last 4 sessions have seen FPI inflows of nearly $1 bn. A perceived pivot in the Fed's tightening cycle and cooling off of crude oil prices have made the macro environment more favourable for India, which has outperformed EM and Asian peers by 6% in the last week.

Banks and Autos have attracted strongest flows while IT has been an under-performer. Going forward, the gap in valuations between Nifty and MSCI Emerging Markets index, as well as the gap between the earnings yield of Nifty vs 10 year G-Sec yield, would be adverse factors and we can expect market returns to be more muted. A pull-back towards the technical support at 200-day moving average at 17000 is possible."

Fresh 52-week low stocks

The top 3 stocks to reach 52-week low level on NSE are Naga Dhunseri Group Limited with a 3.59% intra day fall, GlaxoSmithKline Pharmaceuticals Limited with a 2.07% intra day fall, and Nava Limited with a 1.86% fall.

Fresh 52-week high stocks

The top 5 stocks to reach 52-week high level on NSE in intra day trading are Navneet Education Limited gaining by 11.25%, Vadilal Industries Limited with a 7.31% gain, Elgi Equipments Limited with a 6.35% gain, Ruchira Papers Limited with a 5.86% gain, and Fiem Industries Limited with a 5.55% gain. Additionally, Adani Power Limited surged by 3.49% in the intra day trading, and reached a fresh 52-week high-level again today.

Top 3 Nifty 50 gainers

Top 3 Nifty 50 gainers are Tech Mahindra Bank with a 2.22% gain, Infosys with 1.70% gain, and Titan with a 1.42% gain. However, Sunpharma fell by 2.22%, and Tata Motors fell by 1.93% today to become top losers.