BSE Sensex touched an early high of 82,231, before settling at 82,001, up 143 points (0.2%). The index has now added 1,765 points over the last six trading days.
NSE Nifty 50 hit an intraday peak of 25,154, but ended at 25,084, a gain of 33 points (0.1%).
The broader markets showed weakness:
- Nifty MidCap 50 fell 0.5%
- Nifty SmallCap 50 dropped 0.4%
- India VIX, the volatility index, declined 3.5%, suggesting calmer sentiment despite profit-booking in mid and small-caps.
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Impact on the stock market
Sectoral performance told the real story of the day:
- IT index surged 2.6%, clearly the star performer.
- Realty index climbed 1%, signalling a return of investor appetite in property-linked plays.
- Market breadth remained positive, with 2,347 advancing stocks vs 1,718 declining on the BSE.
| Sector/Index | Performance |
| IT & BPM sector | 0.09% |
| Healthcare sector | 0.93% |
| Oil & Gas sector | 0.30% |
| Real estate sector | 0.38% |
| PSU Bank in India | -0.37% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Cipla | 1,592.80 | 3.02 |
| Dr Reddy Labs | 1,276.60 | 2.51 |
| Bajaj Finserv | 1,980.00 | 1.10 |
| ICICI Bank | 1,446.00 | 1.08 |
| SBI Life Insura | 1,877.30 | 1.01 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Coal India | 378.15 | -1.70 |
| Bajaj Auto | 8,684.50 | -1.62 |
| TATA Cons. Prod | 1,088.10 | -1.56 |
| Power Grid Corp | 284.00 | -1.53 |
| Eternal | 321.80 | -1.45 |
Market aftermath: Impact on stocks
PC Jeweller surges on debt-free plans
PC Jeweller shares soared 9.19% intraday to ₹14.25, before cooling off to close at ₹13.87 (up 6.28%).
- Over 1.41 crore shares traded hands, generating a turnover of ₹19.31 crore.
- Market cap rose to ₹9,133 crore.
- The rally comes after the board approved raising ₹500 crore from promoters and Capital Ventures Pvt Ltd to prepay loans.
The company, which operates 52 showrooms (49 company-owned), aims to become debt-free by FY26-end, a goal that is drawing retail investor enthusiasm.
Also read: PC Jeweller Share Price Jumps 17% After Strong Q1 FY26 Results
Real estate extends winning streak
The Nifty Realty index added 1% to 923, logging its fourth straight day of gains and up nearly 6% over eight sessions.
Triggers behind the rally:
- Strong Q1 FY26 results: Listed developers reported record residential launches worth ₹1.8 lakh crore pipeline, with healthy balance sheets and low leverage.
- Rate cut hopes: With July retail inflation at 1.55%, analysts expect the RBI MPC to cut repo rates in October, boosting housing affordability.
- GST reforms buzz: Hints at a simplified two-slab GST could lift discretionary spending and housing demand.
- Value buying: After a 17% correction in June–Aug, valuations look more attractive.
Top movers:
- Anant Raj: +3% at ₹555
- Prestige Estates, Sobha: +2% each
- DLF, Godrej Properties, Lodha, Oberoi Realty: +1% each
- Brigade, Phoenix Mills: marginal gains
- Raymond: –1% at ₹643, bucking the trend
Jupiter Wagons rides on Vande Bharat order
Jupiter Wagons jumped 12.72% intraday to ₹371.8 after winning a Letter of Intent (LoI) worth ₹215 crore to supply 5,376 wheelsets for Vande Bharat trains.
The order came through its unit Jupiter Tatravagonka Railwheel Factory Pvt Ltd. The strong order book visibility adds momentum to the stock, which had faced profit booking earlier in the week.
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Crude oil update
Global crude oil prices edged higher after the US Energy Information Administration (EIA) reported a 6 million-barrel inventory drop for the week ending Aug 15.
- Brent Oct futures: $67.13 (+0.43%)
- WTI Oct futures: $63.04 (+0.53%)
- MCX Sep crude: ₹5,499 (+0.42%)
Key takeaways from EIA data:
- US crude inventories: 420.7 million barrels (6% below 5-year average).
- Gasoline inventories: Down 2.7 million barrels.
- Distillates: Up 2.3 million barrels, still 13% below average.
Markets are also watching the proposed Russia–Ukraine talks, which could ease sanctions and boost supply. However, Russian officials remain sceptical, calling Western efforts to resolve security issues “a road to nowhere.”
Conclusion
The Indian market closed its sixth straight day in green, but gains are narrowing. While Sensex and Nifty held firm on the back of Reliance and ICICI, the pressure in broader markets and SEBI’s comments on derivatives shook trading-related stocks.
Sector-wise, real estate and select industrials (like Jupiter Wagons) stood out, while jewellery retail (PC Jeweller) found fresh momentum on debt-reduction plans.
On the global front, crude oil’s steady climb amid falling US inventories adds another layer to market mood.
The big question now: with benchmarks near record highs, is this rally stretching thin — or is it just pausing before the next leg up?
For more stock market insights, check out the StockGro blog.
