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Capital Investo Research

6th Aug · SEBI-Registered Analyst

Sensex Climbs 374 Points, Nifty Ends Near 24,650 as
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, Softer Crude Lift Sentiment

Summary: Indian equity benchmarks ended higher on Thursday, supported by gains in

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and easing crude oil prices amid improving geopolitical sentiment. The Sensex advanced 373.76 points (0.48%) to close at 78,954.76, while the Nifty 50 edged up 11.35 points (0.05%) to 24,636. Key Drivers of the Rally: Easing Geopolitical Tensions: Optimism over diplomatic progress in the Middle East and softer Brent crude prices below $80 per barrel improved investor sentiment and reduced concerns over energy costs.
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Boosts Benchmarks: Reliance Industries surged 3.5%, emerging as the top contributor to the day's gains following premium block deals and strong buying interest. Sectoral & Broader Market Trends: Nine of the 16 key sectoral indices closed higher. The Nifty Smallcap index gained 0.5%, marking another record close, while the Nifty Midcap index declined 0.4% after touching all-time highs in the previous session. Market Breadth: A total of 2,023 stocks advanced, 2,058 declined, and 200 remained unchanged, reflecting a mixed but resilient market trend. Investment in securities market are subject to market risks. Read all the related documents carefully before investing

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