Nifty 50 Closed 1.60% Higher, Closing Auction Session Became Effective
- Share.Market
- 11 min read
- 03 Aug 2026
Here’s a quick wrap-up where we break down the performance of key indices, top corporate movers, and the major economic headlines of the day.
Nifty 50 and Sensex closed with gains for the fourth session in a row! Nifty 50 closed 1.60% higher at 24,774 points, while the Sensex gained merely 0.70% in comparison and closed at 78,639 points. The Closing Auction Session (CAS) has become effective; auto stocks have started reporting their sales data, and quarterly earnings and management commentary drove certain stocks higher. The Indian Rupee closed at 95.34 against the US dollar, compared with 95.38 in the previous session.
Key Indices – Share Market
Today’s Top News from the Indian Share Market
The luxury watch retailer’s shares surged by nearly 20% after the company reported a 47% increase in its net profit to ₹28 crore in Q1FY27 (April-June quarter) from ₹19 crore in the same quarter a year ago. Its revenue increased by 34% to ₹462 crore from ₹346 crore in the year-ago period.
URBANCOThe home convenience services provider’s share price surged as much as 17% in response to its quarterly results. Revenue for the quarter grew by 44% from last year to ₹528 crore, however its net loss widened to ₹92 crore. On the bright side, the amount lost per InstaHelp order decreased from ₹447 to ₹346.
MOBIKWIKThe company’s shares gained after it reported its third profitable quarter. The fintech’s revenue from operations increased to ₹281 crore in Q1FY27, compared to ₹271 crore a year ago. It posted a net profit of ₹7.6 crore for the June quarter, compared with a loss of ₹41 crore in the same quarter a year earlier.
The automaker reported a significantly improved June-quarter performance. Its net loss narrowed to ₹51 crore, a marked improvement from the ₹178.2 crore loss reported in the corresponding quarter last year. Revenue rose 88.8% year-on-year to ₹1,217 crore.
IEXIn a setback for the energy exchange, the Supreme Court has allowed the Central Electricity Regulatory Commission (CERC) to go ahead with framing market coupling regulations, even through IEX had approached the apex court seeking a stay order or a complete halt. The company contended that its own commercial success “can’t be nationalised,” and questioned whether exchanges as different as BSE and NSE could simply be “clubbed together” under a common framework.
SEBI’s New Closing Auction Session (CAS) Explained
Picture this: It’s 3:29 PM on a typical trading day. You are holding a position in a stock, watching the price tick along smoothly. Suddenly, a flood of large orders hit the market in the final few seconds. The closing price shifts sharply away from where the stock traded for most of the afternoon, leaving you wondering how the closing price moved so drastically in a matter of moments.
This end-of-day volatility is precisely what the Securities and Exchange Board of India (SEBI) is working to streamline.
Starting August 3, 2026, the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will implement a major shift in how closing prices are calculated for high-liquidity stocks through the Closing Auction Session (CAS). Read More
Broader Market Performance Today
INDIA VIX
Top Performing Sectors Today
*Prices shown may have delay up-to 15 minutes
Today’s Top Gainers and Losers
*Prices shown may have delay up-to 15 minutes
FII DII Activity (₹ Cr)
| Date | FII (Net Value) | DII (Net Value) |
| 31 Jul 2026 | 277.48 | 2,260.37 |
| 30 Jul 2026 | 3,623.51 | -1,864.03 |
| 29 Jul 2026 | 2,981.87 | 998.02 |
| 28 Jul 2026 | 755.33 | 1,664.16 |
| 27 Jul 2026 | -1,688.23 | 2,329.14 |
| Month-to-Date | 5,778.99 | 32,838.88 |
What’s Happening Beyond Markets?
- .Petrol and diesel sales by India’s Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) rose sharply in July as below-normal monsoon rainfall boosted fuel demand from farmers and motorists.
- India’s coal production grew 7.51% and dispatch rose 17.34% in July 2026, Ministry of Coal data shows. Production hit 69.75 MT, dispatch 86.33 MT.
- Indian Oil Corporation (IOC) has reduced the price of commercial LPG cylinders from August 1, offering relief to restaurants, hotels, caterers and other businesses that rely on the fuel for daily operations. The prices of domestic LPG cylinders remain unchanged.
- Indian Oil Corporation (IOC) has increased the price of aviation turbine fuel (ATF) supplied to domestic airlines by ₹5 per litre, effective August 1. This is expected to increase fuel costs for domestic carriers.
- The Union Cabinet has extended the PM-Kisan income support scheme for another five years, approved a bigger Khelo India programme (₹36,441 crore), and cleared a new floating solar initiative (₹ 5,070 crore), together committing over ₹3.5 lakh crore towards farmers, sports and clean energy.
Morning Star & Evening Star Candlestick Patterns Explained
Corporate Actions
Ex Date and Record Date: 05 Aug 2026
To qualify for a dividend, investors must buy shares before the ex-dividend date. This accommodates the trade settlement period, ensuring that they are officially registered as shareholders by the record date.
| Stock | Event Type | Details |
| Ajanta Pharma Ltd. | Interim Dividend | ₹32.00 per share |
| Bayer Cropscience Ltd. | Final Dividend | ₹60.00 per share |
| Berger Paints (India) Ltd. | Dividend | ₹4.00 per share |
| Brigade Enterprises Ltd. | Final Dividend | ₹2.00 per share |
| Hyundai Motor India Ltd. | Final Dividend | ₹21.00 per share |
| IRB Infrastructure Developers Ltd. | Interim Dividend | ₹0.05 per share |
| TD Power Systems Ltd. | Final Dividend | ₹1.10 per share |
| Vedanta Aluminium Metal Ltd. | Interim Dividend | ₹8.00 per share |
IPO Corner: Mainboard
Active & Upcoming IPOs
| Company | Date | Total Issue Size | Issue Price | Minimum Investment | Subscription Status |
| Juniper Green Energy Ltd. | 30 Jul to 03 Aug, 2026 | ₹1,800 Cr | ₹214 to ₹225 | ₹14,124 | 7.97x subscribed |
| MV Electrosystems Ltd. | 30 Jul to 03 Aug, 2026 | ₹290 Cr | ₹400 to ₹425 | ₹13,600 | 188.81x subscribed |
| Ardee Industries Ltd. | 5 Aug to 7 Aug, 2026 | ₹426 Cr | ₹50 to ₹53 | ₹14,050 | NA |
Upcoming Results (Nifty 500 Stocks) – July 30, 2026
GlaxoSmithKline Pharmaceuticals Ltd.
Indian Renewable Energy Development Agency Ltd.
Krishna Institute of Medical Sciences Ltd.
Great Eastern Shipping Company Ltd.
Computer Age Management Services Ltd.
Back to Basics
Terms that put you one step ahead – every day
ASBA Meaning in IPO: How Does It Protect Your Money?
Before 2016, IPO investors often transferred funds upfront and faced refund delays of weeks for unallotted shares. ASBA (Application Supported by Blocked Amount) changed this by blocking funds in your own bank account without a transfer.
ASBA became mandatory for all public and rights issue applications from January 1, 2016, per SEBI regulations, applying to retail, non-institutional, and qualified institutional buyers. This shift improved efficiency, reduced timelines (now often T+3 listing), and protected investor funds. Read More
Before You Go…
Markets aren’t just charts and tickers; they’re daily tales of ambition and the quiet courage to stay invested.
We’ll be back to cut through the noise, so you can focus on investing intelligently.
