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Dalal Street closed on a split note on Friday as an afternoon bounce lifted the Nifty 50 by 0.33% to 23,346, while the Sensex surrendered early gains in the final 30 minutes to settle marginally lower. With Brent crude still above $100, central banks turning hawkish, and a high-stakes governance battle erupting at Tata Sons, both indices logged their sixth consecutive weekly decline.
Dalal Street delivered a split verdict on Thursday as cautious optimism wrestled with persistent global macro pressures. While the Nifty managed a 53-point gain to close at 23,270, the Sensex ended flat with a negative bias, weighed down by an aggressive US Fed dot plot, $106 Brent crude, and massive liquidity absorption by the primary market.
Dalal Street halted its multi-session slide on Tuesday as both the Sensex and Nifty staged a relief rally from five-month lows, buoyed by defensive FMCG buying and central bank defense of the rupee. However, with Brent crude stubbornly elevated near $108 and US Treasury yields lingering at 5%, broader market sentiment remains guarded ahead of the Federal Reserve’s rate decision.
Dalal Street finished Monday with a yawn and a sigh of relief.
Indian benchmarks ended higher on Thursday, breaking a six-day losing streak, but the gap between the Sensex and Nifty told the real story of the day — expiry volatility turbocharged by SEBI’s new closing auction.
Dalal Street went into defensive mode on Tuesday. A day after a record closing-auction surge, the Nifty 50 and Sensex both ended in the red as traders trimmed risk ahead of weekly derivatives expiry and digested the impact of SEBI’s new settlement mechanism.
Indian markets finished in the green on Friday, capping July with a second straight month of gains. The rally was less about domestic euphoria and more about global reallocation — money leaving crowded AI trades and landing in India.
Regular market timers on Dalal Street bore witness to an absolute masterclass in technical momentum on August 3, 2026. Unwinding weeks of macro anxiety, the benchmark NSE Nifty 50 posted an explosive 390.70-point surge, climbing 1.60% to settle at a powerful 24,774.30.
Indian markets shrugged off early nerves from a fresh flare-up in the Middle East to close with modest gains on Thursday, as domestic earnings and steady foreign inflows helped offset global headwinds.
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