Indian stocks opened the week on a positive note with benchmark indices gaining nearly 1%, led by strong performances in banking and select heavyweight stocks. The Nifty 50 rose 0.91% to 24,585 points, while the S&P BSE Sensex climbed 0.93% to 80,604 points, reclaiming the 80,000 level. The broader market indices, including the Nifty Midcap 100 and Smallcap indices, also saw gains of about 1%. Key contributors included HBL Engineering, DOMS Industries, and tech companies like PB Fintech and Swiggy. Market sentiment was buoyed by hopes for a US-India trade agreement ahead of upcoming US tariffs and anticipation around US inflation data influencing Federal Reserve policy.
India’s stock markets started the week on a bullish note, with the Nifty 50 and S&P BSE Sensex gaining nearly 1%, led by robust performances in banking stocks and select heavyweights. The Nifty 50 closed 0.91% higher at 24,585 points, while the Sensex advanced 0.93% to reclaim the 80,000 mark at 80,604 points. Broader market indices such as the Nifty Midcap 100 and Smallcap indices also rebounded sharply, each gaining close to 1%.
Investor sentiment was supported by optimism over a potential trade agreement between India and the United States ahead of the upcoming US tariffs, along with focus on critical US inflation data that could influence Federal Reserve monetary policy. President Donald Trump’s tariffs, which started at 25% last week with further increases scheduled, have raised hopes for negotiations ahead of key international summits.
Among the top gainers, HBL Engineering surged 13.2% to ₹679 after a strong June-quarter financial performance. DOMS Industries climbed 11.5% to ₹262.50, reacting positively to robust quarterly results. Sai Life Sciences continued its upward trend, rising 7%, while Transformers & Rectifiers snapped a losing streak with a 7% gain.
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Tech stocks under the spotlight included PB Fintech, One97 Communications, and Swiggy, which rallied up to 5.5%, reflecting growing investor interest in new-age digital firms. Other notable gainers included JM Financial, Kalpataru Projects, and Adani Enterprises, with gains ranging between 3% and 5%.
On the downside, 25 stocks closed lower, led by a 14.1% drop in PG Electroplast to ₹506, extending a recent sell-off. Amber Enterprises shed 6%, closing at ₹6,912, while Multibagger Action Construction Equipment fell 6.5% to ₹1,008.6. Stocks such as PTC Industries, Schneider Electric, International Gemmological Institute, and Sonata Software saw declines between 2% and 5.6%.
Market analysts highlight that the current rebound reflects investor confidence in India’s banking sector and tech innovation despite ongoing global uncertainties such as trade tariffs and inflation pressures. The focus remains on upcoming earnings announcements and macroeconomic data that could shape market direction in the near term.
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