Market Report: 4th Aug 2023

Following global signals, the Nifty 50 opened higher at 19,482.45. Global market indices also rose in the first trading session. Major sector indices opened in positive territory and Nifty Pharma fueled the rally by outperforming by 1%. Sector indices such as Nifty Bank, Nifty Financial Services, and Nifty IT posted positive gains.

Pharmaceutical maker Cipla comes to light after a report that Blackstone, the world's largest private equity fund, intends to make a non-binding offer to acquire more than the "promoter's 33% stake" in the company. This report helped Cipla gain more than "5%" and makes it the biggest gainer in the Nifty 50 index.

In the Indian market, after the release of the first quarter results of 23-24, the share price of the online food delivery platform "Zomato" gained more than 10%.

The main winners are:

  • Cipla: 3.53%
  • Banca IndusInd: 3.01%
  • MotoCorp Hero: 1.12%
  • Infotech Larsen and Toubro: 1.21%
  • Power grid company: 0.58%

The main losers are:

  • Bajaj Auto; -2.53%
  • State Bank of India (SBI): -2.93%
  • Bharat Petroleum Corporation Limited (BPCL): -2.04%
  • Maruti Suzuki India: -1.01%
  • Tata Motors; - 0.51%

The average profit on Nifty 50 for all winners: 1.1187%

The average loss in the Nifty 50 of all losers; -0.7255%

In Bank Nifty, all 12 stocks were surging. Nifty PSU Bank is surge by 1.2%, nifty
Private Banks is surge by 1%. IndusInd Bank and PNB were the biggest gainer by 1.1% and 0.7% respectively.

Main Winner:

The stock with the highest percentage gain in this dataset is IndusInd Bank (INDUSINDBK), with a gain of 3.01%.

Big loser:

The stock with the highest percentage loss is State Bank of India (SBIN), with a -2.93% loss.

Average gain = 1.27%

Average Loss = -2.305%

The stock with the biggest positive impact on NIFTY BANK is HDFC Bank (HDFCBANK) with a gain of 1.49%. The stock with the biggest negative impact on NIFTY BANK is the State Bank of India (SBIN) with a loss of -2.93%.

In Nifty Bank 7 shares opened positively (INDUSINDBK, ICICIBANK, KOTAKBANK, AUBANK, HDFCBANK, AXISBANK, and FEDERALBNK). And, 5 stocks opened negative (SBIN, BANKBARODA, IDFCFIRSTB, BANDHANBNK and PNB).

In summary, stock market data shows that IndusInd Bank (INDUSINDBK) was the top winner with a gain of 3.01% and State Bank of India (SBIN) was the top loser with a loss of -2.93%. The average gain among the positively moving stocks was approximately 1.51% and the average loss among the negatively moving stocks was approximately 2.93%.