On August 2nd, the domestic benchmark indices in India closed lower for the second consecutive day due to significant selling pressure in various sectors, including banking, financial services, metal, realty, and oil & gas stocks.

This decline was driven by weak economic data from the United States, the eurozone, and China, which led to cautious sentiments across global equities.

Both the Sensex and Nifty indices experienced a decline of over 1% during the day. The Sensex lost 676.53 points, closing at 65,782.78, while the Nifty settled at 19,526.55, down 207 points from its previous close.

Out of the 50 blue-chip stocks, 45 traded below the flatline. Notably, Hero MotoCorp, Tata Steel, Tata Motors, Bajaj Finserv, and NTPC were among the top laggards, with their stocks recording losses between 3.49% and 2.64%. On the other hand, Divi’s Laboratories, Nestle India, Hindustan Unilever, Asian Paints, and Tech Mahindra were the top gainers in the Nifty basket. Among them, Nestle India, Hindustan Unilever, and Asian Paints also emerged as major gainers on the BSE (Bombay Stock Exchange).

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