August 3, 2026 at 11:03 AM 2 min readmarketsbreaking
Sensex And Nifty Open Higher As Gift Nifty Signals Gap-Up Start
Market Opening And Index Gains:
Indian benchmark indices Sensex and Nifty 50 opened positively on Monday, August 3, 2026, driven by easing crude oil prices and positive global cues. The Gift Nifty pointed to a gap-up start around 24,589.5, building on Friday's session where the Sensex closed up 166.49 points at 78,094.64 and Nifty gained 66.45 points to settle at 24,383.60.
Technical Outlook And Support Levels:
Market analysts noted that the Nifty 50 strengthened its bullish structure by surpassing the 200-day exponential moving average around 24,370. Immediate support was identified at 24,270, with potential upside movement toward 24,600 and a decisive breakout targeting 24,800 to 25,000 levels.
Corporate Actions And Policy Focus:
Chavda Infra announced a board meeting scheduled for August 6, 2026, to consider bonus shares and dividend issuances, lifting its shares by 4%. Meanwhile, investor caution prevailed regarding the upcoming Reserve Bank of India Monetary Policy Committee meeting outcomes.
Pulse Intelligence
Context & ImpactContext & Background
- Indian stock indices closed higher in the preceding Friday trading session amid fluctuating global macroeconomic signals.
- Crude oil prices moderated in international markets prior to the Monday trading session.
- The Reserve Bank of India Monetary Policy Committee commenced its policy evaluation cycle.
Key Consequences
- Nifty 50 will test immediate resistance zones around 24,600 following the gap-up opening.
- Investors will adjust equity positions in anticipation of the Reserve Bank of India policy announcement.
- Mid-cap infrastructure stocks like Chavda Infra will experience heightened trading activity ahead of bonus share announcements.
Market & Economic Impact
Sensex and Nifty opened higher on August 3, 2026, supported by positive Gift Nifty cues and declining crude oil prices.
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