Stock Market Today, August 3: Sensex Opens 788 Points Higher as Nifty Crosses 24,550 on Falling Crude

The stock market today opened sharply higher, with the BSE Sensex gaining around 788 points, or about 1%, to start the session at 78,883.34, while the Nifty 50 added 189.1 points to open at 24,572.70. The gap-up start came after crude oil prices fell sharply following the United States' decision to hold off on fresh military action against Iran.

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In the previous session on Friday, July 31, the stock market had closed higher for a third straight day, with the Sensex ending 166 points, or 0.21%, higher at 78,094.64 and the Nifty 50 advancing 66 points to settle at 24,383.60. GIFT Nifty futures had already signalled today's stronger open, surging around 180 points, or 0.74%, to 24,628 in early trade.

Index	Previous Close (Jul 31)	Today's Open	Change
Sensex	78,094.64	78,883.34	+788.7 pts
Nifty 50	24,383.60	24,572.70	+189.1 pts

Stock Market Today: Top Gainers and Global Cues

In the stock market today, early gainers on the Sensex included IndiGo, ITC, Bajaj Finance, Infosys and Tata Steel, with IndiGo leading the pack, up around 3.4% in early trade. Broader indices also traded in the green, with the BSE Midcap Select index and Smallcap Select index both advancing. Brent crude fell as much as 7% to touch $81.93 a barrel, tracking easing geopolitical tensions in West Asia after Trump agreed to halt strikes on Iran.

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Stock Market Today: Asian Markets and FII/DII Activity

Elsewhere in the stock market today, Asian peers were mixed to lower despite the drop in crude oil, with Japan's Nikkei down 1.5%, China's Shanghai Composite off 0.64%, Hong Kong's Hang Seng down 0.1% and South Korea's KOSPI sharply lower. US markets had ended Friday's session higher. On the institutional flows front, FIIs bought shares worth Rs 277.48 crore on July 31, while DIIs purchased Rs 2,260.37 crore worth of equities the same day.

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Stock Market Today: Events and Levels to Watch

The stock market today also has the RBI's monetary policy committee outcome and PMI data releases in focus, both of which could influence the direction of trade through the session. According to Bajaj Broking Research, the Nifty's bias remains positive, with dips seen as a buying opportunity toward the 24,500-24,600 resistance zone, a level marking the confluence of the July and April 2026 highs. A break above this zone would signal a breakout from three months of consolidation.

Conclusion

The stock market today started on a strong note, with the Sensex and Nifty gapping up sharply as crude oil prices tumbled on easing Middle East tensions. With the RBI policy outcome and PMI data still ahead, investors should watch for volatility later in the session, and consult a SEBI-registered advisor before making investment decisions.

Frequently Asked Questions

How did the stock market open today?

Ans. The stock market today opened sharply higher, with the Sensex up around 788 points at 78,883.34 and the Nifty 50 up 189 points at 24,572.70.

Why is the stock market up today?

Ans. The stock market today rose mainly because crude oil prices fell sharply after the US held off on fresh military action against Iran, easing inflation and geopolitical concerns.

What were the top gainers in the stock market today?

Ans. Early gainers in the stock market today included IndiGo, ITC, Bajaj Finance, Infosys and Tata Steel, with IndiGo leading the advance.

How did Asian markets perform alongside the Indian stock market today?

Ans. Asian markets were mixed to lower in the stock market today despite falling crude oil, with Japan's Nikkei, China's Shanghai Composite, Hong Kong's Hang Seng and South Korea's KOSPI all trading down.

What were the FII and DII flows heading into today's session?

Ans. FIIs bought shares worth Rs 277.48 crore and DIIs bought Rs 2,260.37 crore on July 31, the session before today's gap-up open.

What events could move the stock market today?

Ans. The RBI's monetary policy committee outcome and PMI data releases are in focus and could influence market direction later in the stock market today.

Where can I track Sensex and Nifty live?

Ans. You can track Sensex and Nifty levels, top gainers and losers live on the Univest Screener and the Univest app.