Benchmark indices surged for the seventh consecutive session, fueled by strong buying in IT, auto, and pharma stocks. LTIMindtree shares rallied 5%, while Axis Bank fell 0.89% and Hindustan Unilever rose 1%. Analysts recommend monitoring key support and resistance levels for potential breakouts and reversals in these stocks.
Nifty Weekly Outlook: Reversal confirmed, big moves expected around August 8, says Harshubh Shah
The Indian equity market ended its fifth straight week in the red, with the Nifty50 falling over 1%. July 29 marked a crucial reversal point
August 3, 2025