“The Nifty picked up right where it left off on Friday, but with an entirely different mood. Rising from the ashes, the index staged a spirited comeback, adding nearly 200 points through the day. The earlier breakdown now seems to have given way to a short-term pullback, as the market brushed aside recent weakness. We’re not completely out of the woods yet, but Monday’s bounce from the recent low carries enough steam to power further gains. Immediate support lies at 24,337, with the next upside targets seen around 24,850 and 25,000,” Rupak De, Senior Technical Analyst at LKP Securities said.
Forty-four Nifty stocks finished in the green. Tata Motors jumped more than 3% after reporting strong June-quarter results, while Adani Enterprises and Trent were also among the top gainers. HDFC Bank rose nearly 1%, contributing significantly to the Nifty’s advance.Larsen & Toubro gained 2% after securing an order worth over ₹15,000 crore from Adani Power. Defence shares snapped a three-day losing streak, with Paras Defence rallying nearly 5%. Zydus Lifesciences added over 2% after receiving US FDA approval for its blood pressure and angina drug, while Lupin rose nearly 2% on the U.S. launch of its glucagon injection emergency kit for diabetes.
Media company Sun TV advanced 4% after its promoter family withdrew all legal notices against the promoter. Doms Industries jumped over 11% and DEE Development surged 14% on robust quarterly results. Bajaj Consumer Products gained more than 2% after posting strong earnings.
In contrast, air conditioning companies fell on weak earnings and guidance cuts, with PG Electroplast among the major laggards. Newly listed National Securities Depository Ltd (NSDL) declined more than 2%, marking its first drop since debut.
The Nifty Bank index rose 506 points to 55,511, while the Nifty Midcap 100 index added 477 points to 56,479. Market breadth remained positive, with the advance-decline ratio at 1:1.
First Published: Aug 11, 2025 3:47 PM IS
