Nifty 50 is holding on to modest gains near 24,610 in the mid-session after the RBI’s rate decision cooled an early rally, while a sharp 4.7% crash in Brent crude below $80 a barrel is giving oil-sensitive stocks a lift. Here’s your midday markets snapshot.
📊 Mid-Session Market Action
The Sensex opened sharply higher, up 626.43 points (0.79%) at 79,055.38, and the Nifty added 54.3 points to open at 24,669.20, tracking a strong rally on Wall Street and a 3.3% surge in Japan’s Nikkei 225. Gains cooled through the morning as the RBI’s Monetary Policy Committee held the repo rate steady at 5.25% with a neutral stance, broadly in line with expectations. Nifty Realty jumped about 2.5% on the back of the rate hold, while by midday the Sensex was hovering near 78,900-79,000 (up roughly 200 points) and the Nifty was trading close to 24,600-24,650. Indigo led gainers, up 2.25%, with Bharti Airtel, L&T, Mahindra & Mahindra and UltraTech Cement also in the green. Titan was the top loser, down over 0.6%, alongside TCS, HDFC Bank, Sun Pharma and BEL. The BSE Midcap Select Index added 143 points and the Smallcap Select Index rose 0.56% to 8,952.26, showing broader participation beyond the headline indices.
₿ Crypto Pulse — 11 AM Update
Bitcoin is changing hands around $63,565 (about ₹60.6 lakh), up 0.7% over 24 hours, with BTC dominance steady near 56% of the roughly $2.27 trillion total crypto market cap, itself up 1.1% on the day. Ethereum is trading near ₹1,77,139 (roughly $1,857), broadly flat to a touch weaker on the hour. Sentiment remains cautious — the Crypto Fear & Greed Index ticked up slightly to 28, still deep in “Fear” territory — as traders stay defensive ahead of the US CPI print for July due August 12 and watch the CLARITY Act’s stalled progress in the US Senate ahead of its early-August recess.
💰 Live Rates — 11 AM IST
| Asset | Price | Change |
|---|---|---|
| Nifty 50 | ~24,610 | ~flat to +0.1% |
| Sensex | ~78,930 | +0.25% |
| Bitcoin (BTC) | ₹60.6L / $63,565 | +0.7% (24h) |
| Ethereum (ETH) | ₹1,77,139 / ~$1,857 | ~flat (24h) |
| Gold (10g, 24K) | ₹1,43,990 | steady |
| Silver (1kg) | ₹2,34,900 | steady |
| USD/INR | ₹95.37 | +0.04% |
| Crude Oil (Brent) | $79.53 | -4.7% |
📰 Top 5 Stories Making Markets Move Today
- RBI holds repo rate at 5.25%, keeps neutral stance — Governor Sanjay Malhotra flagged that core inflation could keep moderating even as headline inflation ticks up on supply-side pressures. The central bank also unveiled plans to resume licensing for urban cooperative banks and draft directions for rural cooperative banks, sending Nifty Realty up about 2.5% on the rate hold.
- Brent crude crashes below $80 a barrel — Oil tumbled roughly 4.7% to around $79.5-79.8 as easing US-Iran tensions and accelerating OPEC+ supply additions stripped out the geopolitical risk premium that had propped up prices for months. The drop is a tailwind for India’s oil-import bill and aviation and paint stocks.
- FIIs turn buyers, DIIs book profits — Foreign institutional investors bought Indian equities worth about ₹2,446.47 crore on August 4, while domestic institutional investors were net sellers to the tune of roughly ₹936.14 crore, a shift in flows worth watching into the afternoon.
- Manipal Health Enterprises IPO debuts strong — Shares climbed about 10.5% on their first day of trading after the company’s $960 million IPO priced earlier this week, one of the larger listings of the year.
- Global risk-on mood supports Asian markets — Wall Street’s rally to record highs spilled over into Asia, with Japan’s Nikkei 225 surging roughly 3.3%, adding to the constructive global backdrop for Indian equities today.
🎯 Afternoon Watch List
Keep an eye on the RBI Governor’s post-policy press conference commentary at 12 PM for fresh cues on the rate path and liquidity stance — any hawkish or dovish surprise could move banking and realty names sharply. On the index front, Nifty support sits near 24,500 with resistance around 24,750-24,800; a break either way could set the tone into the close. In crude, watch whether Brent stabilizes below $80 or finds a bounce, as that will steer OMC and aviation stocks through the afternoon. In crypto, Bitcoin needs to hold above the $60,000 (~₹57 lakh) support zone to keep sentiment constructive, with all eyes turning toward next week’s US CPI data for the next big directional cue.
Data sourced from live market feeds. Last updated: 11:00 AM IST, 5 August 2026. This is for informational purposes only and not investment advice.
