Metal Stocks Ignite 🔥: Sensex Rockets 391 Points in Afternoon Frenzy
Bulls trampled bears as India's benchmark index rode a wave of metal-sector euphoria. Here's how the drama unfolded.
Metals melt up (surprise, surprise)
Forgotten what a real rally feels like? The Sensex just delivered a masterclass—391 points of pure adrenaline as mining and smelting stocks carried the market like overpaid sherpas.
Algos vs. fundamentals: Round 9,742
No one bothered checking if the rally made sense—because when has that ever stopped traders chasing momentum? The machines smelled blood and piled in.
Another day, another paper gain
Congratulations, bagholders—your portfolio just got more inflated than a central banker's ego. See you tomorrow for the inevitable profit-taking carnage.
Also read
Sensex reclaims 81,000 level, metal & auto stocks lead; Delhivery, UPL, Epigral, Sarda Energy, Reliance Power among top movers
Banking and utility stocks faced selling pressure, with Power Grid Corporation declining 0.77 per cent to ₹289. HDFC Life Insurance dropped 0.74 per cent to ₹736.20, while Oil and Natural Gas Corporation slipped 0.68 per cent to ₹235.18. HDFC Bank, despite being among the most traded stocks by value, fell 0.57 per cent to ₹2,000.80, and State Bank of India declined 0.42 per cent to ₹790.70.
Market breadth remained positive across the BSE, with 2,148 stocks advancing against 1,798 declining issues. A total of 108 stocks hit their 52-week highs, while 111 touched their 52-week lows. The broader market showed stronger momentum than the benchmarks, with the Nifty Midcap 100 surging 1.02 per cent to 57,216.10.
Sectoral performance was mixed, with the Nifty Next 50 gaining 0.87 per cent to 66,768.80, while banking indices remained subdued. The Nifty Financial Services index managed a marginal 0.03 per cent gain to 26,500.35, and the Nifty Bank index ROSE just 0.05 per cent to 55,645.40.
Trading activity remained robust, with 238 stocks hitting their upper circuits against 228 in lower circuits. The session reflected continued domestic institutional buying support against persistent foreign institutional selling, as markets navigated ongoing concerns about US-India trade relations and global economic uncertainties. Analysts maintained their cautious outlook, recommending selective stock picking amid the current market volatility.
Published on August 4, 2025
Companies to follow- Tata Steel Ltd
- Eicher Motors Ltd
- Hero MotoCorp Ltd
- JSW Steel Ltd
- Power Grid Corporation of India Ltd
- HDFC Life Insurance Company Ltd
- HDFC Bank Ltd
