Stock Watch — August 4, 2026
Market Day Summary | Not investment advice
📊 INDICES
| Index | Prev Close (Aug 3) | Change | % Change |
|---|---|---|---|
| Nifty 50 | 24,774.30 | +390.71 | +1.60% |
| Nifty Bank | 58,247.95 | +985.25 | +1.72% |
| FinNifty | 26,773.50 | +178.10 | +0.67% |
| Nifty IT | 31,715.25 | +1,005.85 | +3.28% |
| India VIX | 11.99 | +0.23 | +1.96% |
GIFT Nifty (Aug 4 pre-market): 24,647 (-18 pts, -0.07%) ➡️ Flat-to-mildly positive open expected.
Macro context:
- Nifty logged 4th consecutive winning session, breaking above 24,700 for the first time in 3 months
- Brent crude plunged ~5% to $84/barrel on US-Iran talks optimism
- Rupee strengthened 12 paise to ₹95.31/USD — 6th straight day of gains
- RBI MPC meeting underway; status quo on rates widely expected
- NSE implemented new Closing Auction Session (CAS) from Aug 3 — F&O extended to 3:40 PM
🏦 BANKS — Digital Payments Focus
| Bank | Symbol | Prev Close | Change % | Key Levels | Expectation |
|---|---|---|---|---|---|
| HDFC Bank | HDFCBANK | 752.95 | ↗️ | R: 780, S: 730 | FCNR(B) mobilisation ($1.4B) supports liquidity; watch RBI policy |
| ICICI Bank | ICICIBANK | 1,447.80 | ↗️ +1.02% | R: 1,480, S: 1,410 | Top FCNR(B) mobiliser at $3.69B; key contributor to Bank Nifty |
| SBI | SBIN | 1,045.00 | ↗️ +1.71% | R: 1,070, S: 1,025 | No. 1 PSB in FCNR(B) at $4.12B; breaks above 100-DMA; earnings Aug 7 |
| Axis Bank | AXISBANK | 1,272.00 | ↗️ +3.46% | R: 1,310, S: 1,230 | Strong rally; FCNR(B) $1.58B; analysts target ₹1,500-1,622 |
| Kotak Bank | KOTAKBANK | 393.45 | ↗️ | R: 420, S: 380 | FCNR(B) $1.65B; Motilal target ₹470 |
Banking sector note: Private banks dominated FCNR(B) mobilisation — ICICI ($3.69B), Kotak ($1.65B), Axis ($1.58B), HDFC ($1.40B). Total FCNR(B) inflows hit $28B after RBI swap facility. SBI earnings due Aug 7.
💳 FINTECH — Pure Play
Digital Payments & Wallets (B1)
| Company | Symbol | Prev Close | Change % | Key Levels | Expectation |
|---|---|---|---|---|---|
| Paytm | PAYTM | 1,410.00 | ↗️ +4.99% | R: 1,440, S: 1,350 | Hit 52-week high ₹1,407; early investors selling ₹2,021cr block deal Aug 4 — watch for pressure |
| MobiKwik | MOBIKWIK | 214.77 | ↗️ +4.66% | R: 230, S: 200 | Q1 profit ₹7.6cr turnaround; ZIP EMI GMV +126% YoY; 52W high ₹334 |
Insurance & Credit Marketplaces (B2)
| Company | Symbol | Prev Close | Change % | Key Levels | Expectation |
|---|---|---|---|---|---|
| PB Fintech (PolicyBazaar) | PBFINTECH | 1,632.30 | ↗️ +1.94% | R: 1,700, S: 1,550 | Steady gains; 52W range ₹1,364-1,974 |
Payment Infrastructure & Gateways (B3)
| Company | Symbol | Prev Close | Change % | Key Levels | Expectation |
|---|---|---|---|---|---|
| Pine Labs | PINELABS | 138.97 | ➡️ +0.86% | R: 150, S: 130 | Last updated Jul 31; low volume name |
| Infibeam Avenues | INFIBEAM | N/A | — | — | Data not available |
| NPST | NPST | N/A | — | — | Data not available |
Payments Banking & Cards (B4)
| Company | Symbol | Prev Close | Change % | Key Levels | Expectation |
|---|---|---|---|---|---|
| SBI Cards | SBICARD | N/A | — | — | Part of FinNifty constituents; data not updated |
| Fino Payments Bank | FINOPB | N/A | — | — | Data not available |
ATM & Cash — Peripheral (B5)
| Company | Symbol | Prev Close | Change % | Key Levels | Expectation |
|---|---|---|---|---|---|
| AGS Transact | AGSTRA | ⚠️ N/A | — | — | Under CIRP (Corporate Insolvency Resolution Process) |
📰 Sector News
Payments Act amendment may open door to future UPI MDR charges — proposed amendment shifts power to notify fee-protected payment modes to Centre; industry sees precursor to UPI MDR (Business Standard)
RBI MPC meeting underway — rate decision expected Aug 7-8; status quo widely expected; market watch on liquidity guidance and FCNR(B) swap facility impact
FCNR(B) deposits surge $28B after RBI swap window — ICICI leads private banks ($3.69B), HSBC tops overall ($6.14B), SBI leads PSBs ($4.12B) (BusinessLine)
Paytm block deal alert — Early investors looking to sell shares worth ₹2,021 crore through block deal on August 4 (Moneycontrol)
MobiKwik Q1 turnaround — Net profit ₹7.6 crore vs net loss ₹419.2 crore YoY; payments GMV at all-time high for 13th consecutive quarter (NDTV Profit)
NSE new Closing Auction Session — From Aug 3, stocks in F&O category close at 3:15 PM, non-F&O at 3:30 PM, derivatives at 3:40 PM. First day saw unusual Nifty-Sensex divergence (Financial Express)
India proposes extending Apple contract mfg tax breaks to 2041 — India set to make 26% of world iPhones in 2026 (Reuters)
Summary as of 08:15 IST, August 4, 2026 Sources: Moneycontrol, NSE India, Economic Times Markets, HDFC Sky, Yahoo Finance, Business Standard Disclaimer: AI-generated for educational purposes. Not investment advice. For informational purposes only.