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Market Breaks Three-Day Losing Streak, Closes Higher on Positive Global Trends

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The stock market broke its three-day losing streak, closing higher with the Nifty surpassing the 24,600 mark. This upsurge was driven by positive global market trends and broad-based buying across various sectors, except for real estate.

At the end of the trading session, the Sensex gained 260.74 points, a 0.32% increase, closing at 80,998.25. The Nifty also rose by 77.70 points, equivalent to a 0.32% gain, finishing at 24,620.20.

Mid and small-cap stocks closed positively, with the BSE Midcap and Smallcap indices increasing by 0.76% and 0.58%, respectively. The total market capitalization for BSE-listed companies rose to ₹445 lakh crore from ₹443 lakh crore in the prior session. The volatility index, India VIX, decreased by 4.89% to 15.75.

On the Nifty, approximately 32 stocks advanced, with notable gainers including Eternal, which rose by 3.21%, Jio Financial Services at 2.36%, and IndusInd Bank up by 1.79%. Conversely, the biggest losers were Bajaj Finserv (down by 1.63%), Trent (down by 1.43%), and Eicher Motors (down by 1%).

Most major sector indices ended the day in the green, apart from Nifty Realty, which fell by 0.70%. Nifty Oil & Gas increased by 0.67%, and the Metal sector rose by 0.60%, both showing solid gains. Additionally, the Nifty Bank, PSU Bank, and Private Bank indices experienced modest increases of 0.14%, 0.24%, and 0.08%, respectively.

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Paytm’s stock climbed by 2% following the establishment of a wholly owned subsidiary in Singapore by its arm, Paytm Cloud Technologies. Tata Motors also gained 2%, ending its three-day downturn, despite Nomura maintaining a neutral rating on the stock.

The market is currently focused on the Reserve Bank of India’s monetary policy decision set for Friday, alongside the European Central Bank’s announcement on Thursday. In global markets, US stock indexes closed higher, bolstered by gains from Nvidia and other chipmakers, as investors anticipate potential negotiations between the United States and its trading partners.

Asian markets also showed positive movement, driven by technology shares, while European stocks were trading upward, with CAC and DAX indexes each up nearly 1%.

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RBI Ends Special Dollar-Rupee Swap Window Early Amid Strong Demand

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Mumbai: The Reserve Bank of India (RBI) has decided to close its special forex swap facility for fresh FCNR deposits early.

The facility will now close on August 31, the RBI said on Friday.

The central bank said the decision was taken after receiving an encouraging response. The facility has attracted $52.3 billion through fresh foreign currency deposits.

Banks can continue to undertake swaps with the RBI against FCNR deposits raised under the facility until September 11.

Meanwhile, the schemes for External Commercial Borrowings and Overseas Foreign Currency Borrowings will remain open until December 31, 2026.

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The RBI launched the special US dollar-rupee forex swap facility on June 8. It allowed banks to raise fresh three-to-five-year FCNR deposits.

Banks could then swap these deposits with the RBI at a concessional rate. The facility effectively covered the entire hedging cost for banks.

The strong response to the scheme led the RBI to bring the facility to an early close.

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Leksa Lighting Technologies Named among India’s Top 100 MSMEs

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Moodbidri: A dream that began in the rural area of Niddodi in Moodbidri has now gained national recognition. Leksa Lighting Technologies Pvt. Ltd., founded by Ronald Sylvan D’Souza, has been recognised as one of India’s Top 100 MSME companies.

The prestigious national recognition was presented by the MSME Udyog Foundation at a ceremony held in New Delhi on August 8, 2026.

Ronald Sylvan D’Souza started his entrepreneurial journey from a humble background. Through hard work, discipline and continuous efforts, he built Leksa Lighting Technologies into a recognised lighting technology company.

The company has focused on quality, technological innovation and indigenous manufacturing. Research and development have also played an important role in its growth.

Leksa Lighting has adopted Japanese work practices to improve its manufacturing and operational standards. The company has also worked towards developing quality lighting solutions in India.

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What began as a dream in rural Karnataka has now reached different parts of the country. The company is also making its presence felt in international markets.

Speaking about the recognition, Ronald Sylvan D’Souza said the award was not an individual achievement. He credited the entire Leksa team, customers, business partners, family members and everyone who supported the company.

He said he was proud and happy to see a dream that began in Niddodi and Moodbidri receive recognition at the national level.

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The achievement highlights the potential of rural entrepreneurs. It also shows that determination, discipline and consistent hard work can help a business from a rural area achieve success on a national platform.

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Leksa Lighting Technologies’ journey stands as an example of how a local dream can grow into a nationally recognised enterprise.

 

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Vehicle Prices to Increase from August 1

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New Delhi: Buying a new vehicle is set to become more expensive from August 1, adding to the financial burden on consumers. Several automobile manufacturers have announced a price hike due to rising production costs.

The increase is mainly driven by higher prices of raw materials and components. The cost of steel, aluminium, rubber, plastic, electronic chips, batteries, and spare parts has gone up in recent months. Global market changes caused by ongoing conflicts and inflation have also increased manufacturing expenses.

As a result, vehicle companies have decided to raise the prices of new models. Customers planning to purchase a new vehicle are likely to pay more from August 1.

The price hike is also expected to affect the travel and transport industry. Travel agencies and tour operators say buying new cars, SUVs, and other passenger vehicles will become more expensive.

Operators have already been facing higher expenses due to increased fuel prices and toll charges. With the additional cost of new vehicles, many travel agencies are preparing to revise their rental charges.

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The Karnataka Travels Association has indicated that travel fares may be increased to manage the rising operating costs. Passengers may have to pay more for each trip if the revised rates are implemented.

Meanwhile, several automobile manufacturers have already published details of the upcoming price increase on their official websites. Consumers planning to buy a new vehicle may consider making their purchase before the revised prices come into effect on August 1.

 

 

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