Nifty 50 snaps four-day winning streak, falls 141 points to 24,643
The Nifty 50 index lost 141 points, or 0.6%, to 24,643 on Tuesday, ending its four-day winning streak after volatility from the new closing auction session unsettled traders.
Source: indiatimes.com · August 6, 2026 at 5:06 PM · AI-assisted report
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WASHINGTON, 7 AUGUST 2026 —
The Nifty 50 index lost 141 points, or 0.6%, to 24,643 on Tuesday, ending its four-day winning streak after volatility from the new closing auction session unsettled traders.
Monday’s debut of the exchange-run closing auction system saw an unexpected jump in the Nifty that created divergences between index and stock prices across bourses, traders said. The benchmark had gained 0.7% on Monday to close at 24,784.
Tuesday was the last trading day for investors to buy shares and receive dividends from companies declaring payouts this week, according to Securities and Exchange Board of India settlement rules. Under the T+1 cycle, buyers must settle purchases by Wednesday to ensure shares are credited to demat accounts ahead of Friday record dates.
Earnings momentum supported the market earlier in the week. Thirty-nine Nifty constituents that have reported first-quarter results posted an 11% year-on-year rise in combined profits, according to domestic brokerage Motilal Oswal. The brokerage tracks upgrades for eleven stocks where earnings forecasts have risen more than 3%.
Meesho shares were in focus after Peak XV and Elevation Capital announced plans to sell a 2.3% stake in a block deal valued at 1,900 crore rupees late Monday. The company narrowed its net loss to 133 crore rupees in the June quarter from 383 crore rupees a year earlier, though analysts remain divided on its near-term growth outlook, according to Citi and Morgan Stanley.
The yen held most of its recent gains on Tuesday after last week’s coordinated intervention by Tokyo and Washington to support the currency kept bets on further depreciation in check. Oil prices climbed after Monday’s drop, as supply disruption risks in the Middle East outweighed signs of progress toward a U.S.-Iran diplomatic breakthrough.
Gold steadied as investors balanced signals on potential U.S.-Iran talks against upcoming U.S. jobs data that could influence Federal Reserve policy. Asian equities rose after a Wall Street rally led by technology stocks, while the yen stabilized following its intervention-driven advance.
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