Sensex Extends Gains to Fifth Day
2026-08-04 04:41
By
Jereli Escobar
1 min. read
India’s BSE Sensex rose about 0.3% to 78,857 on Tuesday, marking a fifth straight day of gains, even as broader market sentiment remained cautious following the previous session's technically driven rally.
Life Insurance Corporation of India (LIC) was among the biggest drags on sentiment, with its shares tumbling around 6.7% after the government announced plans to sell up to a 6.5% stake through an offer for sale.
The benchmark Nifty 50 traded lower after Monday's late-session rally, which was largely driven by a new closing auction process rather than a broad improvement in market sentiment.
Investors also remained watchful of external risks, including geopolitical tensions in the Middle East and their potential impact on crude oil prices and the Indian rupee, while awaiting further domestic and global cues.
Among notable movers included Ather Energy (13.5%), Restaurant Brands Asia (10.9%), Deepak (6.3%), KEI (6.3%), and CG Power (5.6%).