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Below the Quote on Closing Market Summary 4th Aug 2025 by Hardik Matalia, Derivative Analyst - Research at Choice Equity Broking Private Limited 

"Indian equity markets ended higher on August 4 amid significant intraday volatility. At the close, the Sensex rose by 418 points or 0.52 percent to settle at 81,018.72, while the Nifty 50 advanced 157 points or 0.64 percent to close at 24,722.75. Market breadth was positive, with 2,047 shares advancing, 1,607 declining, and 154 remaining unchanged. 

The Nifty 50 opened on a strong note and briefly moved above its intraday resistance at 24,700. The index maintained its strength throughout the session, and a sustained move above this level could pave the way for a potential uptrend toward 24,850. On the downside, immediate support is seen at 24,650, followed by 24,600—both levels may serve as opportunities for initiating fresh long positions. All major sectoral indices ended in the green, with notable gains in PSU Banks, pharma, realty, IT, metals, telecom, media, consumer durables, and auto—rising between 0.5 to 2.5 percent—indicating broad-based market participation. 

The Bank Nifty showed signs of uncertainty, closing flat near the previous day’s close, reflecting indecision among market participants. Key support levels are placed at 55,500, followed by 55,400 and 55,000. Holding above these levels could allow for further upside, while resistance is expected in the 56,250–56,600 zone. A decisive breakout above this range may trigger a rally toward the psychological 57,000 mark. 

Meanwhile, the India VIX remained nearly flat at 11.96, indicating indecisiveness but continued caution in the market. In the derivatives segment, the highest Call open interest was observed at the 24,800 and 24,950 strike prices, signaling key resistance zones. On the other hand, the highest Put open interest stood at the 24,600 strike, indicating strong support. This positioning suggests that a firm close above 24,800 would be crucial to reviving bullish momentum and improving overall market sentiment. "

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