Stock Market Today (4 August 2026): Stocks to Watch, Market Setup & Q1 Results
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Looking for the stock market update today? Here's your complete daily market update for 4 August 2026, covering the latest Indian stock market news today, market outlook today, stocks to watch today, stocks in news today, and Q1 results today. Whether you're tracking the stock market NSE BSE Nifty 50, checking the current stock market trends, or searching for share market news live, this Trader's Breakfast brings together the key developments before the opening bell using today's market data and technical observations.
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Key Takeaways
- US markets closed higher, while Asian markets traded on a mixed note ahead of the Indian session.
- GIFT Nifty indicated a marginally positive start.
- FIIs and DIIs remained net buyers in the cash market.
- Nifty continues to maintain bullish momentum with 24,600 acting as the immediate level to watch.
- National Aluminium, Naukri, and Affle India are today's featured stocks to watch based on their technical setups.
- Jupiter Wagons, IREDA, KEI Industries, and Praj Industries remain among the key stocks in news today.
- Several companies, including Bharti Airtel, Godrej Properties, Nykaa, ONGC, MCX, Marico, and NHPC, are scheduled to announce their Q1 results today.
Watch Today’s Complete Market Outlook
Watch today's Trader's Breakfast with Santosh Meena, Head of Research, Swastika Investmart, for a detailed market outlook, technical analysis, and today's stocks to watch.
https://www.youtube.com/embed/cOIT6re3F1w?si=Ndumf-k41MBl7Rj9
Stocks to Watch Today
National Aluminium
National Aluminium is the first stock featured in today's watchlist. According to the discussion, the stock has formed a classical double-bottom formation near its 200-day moving average, followed by a breakout. Apart from the technical setup, several additional positives were highlighted:
- The company reported good quarterly results.
- Management commentary was positive.
- Brokerage reports remained bullish.
- Aluminium prices on the LME moved higher, which could benefit the company.
These combined factors suggest that the current momentum may continue.
Technical View
According to today's discussion:
- Immediate targets are ₹387–₹390.
- If these levels are crossed, the stock may attempt to move towards the ₹425–₹440 zone.
- A stop-loss around ₹340 was suggested.
- The overall risk-reward was described as favourable.
Naukri
Naukri is the second stock discussed today. The discussion highlighted that strength continues within IT stocks, and recent jobs-related updates have also been positive, supporting the broader sentiment.
Technically, the stock has delivered a flag formation breakout and is trading above all its major moving averages, indicating continued momentum.
Technical View
According to today's discussion:
- The stock appears capable of extending its ongoing momentum.
- An upside towards ₹1,400 was highlighted.
- The stock was recommended to remain on the radar due to its favourable technical structure.
Affle India
Affle India is the third stock on today's watchlist. According to the discussion, the company could benefit from the AI theme. It was also described as operating in the digital content marketing space. From a technical perspective:
- The stock has built a strong base.
- Strong price-volume action was observed.
- The stock is trading above its 200-day moving average.
The discussion suggested that this is more suitable from a positional investment perspective rather than for short-term trading.
Technical View
According to today's discussion:
- If the stock begins trading above ₹1,680, it could revisit its previous highs near ₹2,200.
- The stock was suggested as a positional opportunity based on its current technical setup.
Stocks in News Today
Jupiter Wagons
- Acquired the remaining 1.94% stake in JTRWF for ₹16.53 crore.
- Separately, Italy's Lucchini RS and SIMEST will acquire a 25% stake in JTRWF for about €28 million to develop India's first fully integrated private-sector rail wheel, axle and wheelset manufacturing platform.
IREDA
- Reported a 36.8% year-on-year increase in net profit for the June quarter.
- Net profit rose to ₹337.5 crore in Q1 FY27 from ₹246.7 crore a year earlier.
KEI Industries
- Approved a ₹700 crore investment to expand wires and cables capacity at Salarpur, Rajasthan.
- Operations are expected to commence by September 2028.
Praj Industries
- Subsidiary Praj GenX signed a global supply agreement for hyperscale data centres with a committed business value of ₹500 crore.
Market Setup Today (4 August 2026)
Global Markets
- US markets ended higher (Dow Jones +693 points).
- Dow Futures are trading higher (+141 points).
- Asian markets are trading on a mixed note.
- GIFT Nifty: +3 points.
Data Analysis
Cash Market
- FII: +₹922 crore
- DII: +₹1,571 crore
- Net: +₹2,493 crore
F&O Data
- Nifty PCR: 1.40 vs 1.29
- India VIX: 11.92 (+1.45%)
- Highest Open Interest (04-Aug-26): 24600 CE & 24200 PE
- Max Pain (04-Aug-26): 24550
FII Index Derivatives (Change in Number of Contracts)
- Future Long: +1,784
- Future Short: −20,513
- Call Long: +60,397
- Call Short: +4,402
- Put Long: +80,956
- Put Short: +101,331
Interpretation: FII data remains mixed to positive in F&O.
Technical Outlook
Nifty (Spot)
- Nifty is extending its bullish momentum and is likely to open near the key 24,600 level.
- If it sustains above 24,600, the 200-DMA around 24,775 will be the next upside target.
- 24,530 and 24,370 will act as important support levels.
Bank Nifty (Spot)
- Bank Nifty is maintaining bullish momentum, with 57,800–58,200 acting as the immediate resistance zone.
- A decisive move above 58,200 could lead to the next resistance at 58,600.
- 57,330 and 56,800 remain the immediate support levels.
Q1 Results Today
F&O Companies
- Bharti Airtel
- Godrej Properties
- Kalyan Jewellers
- Marico
- MCX
- NHPC
- Nykaa
- ONGC
- Pidilite Industries
- PNB Housing Finance
- Uno Minda
Frequently Asked Questions (FAQs)
Which stocks are worth watching today?
Based on today's discussion, the stocks to watch today are National Aluminium, Naukri, and Affle India.
Why is National Aluminium on today's watchlist?
According to today's discussion, National Aluminium has delivered a double-bottom breakout near its 200-day moving average, reported good results, received positive management commentary, attracted bullish brokerage reports, and may benefit from higher aluminium prices.
Why is Naukri being watched today?
Naukri has shown a flag formation breakout, is trading above all major moving averages, and continues to benefit from positive jobs-related updates discussed today.
Why is Affle India in focus today?
Affle India has built a strong technical base, is trading above its 200-day moving average, and has witnessed positive price-volume action. The discussion suggested it as a positional stock to watch.
Over to You
Today's discussion highlights National Aluminium, Naukri, and Affle India among the key stocks to watch today based on their current technical setups. As always, traders should monitor price action carefully and follow appropriate risk management before taking any trading or investment decisions. For more daily stocks to watch, market outlook, technical analysis, and stock market updates, keep following Swastika Investmart.
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