On August 21, the Indian stock market saw continued positive momentum, with the Nifty 50 index marking its fifth consecutive session of gains. The index closed at 24,770.20, up by 71 points or 0.29 percent. The Sensex also ended the day on a positive note, rising by 102 points or 0.13 percent to close at 80,905.30.

On Tuesday, August 20, the Indian stock market experienced a notable boost, with the Sensex and Nifty 50 both closing significantly higher. The Sensex gained 378 points, or 0.47%, ending at 80,802.86. Similarly, the Nifty 50 rose by 126 points, or 0.51%, closing at 24,698.85. This upward trend was supported by positive global cues and market sentiment.

The 30-share BSE Sensex climbed 144.92 points to 79,100.95 in early trade. The NSE Nifty went up 57.5 points to 24,196.50.

The accusations, coupled with ongoing global concerns about a potential US recession, have market experts predicting heightened volatility.

Equity indices Sensex and Nifty fell nearly 1% on Thursday after the RBI held the policy rate steady for the ninth consecutive time, citing persistent food inflation. Sensex dropped 581.79 points to 78,886.22, while Nifty declined 180.50 points to 24,117.

The Sensex dropped 166 points to 78,593.07, and the Nifty fell 63.05 points to 23,992.55 due to late selling in banking and telecom stocks. Despite early gains from a rebound in Asian markets, weak US jobs data and upcoming RBI policy decisions contributed to the market's volatility and decline.

The sharp decline led to a staggering loss of over Rs 15 lakh crore for investors in just one day, marking a significant financial hit.

On August 1, the Indian stock market saw its key benchmarks, the Sensex and Nifty 50, hit new closing highs. This was a continuation of their recent gains, marking their fifth consecutive day of rising values. The Sensex closed at 81,867.55, up 126 points or 0.15 percent, while the Nifty 50 ended at 25,010.90, gaining 60 points or 0.24 percent.

From the Sensex basket, the stars of the day included JSW Steel, Asian Paints, Maruti Suzuki India, NTPC, Bharti Airtel, and ITC. These companies basked in the glow of investor favor, contributing significantly to the overall market performance.

PowerGrid Corp, NTPC, Tata Motors, Asian Paints, Titan, Bajaj Finserv, and Hindustan Unilever were the major gainers. On the other hand, UltraTech Cement, Sun Pharmaceuticals, Mahindra and Mahindra, Tata Consultancy Services, Adani Ports and Special Economic Zone, and Nestle India seemed to take a collective sigh, dragging their feet as the day's laggards.

Among the Sensex's top performers was Larsen and Toubro, which climbed 2.77% following news of significant new orders valued between Rs 2,500 crore to Rs 5,000 crore. UltraTech Cement also had a noteworthy day, rising 1.42% after announcing its acquisition of a 32.72% stake in India Cements for Rs 3,954 crore. Conversely, India Cements saw a decline of 0.65%.

The US Federal Reserve is set to announce its interest rate decision on July 31, a crucial event as markets anticipate a potential rate cut later this year. "Additionally, other macroeconomic data from the US and China will be closely monitored. On the domestic front, Q1 earnings will remain a key trigger, with many large companies scheduled to report their results," Meena added. Among the companies set to announce their quarterly results this week are GAIL, Adani Power, Bank of Baroda, BHEL, Coal India, M&M, Maruti, Tata Steel, Adani Enterprises, and Tata Motors.