Raja Venkatraman recommends three stocks for 4 August
New Delhi, Aug. 4 -- Trends continue to signal strong intent to move higher, although higher levels are seeing limited buying interest and remain somewhat uncertain. However, with macroeconomic factors improving, the broader uptrend is expected to gather pace.
The NSE closed on a firm note on 3 August , supported by favourable global cues and sectoral strength. Brent crude prices eased to around $83.5 per barrel, offering relief to India's import-heavy economy.
Investor sentiment was further boosted as geopolitical tensions showed signs of easing, with renewed U.S.-Iran talks raising hopes of stability. On the domestic front, steady monsoon progress and foreign institutional investors turning buyers added to the positive momentum.
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