New Delhi, Aug. 4 -- Stock market recap: Domestic equities extended their winning streak for a fourth consecutive session on 3 August, driven by a sharp 5% decline in Brent crude prices toward $84 per barrel amid easing U.S.-Iran geopolitical friction.

Nifty 50 surged 390.70 points (+1.60%) to close at 24,774.30, while BSE Sensex gained 544 points (+0.70%) to settle at 78,639. Market sentiment was further bolstered by a strengthening rupee at 95.31 per dollar, resilient Q1 corporate earnings, and renewed foreign portfolio investor (FPI) inflows following four months of net selling.

Sectoral performance was overwhelmingly positive, spearheaded by Nifty IT (+3.28%), private banks (+1.90%), FMCG (+1.72%), and metals (+1.54%). In comparison...