Stock market today, Aug. 5 -- Indian benchmark indices moved in opposite directions on Tuesday, August 4, in an unusual trading session, with the 30-share Sensex rising over 0.60% while the NSE Nifty 50 declined more than 1%. The sharp divergence between the two frontline indices left market participants surprised.

In the previous session, the Sensex had surged 544 points, or 0.70%, to settle at 78,639, while the Nifty 50 climbed 391 points, or 1.60%, to close at 24,774.30. The Nifty had jumped nearly 201 points in the final two minutes of Monday's trade after the introduction of the Closing Auction Session (CAS) in the equity cash segment, which was implemented from that day onward.

The market is likely to open on a higher note as tren...