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Gold and silver futures contracts saw gains with gold on the MCX opening at Rs 70,150 per 10 grams and silver at Rs 83,100 per kilogram. Price volatility was noted due to international tensions and economic concerns.

​It is worries about a recession. They are somewhat well-founded, a little bit overdone, but nevertheless an expectation of Federal Reserve reducing interest rates in response to those somewhat well-founded worries may be a little bit premature.

SBI showed healthy loan growth and stable asset quality with the lowest retail slippages among large banks. Its loan-to-deposit ratio is 69%, below the sector average. Core NIM improved by 6 basis points QoQ. Nuvama has a positive outlook, and fresh equity from SBI could address stock concerns.

On August 2, six Nifty500 stocks showed a White Marubozu pattern, signaling strong buying pressure and potential bullish trends.

The stock quoted a 52-week high of Rs 9191.1 and a 52-week low of Rs 6406.6.

During the June quarter, retail investors increased their holdings in PSU stocks while mutual funds and FIIs reduced theirs. Stocks like Bharat Electronics Ltd, HAL, and RITES saw higher retail ownership. Analysts noted potential overvaluation in some sectors but highlighted the overall reasonable valuation of PSUs, driven by strong earnings growth and government reforms.