Fusion Klassroom Edutech will list on the BSE SME platform today, August 7. The Rs 39.04-crore IPO was subscribed 1.50 times overall, with shares commanding a flat grey market premium (GMP ahead of debut, pointing towards a muted listing despite strong 162% YoY profit growth in FY26.

EPFO settled over 8.3 crore claims in FY26 and scrapped the image‑upload requirement for cheque leaves in online claims. The reform, the Ministry of State for Labour and Employment told the Rajya Sabha in a written reply, has already benefited 7 crore members.

Premier Energies reported a 50% jump in Q1 profit, while Jefferies raised its target price on the stock, citing a strong order book and robust earnings visibility.

Motilal Oswal expects Siemens Energy to continue to benefit from domestic and export-led opportunities across renewables, data centers and steam turbine.

Jefferies and Citi retained their Buy ratings on Crompton Consumer after the June quarter, citing pricing actions, cost control and potential recovery in sales, while flagging raw-material and supply-chain volatility.

Parag Milk Foods reported a 20.1% drop in Q1 net profit to Rs 22.1 crore, while revenue rose 10.9% to Rs 945 crore year-on-year.

Jefferies cut its target price on Cummins India and lowered earnings estimates after commodity costs hurt margins, but retained its Buy rating as it expects pricing, data centres, distribution and indigenisation to support profitability.

What is particularly encouraging is the shift in customer priorities. Enterprises are moving beyond automating individual processes and are looking to embed AI across core business operations to improve productivity, decision-making, customer experience, and operational resilience.

The remarks were widely seen as a direct response to US President Donald Trump, who has repeatedly claimed that Washington and Tehran are engaged in negotiations while alternating this with threats of military action against Iran.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.

Jio Financial Services fixed August 10 as the record date for its final dividend of Rs 0.60 per share for the financial year which ended on March 31, 2026. This comes after the company paid a dividend of Rs 0.5 per share to its shareholders last year.

The dollar surged on Friday, gaining strength over the yen and euro as uncertainties regarding a peace deal in Iran heightened demand for safe-haven assets. Support for the dollar was also found in increasing Treasury yields due to expectations of forthcoming rate increases. Market participants are eagerly awaiting the U.S.

Titan Q1 FY27 results are due on Aug. 7. Investors will watch jewellery demand, margins, guidance, earnings call details and share price.

We believe the market is in the early stages of a broader rally. Recent resilience suggests a durable bottom is forming, supported by two key drivers: a broad-based earnings recovery across sectors and the return of FPI inflows (Rs 202bn in Jul-26), which should sustain market momentum.

By the close of the second day, the public issue had been subscribed 14.16 times, with bids received for significantly more than the 5.84 crore shares available. Retail investors remained particularly enthusiastic, subscribing to their reserved portion 14.33 times against the 2.93 crore shares allocated for the segment.

The Allahabad High Court ruled that police cannot resolve civil property disputes and should only intervene to maintain public order. The court emphasised that ownership and possession issues must be settled in civil courts.  Allahabad

Backed by global investment firm KKR, LEAP India is a leading asset-pooling and logistics infrastructure solutions provider. The company has fixed the IPO price band at Rs 151–159 per share.

The anchor allocation witnessed participation from some of the world’s most prominent institutional investors, including the Monetary Authority of Singapore, Morgan Stanley India Investment Fund Inc., Goldman Sachs Investments (Mauritius) I Ltd., Government Pension Fund Global, Citigroup Global Markets Mauritius Private Limited, Société Générale – ODI, and BNP Paribas Financial Markets – ODI.

From data centres and power transmission to manufacturing and the energy transition, these sectors are emerging as the real enablers of the global AI ecosystem.

Oil prices climbed for a second session on Friday due to renewed Hormuz Strait concerns. Iran proposed restricting hostile vessels and imposing penalties for violations. Crude oil prices saw increases on Thursday and Friday. Analysts warn of significant price hikes if disruptions continue for months. Supply outside the conflict zone is expected to expand, cooling prices later.

The arrest was carried out in a joint operation by Nashik Police with assistance from the MIDC CIDCO Police.

Gold prices found stability on Friday, approaching their most significant weekly increase since January. Soothing concerns over inflation, a drop in oil prices has influenced interest rate expectations. Investors are focused on the upcoming US nonfarm payrolls data for insights into economic conditions. Other precious metals, like silver and platinum, faced slight declines, while central bankers remain engaged in discussions about the best course for interest rate strategies.

The orders also restrict citizenship rights for children born to foreign government employees and those classified as enemies of the state in the US.

According to the American Cancer Society, about 8,000 people in the US are diagnosed with cholangiocarcinoma, a rare bile duct cancer, each year, and it is often detected at an advanced stage.

EPFO has reminded members about inoperative EPF accounts and withdrawal timelines. Understanding these rules can help subscribers avoid interest losses, manage retirement savings and ensure their provident fund corpus remains secure after retirement.

Market experts recommend buying Kalyan Jewellers, Union Bank, Tata Technologies, Electronics Mart India, and Hindustan Aeronautics with specific entry levels, targets, and stop-losses.

The remarks came days after multiple media outlets reported that the US Army had used up much of its global stockpile of highly accurate long-range missiles during the five-month conflict with Iran.

Asian equities traded mixed as uncertainty over reopening the Strait of Hormuz pushed crude prices higher, while investors awaited the U.S. jobs report.

The Indian rupee weakened slightly against the dollar on Thursday as importers continued to push for dollar purchases. Although oil prices showed signs of easing, this did not provide enough support for the rupee. Throughout the session, the currency was observed trading in a range of 95.10 to 95.24 per dollar, with Brent crude prices remaining under $80 a barrel.

Brent crude climbed above $83 a barrel after rallying nearly 4% in the previous session, while West Texas Intermediate traded close to $78.

At the national level, 24K gold was at Rs 1,49,100 per 10gm and 22K gold at Rs 1,36,675 per 10gm. On a yearly basis, gold has surged 46.48%.

The Reserve Bank of India has updated its regulations on mobile loan financing. Lenders are now required to reinstate device functionality within one hour of confirmation of payment. Additionally, borrower compensation is limited to the total loan amount. These regulations will take effect starting January 1, 2027. Furthermore, technology may be employed to limit device functions following a loan default.

Treasury futures inched lower in early Asian trading as higher energy prices revived concerns that the Federal Reserve may need to keep interest rates elevated. In the cash market, the Treasury 10-year yield held at 4.68%, after climbing seven basis points during the US session. Government bonds in Australia also fell, sending the yields on the 10-year higher by eight basis points.

Stocks in the news, big brokerage calls of the day, complete trade setup and much more!

Meanwhile, the wait for a deal with Iran and Oman to reopen the Strait of Hormuz continued.

The Indian government is likely to roll out regulations for digital gold in the coming year, backed by discussions involving critical ministries and the Reserve Bank of India. The Digital Precious Metals Assurance Council of India is playing a pivotal role in this process. The objective is to ensure consumer protection and counteract fraud as the digital gold market expands, inspired by successful models from abroad.

Brent crude, in the previous session,settled 3.8% higher at $82.49 per barrel, while US West Texas Intermediate (WTI) rose 2.8% to close at $77.29 per barrel.

LEAP India is on a mission to secure ₹480 crore through a new issuance aimed at settling its debts. Additionally, the company plans to garner ₹2,000 crore via an offer for sale. After acquiring CHEP India, LEAP India has significantly enhanced its asset-pooling network, resulting in a remarkable 41.4% revenue increase year-on-year and a net profit surge of 29.5%. This IPO might attract high-risk investors looking for long-term gains.

Some banks now anticipate fewer policy rate increases from the Reserve Bank of India. Yes Bank and State Bank of India have revised their earlier rate hike forecasts. MUFG Bank has also pushed back its expected policy rate hike timing. Other banks maintain their forecasts for cumulative rate increases this fiscal year. Inflation projections remain sensitive to future crude oil price movements.

Chris Pratt returns as Mario, while Anya Taylor-Joy reprises her role as Princess Peach.

Narendra Bharindwal says mandatory salesperson tagging, perpetual registration and stronger governance norms are expected to reshape insurance distribution and improve customer trust.

The Last House premieres globally on Netflix on August 7, 2026, and will begin streaming on Netflix from 12:30 p.m. IST.

Operation Safed Sagar: The Untold Story of the Kargil War will premiere on Netflix at 12:30 p.m. Indian Standard Time on Friday.

Indian equities appear set for gradual gains, supported by encouraging news. Growing hopes for peace in West Asia and solid Q1FY27 earnings are enhancing investor confidence. Brent crude prices have fallen below eighty dollars per barrel, reflecting optimism in talks. The market will keep an eye on crucial Q1 earnings and US employment figures as the Indian rupee slightly weakened against the dollar on Thursday.

Major stock indexes closed lower on Thursday, pausing after a strong start to the week. Investors digested corporate earnings and looked for progress toward a peace deal between the U.S. and Iran. Oil prices rose, with U.S. crude settling up 2.75% at $77.29 a barrel. Data storage companies Western Digital and Sandisk saw significant drops after their quarterly results. The number of Americans filing unemployment claims increased slightly last week.

Also in this newsletter: Indian government sells stake in LIC

Protests reflect deep frustration with poor job prospects and government mis-steps

Hackers targeting US financial firms are using fake IT calls and fraudulent websites to steal employee passwords and authentication codes.

The commission announced earlier on July 18 that the 72nd preliminary examination, which was supposed to take place on July 26, had been postponed for unavoidable reasons.

Honeywell Aerospace shares dropped significantly after supply-chain problems impacted sales targets. The company lowered its annual sales growth outlook for 2026 significantly. Analysts expressed concern over the reduced growth forecast compared to sector strength.

The makers of Golmaal 5 have dismissed viral reports claiming the film will release this year, calling the speculation "completely false and baseless." They said all updates, including the release date, will be announced through official channels.

Prime Minister links Aug. 7 observance to the Swadeshi movement, says public participation can strengthen weaver livelihoods and promote Indian craftsmanship globally.

A maximum penalty of Rs 57.5 lakh was imposed on BSNL, followed by Rs 48 lakh on Airtel, Rs 37 lakh on MTNL, Rs 31 lakh on Vodafone Idea, and Rs 17 lakh on Reliance Jio.

The test-firing of the missile was carried out by the Strategic Forces Command.

The Paradise is slated for a theatrical release in eight languages —Telugu, Tamil, English, Spanish, Malayalam, Hindi, Kannada and Bangla.

Out of 45 flexi-cap schemes, only six recorded a Sortino ratio above 1, indicating stronger downside risk-adjusted performance. A Sortino ratio above 1 means the fund generated higher excess returns for every unit of downside risk faced.

Track Q1 FY27 earnings live as LIC, Trent, Hero MotoCorp, Britannia, Lupin and 160+ firms announce June quarter results, guidance and key updates.

The formation of lower highs and higher lows indicates that the index is consolidating after its recent rally, with traders awaiting fresh triggers before taking directional bets.

Ships violating the proposed terms would face 20% penalty of their cargo value.

PM Surya Ghar has also crossed more than 50 lakh beneficiaries.

The 2026 ITR season has exposed major tax reporting gaps among crypto investors, with many mistaking TDS for their final tax liability. Investors who missed the deadline can still file a belated return, report income in Schedule VDA, and claim eligible TDS refunds.

Crude jumps after Iran shares draft proposal to bar U.S. and Israeli-linked vessels from the Strait of Hormuz, raising fresh concerns over global oil supplies.

The leaked iPhone 18 Pro specifications point to a 2nm A20 Pro chip, C2 modem, improved camera capabilities and a redesigned Dynamic Island.

Track Q1 FY27 earnings live as LIC, Trent, Hero MotoCorp, Britannia, Lupin and 160+ firms announce June quarter results, guidance and key updates.

Spot gold briefly crossed $4,300 per ounce before trimming gains to settle at around $4,268 per ounce on Thursday. Gold futureswere trading at $4,294.07 per ounce by 9:25 pm.

“Overall market share by first year premium income was 60.10% and this fits in well with our market share strategy”

Despite increasing competition in the industry, LIC was able to maintain its leadership in both individual and group business during the quarter

Market experts shared their insights on fundamentals and technical levels for key stocks such as P N Gadgil Jewellers, Lodha, UltraTech Cement, Trent and United Spirits.

Revenue climbs 39% year-on-year, while operating margin expands to 23.6% on improved project execution and a favourable business mix.

The Houthis, who are supported by Iran and control much of northwest Yemen, claimed to have targeted "large Saudi military build-ups" in preparation for an invasion.

In a recent announcement, the Reserve Bank of India has introduced fresh regulations for non-banking financial companies. Moving forward, NBFCs will be restricted to providing only term loans, effectively barring revolving credit offerings, though those currently authorized to issue credit cards are not affected. Standalone NBFCs will require prior permissions and significant funding to independently offer credit cards. The central bank is actively seeking input on these upcoming policies.

Spider-Man: Brand New Day is the latest Marvel superhero film featuring Tom Holland as Peter Parker.

Sebi investigated 402 cases in 2025-26 for securities law violations. Fraudulent and unfair trade practices saw 121 cases taken up for scrutiny. Insider trading and illegal trade practices accounted for 224 investigations initiated. Financial statement fraud also came under regulatory focus with 57 cases. Market intermediaries underwent increased surveillance with over 900 brokers inspected.

Muthoot Microfin reported a more than 13-fold rise in Q1 net profit to Rs 81 crore, driven by 49% higher loan disbursements, lower credit costs and improved asset quality. Gross loan portfolio grew 18%, while net interest margin remained stable at 12%.

Many ELSS investors assume they can redeem their entire investment once the first SIP completes three years. However, each SIP instalment has its own three-year lock-in, resulting in staggered redemptions. The lock-in cannot be bypassed by paying an exit load.

Samsung has started early deliveries of its Z Fold8 series and is offering up to 30-month no-cost EMI at zero down payment on pre-orders.

FMCG major reports double-digit profit growth in the June quarter, but flags geopolitical tensions and crude oil volatility as key risks.

Nifty ended nearly flat after a range-bound session but stayed above key moving averages, preserving its bullish trend. Analysts recommended Tata Technologies and AIIL as buy ideas, citing breakout patterns, strong momentum, rising volumes and favourable technical indicators for further upside.

The streak below 200,000 was the longest since 1969, at a time when such low levels were more common and the US workforce was about half what it is now.

In FY26, Indian corporate bond fundraising experienced an 8.4 percent drop. However, the total number of bond issuances climbed to 1,967, showcasing resilience. Notably, public issuances surged, yet private placements continued to lead overall fundraising efforts. Additionally, corporate bond trades settled through clearing corporations indicated increased activity in the secondary market, while municipal bond issuances and commercial paper listings saw remarkable growth.

Jana Nayagan has collected Rs 95 lakh net in India on Day 15 so far.

Despite a strong second quarter and raised earnings guidance, Datadog faces concerns over moderating growth and weaker usage from a major AI customer.

Indian investors favoured long-term stock ownership in FY26 as delivery ratios rose to around 30%, despite market volatility. Sebi said stronger domestic inflows, expanding demat accounts and reduced derivatives speculation reflected healthier participation and greater resilience amid foreign investor outflows.

Purja was killed along with nine members of his expedition in an avalanche on Broad Peak in northern Pakistan on July 30.

The Cockroach Janta Party decided it would function exclusively as a public pressure group rather than a political party.

The scheme aspires to increase domestic production of CBG ten-fold and mobilise large-scale private investment.

Finance Minister Nirmala Sitharaman said, barring few items, tariffs will come down to single digit by Budget 2027-28.

The film is scheduled for a theatrical release in the United States on September 25, 2026.

In a strategic move, Alphabet is aiming to raise $20 billion to $25 billion through a US bond offering, occurring shortly after a significant sell-off fueled by its recent capital expenditure outlook. The tech landscape is shifting, with major players looking to debt markets to finance their ambitious AI initiatives, projected to exceed $730 billion in total this year.

Operating performance remained resilient, with earnings before interest, tax, depreciation and amortisation increasing 9.4% to Rs 537.4 crore, from Rs 491.1 crore a year ago.

The Reserve Bank of India has placed Tata Sons under intensified regulatory oversight. This designation will not influence its ongoing bid to relinquish its NBFC license. Tata Sons had cleared its debts and sought deregistration approximately two years ago. The regulator is expected not to mandate a listing until the application is resolved, which, in turn, affects the philanthropic ventures and investments of Tata Trusts.

India maintained its global lead in IPO numbers during FY2025-26. The nation secured third place worldwide for total funds raised through these offerings. SEBI implemented reforms to ease capital raising while protecting investors. These measures included restructuring public float requirements and extending shareholding timelines. The regulator also allowed founders to retain employee stock options for new companies.

Options trading volumes in India dropped 51% in FY26 after Sebi tightened derivatives rules to curb retail speculation. Higher contract sizes, uniform expiries, upfront premium collection and increased transaction taxes reduced expiry-day trading while encouraging healthier market participation and stability.

PM Modi and Netanyahu also exchanged their perspectives on the ongoing developments in West Asia and agreed to remain in touch,

Sebi will introduce fast-track Alternative Investment Fund launches, a single-window clearance system and the Sebi Setu portal to ease compliance. It also plans corporate bond tokenisation pilots, quantum-ready technology roadmaps and Project Jagrook to strengthen investor awareness and market efficiency.

Warner Bros Discovery reported second-quarter revenue below expectations, mainly due to significant declines in box-office and advertising sales, which weighed on overall financial performance. Despite these challenges, the streaming segment thrived, presenting a glimmer of hope. A merger with Paramount gained UK approval but is entangled in legal issues in the US. The company aims to boost future box-office results with a film slate leaning toward later releases.

The decline in these stocks was led by Sandisk, falling as much as 9.93% to $1,216.4, followed by SK Hynix shares, dropping 6.26% to $141.58, while Micron stock fell4.39% to $854.

Technology stocks come under pressure after disappointing earnings, while investors track developments around the Strait of Hormuz and fresh corporate results.

The story claims that Trump made the comments about two weeks ago at a private meeting with fundraisers in the Oval Office.

Strong freight earnings and margin expansion lift Q1 profit to Rs 619 crore.

The company also outlined improvements to its moderation systems aimed at addressing emerging risks posed by generative artificial intelligence.

Govt said ethanol used for fuel blending is sourced entirely from domestic producers

Track Q1 FY27 earnings live as LIC, Trent, Hero MotoCorp, Britannia, Lupin and 160+ firms announce June quarter results, guidance and key updates.

The S&P 500 and Nasdaq opened lower on Thursday, impacted by technology stock declines. Strong forecasts from Western Digital and Sandisk did not boost investor sentiment. Investors also awaited details concerning a Middle East peace deal. The Dow Jones Industrial Average saw a slight increase at the opening bell. Markets reacted to these mixed signals as trading commenced.

US stocks saw mixed trading as the S&P 500 and Nasdaq reversed early losses. Technology shares faced pressure after disappointing investor reactions to company forecasts. Energy and consumer staples sectors led gains, offsetting the tech sell-off. Investors awaited news on a potential Middle East peace deal. Jobless claims rose slightly ahead of key employment data.

The plan is to provide underwriting expertise in lines of business that are critical for Indian economy, including high-tech and manufacturing. Proposal to offer global insurance programmes for Indian companies operating abroad

Freelancers must file their ITR by 31 August if they are not required to get their accounts audited. The choice of ITR form, tax method and deductions depends on their income structure. Proper documentation and reconciliation of receipts and foreign income are essential for accurate filing.

Oil prices climbed as investors tracked Iran-Oman shipping talks and fresh attacks on Saudi oil tankers, raising supply concerns. Brent topped $80 a barrel while traders remained cautious over Strait of Hormuz developments and persistent geopolitical risks affecting global energy markets.

Building a sizeable retirement corpus of ₹10 crore demands a structured investment strategy, consistent contributions and favourable market returns

The Hyderabad cloud region has already attracted early enterprise customers, which plan to use the infrastructure to strengthen business continuity, expand cloud capacity and scale AI-driven applications.

UN agency says at least 300 children have been killed in Gaza in the 300 days since the October 2025 ceasefire, warning that the humanitarian crisis continues to deepen.

Track Q1 FY27 earnings live as LIC, Trent, Hero MotoCorp, Britannia, Lupin and 160+ firms announce June quarter results, guidance and key updates.

The Securities and Exchange Board of India (Sebi) is set to refine regulations for stock exchanges and clearing corporations. There will be a distinct master circular for clearing entities, alongside enhanced website disclosure obligations. Additionally, existing provisions regarding stock brokers are to be eliminated from current master circulars. This initiative seeks to unify standards and ease the regulatory landscape.

Apollo Tyres posted a consolidated net profit of Rs 349 crore for the quarter ended June 2026, compared with Rs 12.8 crore in in the year-ago period.

Sebi has put forth proposals to permit REITs and InvITs to channel their investments into under-construction projects. This initiative is designed to establish a consistent stream of revenue-producing assets over the long term. Moreover, the regulator plans to shorten the cooling-off period for privately placed InvITs. Notably, common remote infrastructure will now be classified as real estate for REITs.

Crompton Greaves Consumer Electricals has reported a remarkable 15.17 percent increase in net profit for the June quarter, alongside an 11.84 percent rise in revenue from operations. The company has successfully achieved double-digit growth across all its business segments, bolstered by strategic price hikes and enhanced cost efficiencies. This impressive performance underscores the ongoing growth momentum the company is experiencing.

Government is also engaging with X and Telegram on tackling deepfakes, child abuse material and platform accountability.

Coal production in July rose 7.51% on a year-over-year basis with dispatches growing 17.34%.

The rising demand for GLP-1 medications like Ozempic and Wegovy, which can cost thousands of dollars per patient each year, has weighed on the expenses of employers in the US.

Peter Lynch emphasised that investors need not be right every time to build wealth. A few multibagger investments, supported by patience, disciplined research, diversification and long-term compounding, can outweigh losses and drive superior portfolio returns despite inevitable investing mistakes.

HDFC Securities initiated coverage on Sona BLW Precision Forgings with an Add rating and Rs 845 target, citing EV-led growth, strong R&D and product expansion. The brokerage expects sustained margin strength but flagged geopolitical, tariff and promoter-related risks as potential headwinds.

The action has been taken for violations of Good Manufacturing Practices (GMP) and the provisions of the Drugs and Cosmetics Act, 1940 and the Drugs and Cosmetics Rules, 1945.

The highway includes a 4.9 km emergency landing facility (ELF) on the Tezpur Bypass which was planned in coordination with the Indian Air Force

The report also places Alia Bhatt in sixth position with $93.9 million, making her the highest-ranked female celebrity.

Reliance Industries and SBI shares gained up to 3.5% on Thursday amid heavy trading activity, with over 41.65 million shares worth Rs 4,294 crore changing hands across exchanges. Both stocks outperformed the broader market, while SBI continued to trade at a lower valuation than RIL and the Nifty50.

Sandisk sees first quarter revenue in the range of $10.3 billion to 10.8 billion, below estimate of $11.16 billion.

Indian government bonds exhibited slight fluctuations as profit-taking coincided with substantial debt issuance. The supportive dovish stance from the Reserve Bank of India helped stabilize the situation. Since early August, bond yields have decreased by nearly seven basis points. Market participants are now focused on a major bond auction set for Friday, while overnight indexed swap rates saw a modest rise as traders adjusted their positions.

The move comes as telecom operators look to monetise 5G investments through enterprise services, with network slicing expected to become a key revenue stream beyond consumer mobile broadband.

Six BSE 150 MidCap stocks, including Exide Industries, Sona BLW Precision Forgings and One97 Communications, hit 52-week highs as markets advanced. The stocks gained up to 20% over the past month, signalling sustained investor confidence and strong bullish momentum.

FSSAI has directed Dabur to stop using "100% Pure", "100% Natural" and similar claims on products including honey, ghee, coconut oil and vinegar.

Indian benchmark indices ended mixed as the closing auction session continued distorting market moves. Sensex climbed 374 points while Nifty gained just 11 points. Reliance Industries and SBI led gains, with analysts identifying 24,600 as Nifty’s key support and 24,800 as resistance.

Net premium income increased 7% year-on-year to Rs 1.27 lakh crore, while other income jumped to Rs 635 crore from Rs 130 crore a year ago.

OpenAI argued Apple failed to identify any protectable trade secrets or plausibly allege misappropriation, while claiming the lawsuit masks its AI and talent struggles.

Earnings before interest, tax, depreciation and amortisation surged 65.7% year-on-year to Rs 325 crore from Rs 196 crore in the year-ago period.

Brokerage sentiment remains firmly positive, however, recent stock performance reflects the volatility associated with new-age technology companies.

Track Q1 FY27 earnings live as LIC, Trent, Hero MotoCorp, Britannia, Lupin and 160+ firms announce June quarter results, guidance and key updates.

Consumers are becoming more value-conscious. Many are delaying upgrades, choosing previous-generation or refurbished phones, repairing existing devices, or using exchange offers

A consumer commission held a bank liable for failing to act on suspicious transactions after a woman lost nearly ₹6.93 lakh in a FedEx parcel scam. Despite OTP-authorised transfers, the bank was ordered to refund the amount along with interest and compensation.

The 50-share NSE Nifty traded in a narrow range for the day and edged marginally higher by 11.35 points, or 0.05%, to end at 24,636; during the day, the benchmark hit a high of 24,677.05 and a low of 24,604.15

The national bioenergy programme aims to scale up compressed biogas output through assured offtake, stable pricing, capital support and pipeline connectivity.

Forex traders said the rupee was pressured by a slight recovery in the U.S. dollar index and foreign fund outflows, even as lower crude oil prices provided some underlying support

SpaceX shares tumbled as much as 13.61% to $108.27 by the end of the trading session on Wednesday. Since its debut, the shares have been volatile, first trading up 49% within few days, only to fall below the IPO price within just over a month.

The latest list comprises 17 NBFCs, with PNB Housing Finance and Sammaan Capital also retaining their Upper Layer status.

The Sixteenth Finance Commission risks moving away from its core mandate of acting as an equalising force within the federation

Bluetile and BestPlay founders, senior executives to infuse capital at Rs 306 a share as gaming firm eyes acquisitions and AI-led expansio

IPO comprises a fresh issue of equity shares aggregating up to ₹1,428 crore and an Offer For Sale (OFS) of up to ₹125 crore

Pankaj Tripathi plays the compassionate Masterji, while Maahi Rai portrays Apu.

Air India lags behind when it comes to customer satisfaction, despite progess with fleet expansion and quality, as well as digital modernisation, the survey noted.

The Ministry of Civil Aviation said such assertions are factually incorrect and do not reflect any official policy or proposal.

Amid the adverse weather conditions, Gurugram Police advised corporate offices and private establishments to allow employees to work from home wherever feasible in order to reduce traffic congestion.

On Thursday, the Indian rupee ended slightly lower against the dollar, impacted by continuous demand from importers hedging their positions. While falling oil prices helped bolster market sentiment, the rupee has enjoyed recent appreciation thanks to central bank interventions. Analysts are now forecasting possible interest rate increases by the Reserve Bank of India in the near future.

Presented by Vishesh Films and Mukesh Bhatt, produced by Vishesh Bhatt, directed by Nitin Kakkar and written by Bilal Siddiqui, Awarapan 2 will be distributed in India by Pen Marudhar.

NHPC plans to invest Rs 1.52 lakh crore over the next decade and targets 50 GW of installed capacity by 2047.

The visit comes as Pakistan continues diplomatic efforts to help ease tensions surrounding the Strait of Hormuz amid the ongoing US-Iran crisis.

The Sensex closed 373.76 points, or 0.48%, higher at 78,954.76. The Nifty 50 ended 11.35 points, or 0.05%, higher at 24,636.

Bitcoin traded near $64,700 as buyers maintained control despite profit-booking at higher levels. While major altcoins saw mixed price action, market experts highlighted steady institutional demand, supported by continued net inflows into US spot Bitcoin ETFs, as BTC consolidates below its key resistance zone of $65,000.

Salaried employees in India contribute to EPF, receiving matching employer contributions. Tax benefits apply, but a new rule restricts tax exemption on interest for total contributions over a certain threshold. Check rules here. 

The 60-day Hormuz deal is expected to be announced within days.

SoftBank reported an 18% decline in first-quarter net profit, though earnings exceeded expectations as strong gains from Intel and ByteDance investments offset weaker contributions from OpenAI. The company remains focused on expanding its AI portfolio, with major investments, new financing and long-term commitments reinforcing its artificial intelligence growth strategy, according to Reuters.

Zerodha co-founder Nithin Kamath said the sharp swings under the new Closing Auction Session (CAS) reflect structural weaknesses in Indian markets rather than flaws in the mechanism itself. The new 20-minute auction, replacing the earlier VWAP-based close, has caused unpredictable late-day moves and losses for options traders and algo desks, fuelling calls for changes or a rollback.

The Central Consumer Protection Authority ordered companies like Zepto, IndiGo, FirstCry, and others to stop using dark patterns that mislead consumers or add charges without consent.

Buying or selling property in India involves more than finding the right deal. From FEMA and TDS to repatriation limits and POA rules, experts explain the compliance pitfalls NRIs must avoid.

European stock markets extended record gains as optimism over a potential U.S.-Iran peace agreement eased energy supply concerns and strong corporate earnings boosted investor confidence. Deutsche Telekom and Glanbia led sectoral advances, while resilient technology shares and improving earnings expectations supported broader market sentiment ahead of euro zone retail sales data.

Market experts shared their insights on fundamentals and technical levels for key stocks.

Nifty Defence rose 0.66%, while Nifty IT gained 0.46%. Nifty Pharma, PSU Bank and Media also closed higher. Nifty Energy fell 0.61%, followed by Nifty Auto at 0.60% and Nifty Realty at 0.52%.

The EPFO has introduced a free doorstep life certificate service for EPS pensioners through India Post. Eligible pensioners unable to visit centres can call 033-22029000 for assistance. The facility helps ensure timely pension payments through easy digital certificate submission from home.

These recommendations come at a time when policymakers are looking to attract Indian-founded businesses with overseas holding structures back to India

Total EV retails touched 3,27,901 units — the highest for any month in history — with 2W and CV EV volumes at all-time records, taking overall EV penetration to about 12.7% from 9.6% a year ago says FADA.

FIIs and mutual funds increased stakes in several Nifty Midcap 150 stocks over recent quarters, with many delivering strong returns. Radico Khaitan led the pack, gaining up to 65%.

The total vehicle retail sales stood at 25,91,138 units in July 2026, up 25.89% from 20,58,325 units a year earlier. Sales were broadly unchanged from June, declining 0.16%.

At the operating level, EBITDA fell 12% YoY to Rs 176 crore from Rs 200 crore, while EBITDA margin contracted to 5.2% from 6.7% in the corresponding quarter last year.

Analysts expect advances to grow 17-18% year-on-year, while deposit growth is likely to lag.

Bajaj Electricals shares surge after Q1 operating margin more than doubles and Consumer Products returns to profit; analyst consensus target indicates 3% downside.

Kolte-Patil Developers climbed around 9% on Thursday, after the company announced six redevelopment projects in the Mumbai Metropolitan Region worth around Rs 6,000 crore, strengthening its future development pipeline.

Track Q1 FY27 earnings live as LIC, Trent, Hero MotoCorp, Britannia, Lupin and 160+ firms announce June quarter results, guidance and key updates.

Mazagon Dock Shipbuilders shares led the gains with 8.5% rally, while Cochin Shipyard stock price gained 5.96%, and Garden Reach Shipbuilders & Engineers (GRSE) shares surged as much as 5.35%. The rally in defence stocks lifted the Nifty India Defence index by 3.27%, with Mazagon Dock Shipbuilders shares being the top gainer.

At the operating front, earnings before interest, tax, depreciation and amortisation (Ebitda) surged 27.8% YoY to Rs 533 crore in Q1FY27, from Rs 417 crore in Q1FY26.

Billionaires Warren Buffett and Sam Altman share a fundamental investment strategy: avoiding mainstream hype. While Altman focuses on overlooked startups, Buffett warns against market gambling and FOMO buying, emphasizing that the best long-term investment opportunities are rarely the ones capturing the most popular market attention.

Firstsource Solutions shares fell 14.51% to Rs 290.20 amid mixed Q1FY27 results, with a 16.95% decline over 12 months and trading volume at nearly four times the 30-day average.

Tata Sons may face renewed pressure to list if the RBI classifies it as an upper-layer NBFC under revised principle-based norms. Governor Sanjay Malhotra said the new framework will simplify classification. With assets above the regulatory threshold, Tata Sons could be required to go public, reviving its long-running IPO debate.

Among the key announcements for women were the ‘Singappengal Valimaippaduthum Thittam’ to promote entrepreneurship, and the ‘Annan’s Seer’ scheme, under which eligible brides will receive an eight-gram gold coin and a silk saree, with ₹812 crore earmarked for the scheme

Artificial intelligence has powered a strong rally in emerging-market technology stocks, led by semiconductor giants in South Korea and Taiwan. However, soaring valuations have triggered sharp volatility, foreign investor outflows and concentration risks. Despite recent corrections, investors remain optimistic about the long-term AI-driven growth story, according to Reuters.

Japanese government bond yields fell as lower oil prices eased inflation concerns and improving Middle East peace prospects boosted demand for safe-haven assets. Gains were seen across maturities, with longer-dated bonds supported by a solid 30-year auction. Investors remain focused on energy prices, geopolitical developments and future monetary policy, according to Reuters.

A car crash in Jhansi, Uttar Pradesh, resulted in two deaths and three injuries, including Aban Ahmed, son of mafia figure Atiq Ahmed.

Major Asian multi-strategy hedge funds suffered sharp losses in July 2026 as an artificial intelligence and tech stock selloff erased early-year gains. Declines across Japan, South Korea, and China tech shares dragged platform funds lower, though diversification helped them outperform pure stock-picking peers during the market rout.

Revenue grows 2.3% to Rs 1,089 crore, while Consumer Products returns to operating profit despite input cost inflation and uneven summer demand.

Firstsource Solutions shares fell 14.51% to Rs 290.20 amid mixed Q1FY27 results, with a 16.95% decline over 12 months and trading volume at nearly four times the 30-day average.

Trent Q1 Results: Trent reported a 21% year-on-year rise in Q1 consolidated net profit to Rs 519 crore, while revenue grew 18% to Rs 5,755 crore. The retailer expanded its store network to over 1,300 outlets across 330 cities, opening 23 stores during the quarter. It expects the pace of new store additions to remain broadly consistent over the coming year.

The stock has risen 86.86% year-to-date and 28% in the last 12 months.

Track Q1 FY27 earnings live as LIC, Trent, Hero MotoCorp, Britannia, Lupin and 160+ firms announce June quarter results, guidance and key updates.

Deccan Gold Mines shares surged over 13% after the company announced the production of its first gold doré at the Altyn Tor Gold Project in Kyrgyzstan. The milestone validates the upgraded processing circuit and de-risks the project ahead of commercial production. The gold doré was produced through a successful proof-of-concept run using the newly installed Inten

Using his own experience, retired banker Ajay Nanavati advised young professionals to focus on learning instead of salary during the early years of their careers.

The Delhi High Court asked the Centre to respond to a PIL that is seeking automatic TDS refunds for individuals with no tax liabilities, challenging the requirement to file ITR for refunds. Full details of the demand here.

The Centre has clarified that central government employees cannot claim HRA if one spouse is allotted government accommodation at the same station. It also confirmed there is no proposal to review the existing House Rent Allowance policy for dual‑employee couples.

Swiggy shares rose after the company unveiled an ambitious FY31 roadmap targeting Rs 10,000 crore in Adjusted EBITDA. It aims to more than triple consolidated GOV to Rs 2.5 lakh crore from Rs 67,734 crore in FY26, driven by food delivery, Instamart and Dineout.

Aegis Logistics reported a strong start to FY27 with consolidated net profit rising to Rs 484 crore in the June quarter..

Revenue from operations rose 27.9% to Rs 633 crore from Rs 495 crore a year earlier, reflecting healthy demand across its business segments.

The company pared a lot of its losses to trade 7% lower by 12:25 p.m.

Young people often struggle with how to allocate salary between SIPs and emergency funds. Expert advises prioritizing a strong financial foundation, making informed investment choices, and maintaining discipline for long-term wealth.

Young people often struggle to balance their salaries between SIPs and emergency funds. An expert advises prioritizing a strong financial foundation, making informed investment choices and maintaining discipline to build long-term wealth.

Asia’s major multi-strategy funds suffered sharp July losses as an AI-linked stock selloff across Japan, South Korea and China erased much of their 2026 gains. Concerns over AI spending and Middle East tensions hit semiconductor stocks, with some funds losing 3%-9%, while Goldman Sachs estimated a record 15.2% monthly decline for Asia’s primary stock-picking hedge funds.

KKR-backed LEAP India raised Rs 371.3 crore through a pre-IPO placement, selling 2.34 crore shares at Rs 159 apiece. The round saw participation from GIC subsidiary Gamnat Pte Ltd, Dymon Asia and promoter-linked Matyas Possessiones. Gamnat received shares worth Rs 280 crore.

Technocraft Ventures IPO worth Rs 252 crore opens on Aug 7 with a price band of Rs 200-212. Grey market premium of Rs 13 suggests a potential 6 percent listing gain.

Sales will begin from August 12 via Amazon India and the official Mi India online store.

Many investors unknowingly hold investments that no longer create value or align with their financial goals. Experts explain how to identify these dead investments and decide whether they deserve a place in your portfolio.

Tejpal was found guilty under IPC sections related to rape, sexual harassment, and criminal force, with sentencing pending. The case involved assault on a junior colleague at a Goa event.

CarTrade Tech ended FY26 with a 33% Ebitda margin, Rs 1,244 crore in cash and profit growth across its three businesses. The company is now looking to AI-led services, buyer monetisation and a larger used-vehicle market for its next phase of growth.

During Thursday’s trading session, stock-specific actions are in focus as Indian benchmark indices such as Nifty 50 remained muted with marginal gains of around 0.14% until noon

SpaceX shares plunged 14% as investors raised concerns over the company’s aggressive AI spending plans, despite strong quarterly results. The stock decline coincided with reports of a SpaceX rocket part crashing into the Moon after drifting off course for nearly a year. Analysts drew a metaphorical link between the lunar impact and the company’s falling valuation.

Nifty Defence rose 0.66%, while Nifty IT gained 0.46%. Nifty Pharma, PSU Bank and Media also closed higher. Nifty Energy fell 0.61%, followed by Nifty Auto at 0.60% and Nifty Realty at 0.52%.

When growth isn’t enough

Allcargo Logistics shares surged over 15% after the company reported a 258% year-on-year jump in Q1FY27 profit before tax and its highest-ever quarterly revenue. The logistics firm also highlighted strong growth across its key businesses and expects business momentum to strengthen in the coming quarters.

DBS Group announced a robust nine percent increase in net profit for the second quarter, bolstered by a remarkable forty-two percent rise in wealth management fees. Following an exceptional first half, the bank upgraded its full-year guidance. Despite facing margin pressures, overall profit margins showed improvement with a higher return on equity. Additionally, shareholders will benefit from an announced increase in the quarterly dividend.

MV Electrosystems made a strong stock market debut, listing at over 22% premium to its IPO price. While experts recommend booking partial profits after the sharp listing gains, they advise holding the remaining shares with a stop-loss as the company works to improve profitability.

Juniper Green Energy shares debuted at a nearly 9% premium over the IPO price, in line with grey market expectations. Analysts recommend holding the stock for the long term, citing its strong renewable energy pipeline, while advising fresh investors to wait for better valuations and improved earnings visibility.

A new Bill introduced in Parliament has sparked fears that the government will soon allow banks to levy a charge on UPI payments. How much of this is true?

JPMorgan CEO Jamie Dimon warned that elevated market leverage and hidden borrowing could amplify volatility, increasing the risk of sudden market disruptions. While he dismissed comparisons with the 2008 financial crisis, Dimon cautioned that geopolitical tensions, fiscal deficits and rising military spending could fuel inflation and unsettle investors.

Shiprocket has reduced the offer-for-sale portion of its IPO, while retaining the fresh issue at Rs 885.5 crore. The public offer will open for subscription on Aug. 12.

Tejpal was found guilty under IPC sections related to rape, sexual harassment, and criminal force, with sentencing pending. The case involved assault on a junior colleague at a Goa event.

Swan Defence and Heavy Industries shares gained nearly 3% after securing an order from Denmark-based Svitzer A/S to build four advanced TRAnsverse 3200 tugs. The vessels will be constructed at SDHI’s Pipavav yard in Gujarat, with deliveries scheduled from early 2028. The contract follows a global shipyard evaluation and strengthens the company’s export order pipeline.

Swan Defence and Heavy Industries shares gained nearly 3% after securing an order from Denmark-based Svitzer A/S to build four advanced TRAnsverse 3200 tugs. The vessels will be constructed at SDHI’s Pipavav yard in Gujarat, with deliveries scheduled from early 2028. The contract follows a global shipyard evaluation and strengthens the company’s export order pipeline.

In a post on X, the former Delhi Chief Minister tagged Meta and questioned why his account had been made unavailable to users in India.

Biocon shares gained around 3% after the biopharmaceutical company reported a 348.4% jump in its Q1FY27 net profit to Rs 141 crore.

The government raised Rs 31,552 crore through LIC’s record Offer for Sale (OFS), selling a 6.5% stake after exercising the greenshoe option. The issue was oversubscribed, driven by strong retail and institutional demand. The stake sale helped LIC achieve the 10% public shareholding norm ahead of Sebi’s May 2027 deadline, while shares declined over 1% after the offer.

The Bombay High Court on Thursday convicted Tehelka founder Tarun Tejpal in 2013 rape of colleague, sets aside trial court verdict which had acquitted him.

Given that DAC approvals of Rs 52,000 crore, were at an all-time high in FY26, the brokerage expects the order awarding momentum to pick up in FY27/28, especially in aerospace, missiles, electronic warfare and drone defence-offence side.

Officials in the state divestment department kept the launch date a secret to prevent traders from taking positions ahead of the sale and pushing the stock lower before the government could sell its shares, according to people familiar with the matter.

Swiggy expects to more than triple its consolidated Gross Order Value (GOV) to around Rs 2.5 lakh crore by FY31 from Rs 67,734 crore in FY26, implying a compound annual growth rate (CAGR) of over 30% while expanding profitability.

Shares of Cohance Lifesciences advanced in trade even after weak Q1 results, with the market taking comfort from the absence of data integrity observations in the USFDA inspection.

Sterlite Technologies shares saw an upswing on Thursday after the company secured a Rs 1,760 crore international order for high-density optical fibre cables. The three-year contract strengthens its global order book, enhances revenue visibility, and comes amid rising worldwide investments in telecom networks, fibre connectivity, AI infrastructure and digital infrastructure expansion.

The Bombay High Court on Thursday convicted Tehelka founder Tarun Tejpal in 2013 rape of colleague, sets aside trial court verdict which had acquitted him.

HAL shares surged over 6% after the company’s annual report highlighted a robust order book of Rs 2.55 lakh crore for FY26, offering 7-8 years of revenue visibility. The defence major expects growth to accelerate through supply chain stabilisation, capacity expansion, infrastructure investments, and faster production ramp-up of key platforms, supporting its long-term growth outlook.

NHAI initiated action against concessionaire PNC Infratech after slippage was detected along an approximately 300-metre stretch of the Kanpur-Lucknow Expressway.

Ardee Industries raised Rs 128 crore from anchor investors ahead of its IPO opening August 5, priced at Rs 50 to 53 per share.

PVR INOX launched a new format designed to deliver an affordable yet premium movie-viewing experience in Tier III cities across India. The first Smart Cinemas will be unveiled in Muzaffarpur, Bihar.

Gold and silver prices rose for the third straight session on MCX, helped by a weaker US dollar, lower Treasury yields and easing oil prices amid hopes of the Strait of Hormuz reopening. Silver gained Rs 228 to Rs 2,27,812/kg, while gold rose Rs 757 to Rs 1,49,250/10g. Over three sessions, they have surged 5.2% and 4.4%, respectively.

Strong corporate earnings, sustained AI infrastructure spending and easing valuation concerns have strengthened confidence in the US stock market, although Treasury yields and geopolitical developments remain key risks for investors.

The 30-share BSE Sensex climbed 201.43 points to 78,782.43 in opening trade. The 50-share NSE Nifty was marginally up 16.35 points to 24,641

With an India gross of Rs 213.81 crore and an overseas gross of Rs 92.50 crore on Day 14, Jana Nayagan has entered the Rs 300 crore worldwide gross club.

VRL Logistics, Blue Dart Express and Avalon Technologies remains in focus after strong Q1 performance.

Neuland Laboratories shares rose sharply on Thursday after the drugmaker reported a 975% year-on-year surge in Q1 FY27 profit to Rs 147.4 crore. Revenue more than doubled, while EBITDA jumped 448%, driven by strong commercial product sales and encouraging performance across its CMS and GDS businesses.

Wipro saw a sharp build-up in call open interest at the 200 strike, while TCS options positions were concentrated around 2,500. Infosys saw heavy call unwinding at the 1,200 strike.

The decline comes after the stock surged 14.6% over the previous six trading sessions, leading some investors to lock in gains.

LIC OFS remained undersubscribed in the Retail category. The government offloaded a total of 82.22 crore equity shares, equivalent to a 6.5% stake in LIC. LIC OFS floor price was fixed at Rs 382 per share.

PB Fintech shares rose after the Policybazaar parent reported a 92% YoY jump in Q1 FY27 net profit to Rs 163 crore. Operating revenue grew 40% to Rs 1,888 crore, while total insurance premium increased 41% to Rs 8,372 crore. PAT margin also improved to 9% from 6% a year ago.

Power Grid shares fell more than 3% after the state-run power transmission company reported a marginal decline in the June-quarter net profit.

On the domestic equity market front, Sensex climbed 201.43 points to 78,782.43 in opening trade, while Nifty was marginally up by 16.35 points to 24,641.

According to NASA, a combination of solar activity and gravitational forces prompted the unplanned impact.

Oneindig Technologies and Dhaval Packaging are set to debut on the BSE SME platform today. While both IPOs attracted investor interest, Dhaval Packaging enters listing day with stronger momentum, backed by a 35.52-times subscription and a 12% grey market premium.

Navin Fluorine International remained in focus after IDBI Capital said the specialty chemicals maker is well-positioned for future growth, driven by robust momentum across its High Performance Products (HPP), Specialty Chemicals and CDMO businesses.

Shares of Prudential plunged after reports that Chinese tax authorities had begun collecting personal income tax on returns from offshore insurance policies, stoking concerns over tighter regulatory oversight of cross-border investments. The development also weighed on other Hong Kong-focused financial stocks amid fears of weaker demand from mainland Chinese customers.

The stock was trading around Rs 3,063 after closing at Rs 3,129 in the previous session. Over the past month, Trent has declined more than 8%, giving up much of the momentum it had built earlier this year.

Three top brokerages, three different calls on India: Morgan Stanley sees the de-rating as cyclical, HSBC counts on FII flows to reverse, BofA flags multiple risks that could still derail the rally.

Neuland Laboratories shares climbed as much as 7% after the drugmaker reported a more than 10-fold rise in Q1 net profit to Rs 147.7 crore

Hong Kong-listed insurance stocks slumped after reports that Chinese tax authorities have begun levying a 20% personal income tax on income earned from offshore insurance policies. The move has raised concerns over demand from mainland Chinese customers, weighing on insurers and financial stocks with significant cross-border exposure.

Even after missing the July 31 ITR deadline, taxpayers can file a belated return to seek refunds. However, it comes with additional costs and consequences. Check here.

Gold and silver prices today, 6 August: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.

Alpha: vile

The revised FCRA Rules 2026 introduce crucial changes tightening regulatory oversight on foreign funding in India. These reforms redefine key functionaries to restrict foreign control, demand disclosure of ultimate donors, and mandate state-wise operational tracking, signaling a stricter compliance landscape for non-profits.

The Court observed that Nintendo had used the mark since 1889 and had acquired considerable reputation and goodwill internationally as well as in India

Indian stock markets opened higher, extending previous session gains. Hopes for a Middle East crisis resolution and strong Q1 earnings fueled the positive sentiment. Several key sectors and broader markets also registered gains during the morning trade. US President Trump expressed optimism regarding ongoing negotiations with Iran. Analysts anticipate continued market strength driven by fundamental factors and demand.

Indian markets closed higher with Sensex rising 374 points, while Nifty remained flat due to divergence from the closing auction session. PSU banks outperformed, while auto and realty lagged. Analysts see valuation support holding, with limited RBI impact and cautious FII flows amid high US bond yields and global uncertainty.

Five Nifty 500 stocks, including RR Kabel, Engineers India, and Hindustan Zinc, flashed the bullish White Marubozu candlestick pattern on August 5. According to StockEdge data, the technical pattern signifies strong intraday buying momentum, suggesting that buyers remained in firm control throughout the trading session and hinting at potential price uptrends.

The RBI Governor said it is too early to decide whether UPI transactions will attract Merchant Discount Rate (MDR), even as the proposed Payment and Settlement Systems (Amendment) Bill has revived the debate. 

Cummins India reported an 8% year-on-year decline in June-quarter profit despite an 18% rise in revenue, driven by robust domestic sales. The company expects steady demand ahead, while HSBC retained its Buy rating with a Rs 6,500 target, citing growth potential in power generation, data centres, aftermarket services and exports.

Cummins India experienced a decline in shares following an eight percent dip in profits for the June quarter. In contrast, revenues surged with an impressive eighteen percent increase compared to last year. With managing director Shveta Arya set to depart by the end of August, analysts express varied opinions, highlighting robust demand while raising concerns about profit margins. The company remains optimistic about maintaining steady momentum amidst inflation challenges.

In a noteworthy development, Japanese investors turned their attention to foreign bonds for the first time in three weeks, driven by a strengthened yen and increasing overseas yields. Simultaneously, foreign investors returned to Japanese long-term bonds after earlier outflows, although they receded from Japanese stocks and short-term bills. This trend follows recent currency market interventions by both Japanese and US authorities.

Five NSE F&O stocks recorded over 10% growth in futures open interest on August 5, signalling increased trader participation and fresh position build-up, with MCX, BSE, and Marico leading gains.