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Informist, Tuesday, Aug. 4, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: To open dn on rise in oil; closing auction mechanism in focus

 

MUMBAI--0825 IST--Domestic equity indices are expected to open lower Tuesday, as suggested by movement in the August futures contract of GIFT Nifty following a slight rise in the crude oil prices from Monday's levels. Indices are likely to open lower, after rising 1–2% Monday, amid ongoing negotiations between the US and Iran. Market participants will Tuesday shift their focus on how the new closing auction mechanism functions for the equity cash segment.

 

Stock exchanges Monday implemented the new closing auction mechanism for the equity cash segment, applicable to stocks in which futures and options trading is permitted. However, a divergence occurred between the closing levels of the Nifty 50 and the Sensex on Monday after the prices were determined under the new closing auction mechanism. Monday, when the continuous trading ended, the 50-stock index had ended at 24573.35 points, up 0.8% from Friday. Post the closing auction session, the index ended at 24774.30 points, up 390.70 points or 1.6%.

 

According to a press release by the National Stock Exchange released Monday, on the first day of CAS implementation itself, 515 trading members participated, and they placed orders for 56,773 unique Permanent Account Numbers. "It was more than today's pre-open call auction session where 403 trading members participated who placed orders for 42,822 unique PANs," according to the release. The exchange said the participation levels were very good, given the first day, and it is expected to mature and increase with time.

 

The NSE also mentioned the index graph on the exchange during the CAS session needs to be properly interpreted, as there is no sudden change in the index at 1530 IST but the order collection, cancellation, and matching follows a process. As there is no continuous order matching between 1515 IST and 1530 IST, the index value is constant as it is based on traded values. "However, the indicative values are displayed just besides that get quote on the Exchange website, based on the indicative values derived from the equilibrium prices calculated continuously during 1515 IST and 1530 IST," according to the release.

 

At 0825 IST, the August futures contract of GIFT Nifty was marginally higher from its previous close at 24649.50. This was over 120 points lower than the Nifty 50's previous close of 24774.30. "Gift Nifty is indicating towards a flat opening for the domestic markets," Vipin Kumar, assistant vice president of research at Globe Capital Market, said. "Going ahead, sustenance above 24600 hold the key for a sustainable move to 24800 and higher levels in the near term. Conversely, fall below 24400 spot will confirm the further consolidation in the benchmark index."

 

On the earnings perspective, Bharti Airtel and Oil and Natural Gas Corp. will be tracked as the companies will detail their June quarter earnings later in the day. Bharti Airtel is expected to post consolidated net profit at INR 85.51 billion, up 44% on year. Its revenues are expected to grow nearly 16% on year to INR 572.89 billion.

 

All three major US indices settled higher Monday with significant gains. The NASDAQ Composite closed over 2% higher, while the Dow Jones Industrial Average and S&P 500 closed above 1% higher each. Asian equity indices were mixed in early trade, with the S&P/ ASX 200 Index up 1%.  (Arundathi A R)

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Equity Alert: US mkts cheer W Asia war de-escalation, Dow Jones hits new high

 

MUMBAI--0701 IST--Major US indices closed higher Monday as signs of de-escalation in the West Asia war lifted sentiment. Positive expectations for corporate earnings due this week also supported market sentiment. Barring the shares of Apple, all the other magnificent seven stocks posted gains. Amazon breached the $3 trillion level in market capitalisation and shares of the company closed around 5% higher. The Dow Jones Industrial Average hit a fresh high Monday, and it closed above the 53000 mark for the first time in 19 trading sessions. The Nasdaq Composite and the S&P 500 closed 2% and 1% higher, respectively. 

 

Among the 11 major sectoral indices, the S&P 500 Communication Services was the best performer, which closed over 4% higher. Gains in major movers such as Meta Platforms and Alphabet boosted the index; both closed more than 6% and 4% higher, respectively. Of the S&P 500 companies, 304 companies reported their earnings and showed a 29.3% growth, according to a Reuters report.  

 

Ahead of earnings for the quarter ended June, SpaceX ended 5% up and those of Caterpillar around 2%, while those of McDonald's closed 2% lower. Shares of Bristol Myers Squibb closed slightly higher after a report suggested that the company is in talks for a merger with UK drugmaker AstraZeneca. The deal could value the companies together at around $400 billion.

 

Following were the closing levels of major US indices Monday:

 

Index	Level	Change in %
Dow Jones Industrial Average	53178.41	1.3
NASDAQ Composite	25913.90	2.1
S&P 500	7600.5	1.5

 

(Deesha Jadhav)

 

US$1 = INR 95.34

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Akul Nishant Akhoury

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India

Internet links:
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Bombay Stock Exchange - http://www.bseindia.com
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Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in

 

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