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Informist, Wednesday, Aug. 5, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Indices open higher ahead of RBI MPC meeting outcome

 

MUMBAI--0923 IST--Indices opened higher, buoyed by positive cues from the global markets and commentary from US Treasury Secretary Scott Bessent indicated that the US and Iran could be nearing a deal to reopen the Strait of Hormuz. While the Nifty 50 was marginally higher, the BSE Sensex pared some gains and was up around 0.6%. Buying interest was evident in companies tied to real estate, infrastructure, and public-sector companies. However, investors sold fast-moving consumer goods and healthcare stocks.  

 

At 0917 IST, the Nifty 50 index was at 24643.15 points, up 28.25 points, or 0.1%. The 50-stock index is expected to take support at 24400 points and face resistance at 24700 points. These indices are expected to stay in broader range. The BSE Sensex was at 78899.90, up 470.14 points, or 0.6%. There was a sharp divergence in the opening levels of the Nifty 50 and the Sensex rose sharply. Broader market indices also gained sharply. 

 

Among stocks, Interglobe Aviation, Larsen & Toubro, Mahindra & Mahindra, and financiers like Bajaj Finance, Shriram Finance, and Jio Financial Services were the top gainers, gaining 1-2%. Meanwhile, traders sold shares of Apollo Hospitals, Nestlia India, and SBI Life Insurance Co. fell over 1-2%.  

 

Investors will track the Reserve Bank of India's Monetary Policy Committee meeting outcome, as declared by the governor Sanjay Malhotra at 1000 IST. It is widely expected that the committee will hold policy repo rate at 5.25%, for fourth time in a row. It is to be seen whether the decision was unanimous or whether there would be in any dissent. Rate-sensitive sectors such as banking and financial services, housing finance, real estate, consumer durables, and automotive will also be closely monitored. 

 

Last week, the central banks of the US, the UK, and Japan kept their key interest rates unchanged. This decision was on account of concerns over near-term inflation due to the war in West Asia. However, the decision was not unanimous as some policymakers within the respective committees voted for a hike. The Bank of England had said it is ready for a hike if the war escalates from what it is now. (Gopika Balasubramanium)

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Equity Alert: Most Asian indices open higher; tech cos lead gains

 

MUMBAI--0800 IST--Most Asian indices opened higher Wednesday, taking positive cues from the US market. The US and Iran could be nearing a deal to reopen the Strait of Hormuz, said US Treasury Secretary Scott Bessent. Japan's SoftBank Group Corp. advanced nearly 12% and Advantest rose more than 7%. This lifted the regional benchmark Nikkei 225 above 3%. South Korea's SK Hynix and Samsung Electronics rose nearly 6% and 3%, respectively. This took the regional benchmark Kospi above 4%. 

 

During early trade, Australia's benchmark S&P/ASX 200 rose 0.7%. Heavyweight BHP Group rose nearly 3%. The multinational mining company Rio Tinto rose more than 1%. Shares of Fortescue, an iron ore producer, rose slightly. Mainland China's CSI 300 fell slightly, dragged down by a fall in artificial intelligence hardware stocks in the region, Reuters reported. This came after the news that the Trump administration was drafting a ban on US imports of new models of Chinese data centre components. The CSI 300 Telecommunication Services Index fell 6% in early trading.

 

On the macroeconomic front, Japan's real wages grew 1.6% on year in June, Reuters reported. This was the sixth consecutive month of increases, as per the report.

 

Following are the levels of key indices in the region at 0758 IST:

 

Index	Level	Change in %
Nikkei 225 Day	66099.58	3.4
TOPIX FIRST SECTION	4029.85	1.7
S&P/ASX 200 Index	9175	0.3
KOSPI Index	6637.24	4.4
Hang Seng Index	25936.71	0.3
CSI 300 Index	4595.88	(-)0.1
FTSE Singapore Strait Times	5590.85	(-)0.4

 

(Deesha Jadhav)

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Equity Alert: Indices to move in range Wed; MPC decision, oil prices eyed

 

MUMBAI--0815 IST--Domestic equity indices are seen rangebound Wednesday and then moving upwards amid uncertainties over the reopening of the Strait of Hormuz waning. Iran confirmed that talks with Oman for safe traffic through the Strait were advancing. Crude oil prices also went down to their three-week low of $78.41 a barrel. Market participants will track the Reserve Bank of India's Monetary Policy Committee decision Wednesday, besides developments in West Asia, crude oil prices, and corporate earnings. Shares of Power Grid Corp. of India will be in focus as the company will detail its June quarter earnings later in the day.

 

At 0810 IST, the August futures contract of GIFT Nifty was largely flat from its previous close at 24748. This was over 130 points higher than the Nifty 50's previous close of 24614.90 after the closing auction. After the continuous trading session at 1515 IST, the Nifty 50 settled at 24463.45 points Tuesday, down 1.3%.

 

"Going forward, 24600 spot will continue to act as immediate resistance followed by 24850 spot levels," Vipin Kumar, assistant vice president of research at Globe Capital Market, said. "On the flip side, a decisive close below 24400 spot could drag the index toward the 24050–24130 zone in the near term, confirming further consolidation. The RBI monetary policy decision scheduled for Aug. 5, 2026, could serve as the key trigger for the next short-term directional move."

 

Sundar Kewat of Ashika Institutional Equity Research expects the index to continue maintaining a positive structure. "Any dip towards the 24500–24600 zone should be viewed as a buying opportunity for fresh accumulation. As long as the index sustains above this support range, the next upside target is seen at 25200," he said. 

 

The Reserve Bank of India's Monetary Policy Committee is expected to keep interest rates on hold and maintain a neutral policy stance Wednesday, owing to uncertainty over the impact of the war in West Asia and the El Nino condition on economic activity and inflation. All 18 economists and market participants polled by Informist expected the Monetary Policy Committee to hold the repo rate at 5.25%.

 

Power Grid Corp. of India Ltd. is expected to report a net profit of INR 39 billion for the June quarter, up 7% on year. Its revenues for the reporting quarter are expected at nearly INR 123 billion, a jump of nearly 24% on year. The electric power transmission utility company's revenues are likely to be aided by high demand for power due to a delayed monsoon. However, bottom line growth is seen relatively slower, despite commissioning of projects and asset capitalisation, due to continued capital expenditure, according to analysts.

 

All three major US indices closed significantly higher Tuesday, with the Nasdaq Composite gaining 2.6%. Asian equity indices were mixed, with most of them gaining in early trade. South Korea's KOSPI was the top gainer, up over 4%.  (Arundathi A R)

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Equity Alert: US indices end higher Tue on good earnings, US-Iran deal hope

 

MUMBAI--0716 IST--US markets closed higher Tuesday, boosted by companies' earnings and comments from the Treasury Secretary Scott Bessent that the US and Iran could be nearing a deal to reopen the Strait of Hormuz. The technology-heavy Nasdaq Composite closed almost 3% higher. The Dow Jones Industrial Average and the S&P 500 both closed around 2% higher, and hit record highs.

 

Shares of Caterpillar rose more than 5?ter the company reported higher earnings for the June quarter. Shares of tech company Palantir rose nearly 30?ter the company reported a more than two-fold on-year increase in its revenue for the June quarter. The company's CEO, Alex Karp, termed the company's second quarter earnings as "otherworldly."

 

"The only thing that really mattered was the question on ROI driving earnings higher and the question of whether or not earnings are in a bubble--and the answer is no," CNBC quoted Alicia Levine, chief investment officer at BNY Wealth, as saying.

 

Elon Musk, founder of SpaceX, said that the company's capital expenditure for the June quarter rose to $18.4 billion. The shares shed 7% post this during the after-hour trading. The chipmaker Advanced Micro Devices fell 8?ter it posted adjusted earnings which beat the Street's estimates by a whisker. 

 

Investors await Automatic Data Processing's private payrolls report for July, the S&P Global Services Purchasing Managers Index and the Institute for Supply Management's non-manufacturing readings for July, all due Wednesday. Companies which will be posting their earnings on Wednesday include e.l.f. Beauty Inc, Disney, Uber, Eli Lilly, and DoorDash, CNBC reported.

 

Following were the closing levels of major US indices Tuesday:

 

Index	Level	Change in %
Dow Jones Industrial Average	54085.88	1.7
NASDAQ Composite	26584.99	2.6
S&P 500	7736.52	1.8

 

(Deesha Jadhav)

 

US$1 = INR 95.01

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

 

Edited by Deepshikha Bhardwaj

 

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.

 

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

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