Oracle, AMD, and Microsoft are tracking toward historically strong weekly performances, driving a broad-based rally across semiconductor and enterprise software names. Intel, Broadcom, Micron, Marvell, and ON Semiconductor are also posting sharp April gains, lifting the iShares Expanded Tech-Software Sector ETF (IGV) alongside them. The move reflects synchronized buying across both hardware and software layers of the tech stack, an unusual breadth signal that typically indicates institutional rotation rather than isolated momentum. Semiconductors tied to AI infrastructure, AMD, Broadcom, Marvell, are leading within that cohort, consistent with continued capital deployment toward data center build-outs. The IGV's participation matters because it captures enterprise software valuations, meaning the rally is not purely a chip story. Investors should watch whether these weekly gains consolidate or reverse as earnings season progresses, several of these names are approaching or breaching prior resistance levels, and forward guidance will determine whether current pricing holds.
The Indian government has launched an OFS to sell up to 6.5% of its LIC stake, opening for non-retail investors on August 4, 2026, at a floor price of Rs 382 per share, about 11% below Monday's close. The discounted offering is likely to pressure LIC shares in the near term as supply increases sharply.
More than a dozen major Indian companies including Bharti Airtel, ONGC, Pidilite, Nykaa, DLF, and Ather Energy report April-June 2026 earnings on August 4. Results span telecom, energy, consumer goods, real estate, and EV sectors, giving markets a broad read on corporate health mid-earnings season.
Amazon shares hit a new all-time high Monday, pushing its market cap above $3 trillion following a sustained post-earnings rally. The milestone places Amazon among the very few companies globally to reach this valuation, with investor focus on AWS and advertising growth driving the move.
Sensex Gains 500 Points as Oil Falls on Iran Talks
The Sensex rose around 500 points and the Nifty crossed 24,500 on Monday after Donald Trump announced talks with Iran, pushing oil prices lower. IndiGo, ITC, FMCG, and metals led the gains as cheaper crude eased cost and inflation concerns.
