Apple reported record revenue for its March quarter, driven by a 28% sales jump in China. The result beat expectations and marked a strong rebound in what has been one of the company's most contested markets, where local rivals like Huawei had been gaining ground. China is Apple's third-largest revenue market, and growth there had stalled in recent quarters amid intensifying competition and broader economic pressure on consumer spending. A 28% surge signals that demand for iPhones held up stronger than analysts had forecast. The March quarter, which covers January through March, is typically Apple's slowest after the holiday rush. Posting a record in that window points to underlying demand strength, not just seasonal lift. Services revenue, which carries higher margins than hardware, likely contributed alongside iPhone sales, though the headline driver here is clearly China. Watch for whether this China momentum holds into the June quarter, and whether it reflects a one-time bounce or a durable shift in Apple's competitive position against domestic Android brands.
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.
