Bitcoin climbed to a two-month high near $78,000, driven by easing geopolitical tensions and renewed investor confidence, with the broader crypto market moving in step. Ethereum posted concurrent gains, while major altcoins including XRP and BNB also advanced, signaling broad-based demand rather than isolated Bitcoin speculation. Analysts have identified $78,000 as a key resistance threshold, with a confirmed breakout targeting $84,000 on technical momentum. Ethereum's chart structure is also drawing positive readings from technical analysts, suggesting the altcoin rally has room to extend if Bitcoin clears its ceiling. Regulatory developments and institutional inflows are cited as structural tailwinds reinforcing the current move. Institutional capital entering the market at scale tends to compress volatility and support higher price floors, distinguishing this expansion from retail-driven cycles. Whether the $78,000 resistance holds or breaks will determine near-term trajectory across the asset class.
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.
