Eli Lilly, Caterpillar, and Google all posted strong results in the latest earnings round, with their stocks rising sharply on the news. Eli Lilly's gains were driven by surging demand for its weight-loss drug portfolio, which pushed revenue and profits above expectations. Caterpillar reported solid numbers, suggesting continued strength in industrial and construction equipment demand. Google's parent Alphabet also surged, signaling robust advertising or cloud revenue, though specific figures were not provided in the source. The weight-loss drug category has become one of the fastest-growing segments in pharmaceuticals, and Eli Lilly's results reinforce that commercial momentum. Caterpillar's performance is often read as a proxy for broader infrastructure and capital spending cycles. Google's jump adds to evidence that digital advertising has held up better than feared. Investors will watch whether Eli Lilly raises full-year guidance on the back of weight-loss drug demand, and whether Google's strength holds across its next quarter.
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.