CNBC's Jim Cramer publicly endorsed IBM as a buy, calling the stock 'terrific' at its current price level. The comment adds retail and media-driven attention to IBM at a moment when the company has been repositioning around hybrid cloud and AI infrastructure. Cramer's market commentary carries measurable influence over retail investor sentiment, and public buy calls on large-cap technology names can generate short-term volume and price movement. IBM trades on the NYSE and is a component of the Dow Jones Industrial Average, giving any sentiment shift broader index visibility. Investors tracking the name will watch for whether the endorsement coincides with any fundamental catalyst, earnings, contract wins, or updated guidance, that could sustain momentum beyond the initial attention. Without an accompanying operational trigger, media-driven moves in large-cap equities tend to be short-lived. IBM's valuation relative to peers in enterprise AI and cloud infrastructure remains the more durable variable to monitor.
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.