The Nasdaq Composite posted its longest consecutive winning streak since 1992, extending a historic recovery in U.S. equity markets. The run marks a significant reversal from recent volatility, with the tech-heavy index sustaining momentum across multiple sessions in a pattern not seen in more than three decades. The streak signals renewed investor appetite for growth and technology equities after a period of pronounced selling pressure. Sustained buying across consecutive sessions typically reflects a shift in positioning rather than a single-day event, suggesting institutional flows have realigned toward risk assets. Traders and portfolio managers will now watch whether the index can hold gains at current levels or whether the streak exhausts near-term buying demand, leaving the rally vulnerable to profit-taking. The durability of the move will depend on incoming macro data, earnings results, and Federal Reserve signals, any of which could test the conviction behind the current run.
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.