The National Stock Exchange has received Securities and Exchange Board of India approval to invest in a proposed coal exchange, marking a significant regulatory step toward establishing a dedicated commodity trading venue for coal in India. The exchange would operate under a licence granted by the Coal Controller Organisation, the statutory body that governs coal trade under applicable rules. NSE is expected to approach the Coal Controller Organisation for that licence following the SEBI clearance. The structure places NSE at the intersection of financial market infrastructure and energy commodity trading, a pairing that could expand price discovery mechanisms for one of India's most heavily traded industrial inputs. The coal exchange, once operational, would provide a centralised platform for buyers and sellers to transact, potentially improving transparency in a market that currently relies on bilateral and spot arrangements. Investors and operators in thermal power, steel, and cement sectors, all major coal consumers, would be the primary participants to watch as licensing and operational timelines become clearer.
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.
