US stocks climbed to fresh all-time highs, with President Trump publicly claiming credit for the rally amid a backdrop of ongoing conflict, oil price shocks, and elevated inflation. Trump struck a victory pose in response to the market move, framing it as a sign of confidence in his administration's economic management. The rally is notable because it comes despite several forces that typically weigh on equities: war-related uncertainty, energy price volatility, and sticky inflation that keeps pressure on the Federal Reserve's rate decisions. Markets moving higher through those headwinds signals that investors, at least in the short term, are pricing in optimism over risk. The phrase 'Trust in Trump' circulated alongside the market move, suggesting the administration is tying the rally directly to its policy brand. Whether that framing holds will depend on how durable the gains are and whether inflation and oil prices ease or intensify. Watch for Fed commentary and energy price trends as the near-term tests of whether this rally has fundamental support or is running on sentiment alone.
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.
