GIFT Nifty climbed above the 24,000 level as Asian markets reached a six-week peak, signaling positive opening momentum for Indian equities. The move in GIFT Nifty, which serves as a real-time pre-market indicator for the Nifty 50, suggests domestic indices are positioned for a gap-up start. Asian benchmark strength provides the regional tailwind driving the sentiment. Broad risk-on positioning across the region appears to be lifting futures simultaneously, though the specific catalysts driving the Asian rally are not detailed in available reporting. Traders will watch whether cash-market volumes sustain the early optimism once Indian exchanges open, and whether the Nifty 50 can hold above key technical levels through the session. Foreign institutional flow data and any intraday sector rotation will be the clearest signals of whether the opening gap holds or fades.
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.