The S&P 500 closed above 7,000 for the first time, while the Nasdaq Composite reached a record high, as equities fully erased losses tied to earlier Iran-related geopolitical tensions. The dual milestone marks a decisive recovery from a period of war-risk selling that had weighed on both indices. The move above 7,000 on the S&P 500 is a psychologically significant threshold that tends to draw fresh institutional attention and media-driven retail flows. Investors appear to have repriced geopolitical risk downward, concluding that the Iran conflict scenario posed less sustained economic disruption than initial selling implied. The recovery also signals broad-based buying rather than sector rotation, with the Nasdaq's simultaneous record suggesting risk appetite extended into growth and technology names. The immediate question for market participants is whether the 7,000 level holds as support or whether the breakout invites profit-taking. Macro conditions, earnings momentum, and any renewed geopolitical escalation will determine whether this level consolidates or retreats.
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.
