U.S. equities declined across the board on Tuesday as a pullback in technology shares weighed on all three major indexes, with the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite each finishing lower. The tech sector, which has driven much of the market's recent gains, led the retreat as investors reassessed valuations amid broader uncertainty. Geopolitical attention centered on developments in U.S.-Iran diplomacy, which added a secondary layer of caution to trading sentiment without producing a clear directional catalyst. The convergence of a tech-led selloff and unresolved diplomatic signals kept risk appetite subdued throughout the session. Traders will be watching whether tech stabilizes at current levels or extends the pullback, and whether progress on a U.S.-Iran agreement alters the oil price and broader risk landscape in subsequent sessions.
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.