Tesla's stock has reclaimed its 50-day moving average, a technical threshold traders watch as a signal of near-term momentum recovery. The move marks a meaningful shift from recent weakness, though the stock has not yet reached a point that technical analysts would classify as a formal buy trigger. The 50-day line is widely used by institutional investors to gauge trend health; a clean hold above it often precedes broader re-accumulation, while a failure to hold can confirm renewed distribution. For Tesla, which has faced pressure from slowing delivery growth, margin compression, and heightened competition in the EV sector, reclaiming this level carries operational as well as technical weight. The stock becomes more actionable if it forms a proper base and breaks above a defined pivot point with above-average volume, the conventional confirmation that demand is outpacing supply at current prices. Investors tracking the name should watch for a sustained hold above the 50-day and a constructive base-building period before treating the move as a durable entry signal.
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.
