The S&P 500 closed 0.3% higher on Tuesday, setting another record and extending a near-unbroken April run that has now produced only one daily decline and a month-to-date gain exceeding 7%. The Nasdaq composite logged its longest consecutive winning streak since 2017, underscoring broad-based risk appetite across large-cap equities. Energy and real estate led sector gains, suggesting the rally has rotational depth rather than concentration in a single theme. Ceasefire optimism provided the macro tailwind, with markets pricing reduced geopolitical risk premium into equity valuations. Earnings season continues to run in parallel, giving investors a dual catalyst structure that has so far resolved to the upside. The combination of receding conflict risk and still-active corporate reporting creates conditions where any negative earnings surprise or ceasefire breakdown could introduce asymmetric downside. Watch whether the S&P sustains record levels through the remainder of earnings season or if the geopolitical narrative shifts.
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.
