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Shares of Whirlpool of India fell nearly 5% on Wednesday, August 5, after the company reported a weak operating performance for the June quarter. Profit dropped 29.4% to ₹103 crore as margins narrowed to 5%. Higher raw material costs pushed expenses up, though revenue grew 12% to ₹2,727 crore during this period.
European stocks climbed on Wednesday as U.S.-Iran diplomatic talks lifted investor sentiment. The STOXX 600 index rose 0.4% to 659.29. Mining companies led the rally, while Sandoz and Siemens Energy gained on strong earnings. However, Novo Nordisk shares fell after drug trial setbacks, showing how corporate results still drive market moves.
UK stocks rose after the S&P Global Services PMI climbed to 52.1 in July. This growth ended a four-month contraction as domestic demand improved and cost pressures eased. While business optimism grew, the labour market remained weak. European markets also got a boost as investors assessed these new economic indicators.
The Reserve Bank of India will test polymer banknotes starting next fiscal year. RBI Governor Sanjay Malhotra said, "Polymer notes enhance the life and durability of banknotes." The bank will launch Rs 10 and Rs 20 notes to check how they perform in Indian weather. These notes should last much longer.
Shares of Osiajee Texfab Ltd. jumped nearly 10 per cent on Wednesday after the company said its board will consider a 1:10 stock split on August 13, 2026. The board will also approve financial results for the quarter ended June 30, 2026. Many investors hope this move improves trading liquidity.
India needs more world-class exhibition and logistics infrastructure, industry experts said on Wednesday in Singapore. While venues like Mumbai’s Jio World Convention Centre helped, more facilities are needed in other cities. Experts said partnerships with international organisers would help attract overseas visitors and support exports for the Make in India initiative.
Euro zone business activity reached an eight-month high in July as services rebounded. The S&P Global Euro Zone Composite PMI rose to 52.0, showing growth. Chris Williamson said, "July's final PMI adds to a picture of encouraging resilience of the euro zone economy." However, the Middle East conflict clouds the outlook.
Ola Electric Mobility share price rose over 10% on Wednesday after signing an MoU with Axis Energy. The deal aims to develop 20 GWh of battery storage by 2032. Bhavish Aggarwal said, "India will need energy storage at a massive scale," as the company prepares to launch its Mahashakti platform.
Mutual fund returns in 2026 show pharma and small-cap funds outperform as last year’s winners stumble. Value Research data shows six of seven major categories reversed rankings. Debasish Mohanty said, "The belief that yesterday's winners will continue to be tomorrow's winners is one of the biggest misconceptions in mutual fund investing."
AMD beat quarterly revenue estimates and forecast Q3 sales of $13 billion, driven by high AI chip demand. Despite this, shares fell nearly 9% as investors wanted even bigger gains. CEO Lisa Su said AMD expects its data-centre sales to more than double, showing the company is growing its AI business.
Systematix Institutional Equities initiated coverage on Vedanta Aluminium with a Buy rating and a target price of Rs 598. The brokerage said the stock could see a 28% upside. They expect earnings growth to get a boost from higher volumes, deeper backward integration, and strong demand for aluminium products.
Sensex and Nifty 50 showed different movements for the third session on Wednesday, 5 August. The Sensex jumped over 600 points, while the Nifty 50 fell by 0.20%. Experts said, "These closing price anomalies should begin to normalise as participation in the CAS increases." This divergence followed new auction rules.