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India’s stock market started the Closing Auction Session for eligible F&O stocks today. This new framework changes how closing prices get determined by using a 20-minute auction instead of the old 30-minute average. Traders must now use these revised timings as the market moves to improve price discovery and stability.
Passive funds are moving beyond broad indices as fund houses launch products tracking specific sectors like defence and energy. In the six months to 30 July 2026, the Nifty 50 fell 3.3%, while sectoral indices rose. Anubhav Srivastava said, "Sectoral ETFs and index funds are a good way."
India and Uzbekistan aim to double bilateral trade to three billion dollars within three years. Commerce Minister Piyush Goyal said on Monday that both nations could explore a free trade agreement. Uzbekistan also invited Indian firms to invest in mining and rare earths to help strengthen their growing economic ties.
Pankaj Tibrewal of IKIGAI Asset Manager said earnings resilience across companies is the real story. He noted that 60% of firms reported over 15% growth, showing a healthy trend. Tibrewal believes private sector banks could lead the next market rally as macroeconomic indicators improve and broaden the investment case for equities.
Asian stocks were mixed Monday after the US and Japan acted to prop up the yen against the dollar. Oil prices fell about 5 per cent as US President Donald Trump said he would order US forces to refrain from attacks against Iran, hoping for a deal to end fighting.
ITC shares opened higher on Monday, trading at ₹288.65 after analysts backed the firm’s volume resilience. While cigarette volumes fell 5 per cent in Q1, experts noted limited demand destruction. Many firms upgraded the stock to Buy, even as ITC faced a steep earnings miss following a major tax hike.
India’s manufacturing growth fell to 53.5 in July from 54.2 in June, marking a near five-year low. New orders and hiring slowed down as market conditions got tough. HSBC Chief India Economist Pranjul Bhandari said, "The suppliers' delivery times index rose in July, an encouraging sign that supply chain delays continue."
Gold and silver prices rose on August 03, defying international trends. Gold expiring October 05, 2026, rose 0.31 per cent to Rs 143821, while silver futures expiring September 04, 2026, jumped 1 per cent to Rs 219251. Meanwhile, the RBI MPC meeting started and will run until August 05, 2026.
GAIL India shares fell 5% on Monday despite the company reporting a Q1 FY27 net profit of Rs 4,665 crore. This profit nearly doubled from the previous year. JM Financial kept a 'Buy' rating, noting that "gas trading profitability is likely to remain robust for GAIL over the medium term."
The Nifty spent 15 weeks trapped in a 1,531-point range, but recent global shifts might bring foreign investors back. The benchmark closed at 24,366 after a strong rally. Vinod Nair said, “The unwinding of the crowded global AI trade during the week strengthened the case for foreign inflows into India.”
Rahul Ghose of Hedged said the Nifty 50 may end 2026 around 26,800-27,000. The Indian stock market gained 2.2% in July, supported by healthy earnings and FPI buying. Ghose said, "If crude eventually settles in the $80-85 band, it is a manageable input for India Inc. and the current account."
Mumbai-based Encube Ethicals filed draft papers with SEBI on August 1 to raise Rs 3,000 crore through an IPO. This offer for sale allows promoter Mehul Madhusudan Shah and Quadria Capital-backed Frontier Investment Holdings to sell their stakes. The company reported a profit of Rs 437 crore for March 2026.