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Crude oil prices reached $84.50 a barrel on August 4 after recent losses. Prices rose as supply risks returned following fresh attacks near the Strait of Hormuz. Diplomatic hopes faded as Iran said no negotiations are underway with the United States. Experts said prices will depend on how long disruptions persist.
The Indian market started the week with strong momentum and expects continued positive sentiment. Encouraging first-quarter earnings and easing crude oil prices support this upward trend. Investors now watch the Reserve Bank of India's monetary policy meeting. On Friday, foreign portfolio investors net bought shares worth Rs 922 crore.
ITC’s June 2026 net profit fell 27% as higher cigarette taxes hit the company hard. Despite this, the consumer segment and paper business showed strong growth. Analysts reduced earnings estimates for upcoming years because ITC faces risks like input cost inflation and weak monsoon progress during this difficult fiscal period.
Indian equity markets ended on a strong note on 4 August, with Nifty 50 closing at 24,774.30, up 1.60%. Nifty IT led the gains with a 3.28% rise, while Nifty Media fell 3.09%. Many stocks showed positive movement as 2,360 shares advanced, reflecting broad buying interest across the market.
Indian promoters boosted stock purchases in the June quarter, pushing their ownership in listed companies to a two-year high. While foreign investors reduced holdings to a fourteen-year low, domestic investors absorbed the sell-off. Pranav Haldea said, "There is no one who knows more about the business than the promoters."
Asian shares rose after a Wall Street rally driven by tech stocks. The S&P 500 Index climbed 1.5% as investors looked for growth. Matt Orton said, “Earnings will remain the primary focus, with roughly 15% of the S&P 500 by market capitalization scheduled to report.” Oil prices fell amid easing tensions.
India’s new Closing Auction Session started on Monday, leading to an unusual result where the Nifty surged while the Sensex lagged behind. Although both benchmarks track similar stocks, they stopped moving together during the final minutes of trading. Investors are now watching closely to see how this new process works.
Indian markets rose on Monday as the Nifty soared 1.6% to 24,774.30 points. The Sensex closed 0.7% higher at 78,639.03. Vinod Nair said, “The decline in crude oil prices provided relief to markets by easing concerns over inflation.” Most sectors improved, while the rupee strengthened for the sixth consecutive session.
The Nifty 50 jumped nearly 200 points on Monday after the new Closing Auction Session started. This shift replaced the old volume-weighted average price method. Hitesh Tailor said, “This forced short sellers to cover positions before continuous order matching stopped, adding strong underlying upward pressure near the session close.”
The Nifty reached a five-month high on August 3 as markets started the week strong. Brent crude fell over 7% after the US called off a strike on Iran. Meanwhile, the rupee got a boost, hitting a one-month high against the dollar, supported by steady foreign inflows and cheaper oil.
Amazon touched a $3 trillion market capitalization for the first time on Monday. This milestone showed how artificial intelligence optimism pushed technology stocks to new highs. Amazon shares got a boost, rising 3.1% to reach a record high. The company saw yearly gains reach 17.5% as investors cheered the strong growth.
UPL, DLF, Burger King India and Ather Energy reported earnings on Monday, showing a mixed bag of results. KEI Industries saw profit jump 40% due to strong demand. While UPL returned to profit, DLF faced a revenue drop of 53%. Many companies got varied outcomes as the week started.