Global markets opened with a positive bias as Asian equities rallied, Gift Nifty signalled a firm start, and FIIs remained strong net buyers. Corporate earnings broadly exceeded expectations, led by Bharti Airtel, ONGC, BSE, Nykaa and MCX, while Dabur faced an FDA warning. Investors now await key earnings, the RBI policy decision, and macroeconomic cues for further direction.
GLOBAL MARKET FUTURES (As of 07:00 AM IST)
| Region | Index | Level / Change |
| US Markets (Futures) | Nasdaq | -0.10% |
| Dow Jones | +0.27% |
| S&P 500 | +0.23% |
| European Markets (Futures) | FTSE 100 | +0.09% |
| CAC 40 | -0.19% |
| DAX | +0.55% |
| Asian Markets (Live) | Nikkei 225 | +2.94% |
| KOSPI | +3.21% |
| Shanghai Composite (SSEC) | +0.02% |
| Hang Seng | +0.19% |
| TAIEX | +2.69% |
| Straits Times Index | -0.48% |
| Other Benchmarks | ASX 200 | +0.01% |
| Gift Nifty | 24,710.50 (+0.53%) |
COMMODITY MARKET UPDATES (LIVE)
International commodity markets traded mixed in early Asian hours.
Precious & Base Metals: Gold futures slipped 0.41% to $4,135.65, silver declined 0.49%, and copper eased 0.11% on mild profit booking ahead of key macro developments. Spot gold (XAU/USD) edged 0.06% higher, reflecting steady safe-haven demand.
Energy & Gas: Crude markets rebounded following a 6%+ decline in the previous session. Brent crude rose 1.07% to $79.59/bbl on geopolitical risk and supply concerns, while WTI crude gained 0.11% to $75.85/bbl. Natural gas advanced 0.26% to $2.698 on steady demand projections.
INSTITUTIONAL TRADING ACTIVITY (AUGUST 4, 2026 - CASH SEGMENT)
KEY QUARTERLY EARNINGS EXPECTED TODAY
Power Grid Corporation of India, PB Fintech, Aurobindo Pharma, Berger Paints India, Biocon, Cummins India, eClerx Services, Allcargo Logistics, GE Vernova T&D India, Inventurus Knowledge Solutions, JK Lakshmi Cement, Shree Renuka Sugars, SIS, and Whirlpool of India.
CORPORATE UPDATES & EARNINGS BREAKDOWN
Positive Developments
Persistent Systems: Shareholders approved the acquisition of Nagarro SE through subsidiary Galaxy Germany Holding SE, alongside financing arrangements and corporate guarantees. Offer document publication awaits BaFin approval.
Bharti Airtel: Q1 consolidated revenue grew to ₹585.39 billion (vs ₹573.10 billion est.), PAT stood at ₹81.67 billion, and mobile ARPU improved to ₹264 (vs ₹250). EBITDA margin expanded 50 bps to 57.4%.
Bharti Hexacom: Q1 revenue rose to ₹25.10 billion (vs ₹22.63 billion YoY), PAT reached ₹4.82 billion (vs ₹3.92 billion YoY), and mobile ARPU hit ₹259.
Marico: Beat Q1 estimates with revenue at ₹39.57 billion and PAT at ₹6.30 billion. Management anticipates stable Parachute oil pricing and near-steady gross margins.
FSN E-Commerce (Nykaa): Q1 PAT surged over 3-fold to ₹79.8 crore (vs ₹24.5 crore YoY); revenue grew 29.1% to ₹2,782 crore (vs ₹2,154.9 crore YoY). Board approved acquiring a stake in Aminu Wellness for up to ₹320 million and expanding 'Nykaa Now' to 25 cities by FY27.
BSE Ltd: Q1 PAT jumped 62% to ₹874 crore (vs ₹539.4 crore YoY); revenue scaled 63.5% to ₹1,566 crore (vs ₹958 crore YoY). Company plans to increase its stake in India International Bullion Holding IFSC from 3.33% to 20%.
ONGC: Q1 PAT surged 112.3% to ₹17,034 crore (vs ₹8,024 crore YoY); revenue climbed 45.2% to ₹46,460 crore. Net crude realization (nominated) surged 50.4% to $99.45/bbl.
NHPC: Q1 revenue grew 18.5% to ₹3,808.3 crore (vs ₹3,213.8 crore YoY); PAT rose 2.9% to ₹1,095.9 crore.
PNB Housing Finance: PAT grew 4.5% YoY to ₹5.57 billion; interest income stood at ₹21.38 billion.
Multi Commodity Exchange (MCX): PAT soared 103.5% to ₹413.4 crore (vs ₹203.2 crore YoY); revenue jumped 88.1% to ₹702 crore.
Sanofi India: Q1 PAT rose 20.1% to ₹83.5 crore; revenue increased 7.7% to ₹437.7 crore.
Deepak Nitrite: Q1 PAT spiked over 3-fold to ₹345 crore (vs ₹112.3 crore YoY); revenue grew 36.4% to ₹2,577.6 crore.
Metropolis Healthcare: PAT surged 25.7% to ₹56.9 crore; revenue grew 16.6% to ₹450.2 crore.
Kalyan Jewellers: Q1 PAT climbed 32% to ₹348.7 crore; revenue jumped 45.7% to ₹10,588.9 crore.
Sheela Foam: PAT expanded over 9-fold to ₹61.4 crore; revenue rose 25.6% to ₹1,031.9 crore.
PTC India: Q1 revenue stood at ₹47.74 billion with PAT of ₹979.9 million. Declared an interim dividend of ₹23/share for FY27.
Uniparts India: Revenue reached ₹3.47 billion, PAT at ₹566.1 million. Declared first interim dividend of ₹9/share.
HFCL: Approved a ₹40 billion capex plan for optical fibre and OFC manufacturing capacity expansion.
Pondy Oxides & Chemicals: Reported Q1 revenue of ₹9.35 billion and PAT of ₹358.8 million. Board approved the amalgamation of Harsha Exito Engineering.
Additional Q1 Corporate Earnings Highlights:
United Breweries: Revenue ₹59.17 billion | PAT ₹1.66 billion
Timken India: Revenue ₹9.43 billion | PAT ₹1.20 billion
Metro Brands: Revenue ₹7.20 billion | PAT ₹937.9 million
Rashi Peripherals: Revenue ₹51.02 billion | PAT ₹1.03 billion
Welspun Enterprises: Revenue ₹7.74 billion | Continuing Ops PAT ₹806.2 million
Dredging Corporation: Revenue ₹3.55 billion | PAT ₹112.4 million
Optiemus Infracom: Revenue ₹8.83 billion | PAT ₹211.8 million
Krystal Integrated: Revenue ₹3.61 billion | PAT ₹174.1 million
Hindustan Foods: Revenue ₹12.01 billion | PAT ₹427.6 million
Sudeep Pharma: Revenue ₹1.58 billion | PAT ₹405.5 million
Sundram Fasteners: Revenue ₹16.15 billion | PAT ₹1.51 billion
Elantas Beck India: Revenue ₹2.83 billion | PAT ₹708.6 million
KDDL: Revenue ₹6.34 billion | PAT ₹293.6 million
TPL Plastech: Revenue ₹1.24 billion | PAT ₹65.2 million
Tata Investment Corp: Revenue ₹1.52 billion | PAT ₹1.44 billion
SPR Auto Tech: Revenue ₹14.74 billion | PAT ₹1.44 billion
Orkla India: Revenue ₹6.44 billion | PAT ₹863.7 million
Jyoti Structures: Revenue ₹2.51 billion | PAT ₹194.6 million (Approved raising up to ₹2.5 billion)
Protean eGov: Revenue ₹2.51 billion | PAT ₹58.6 million
Andhra Paper: Revenue ₹3.94 billion | PAT ₹303.2 million
Kritika Wires: Revenue ₹1.62 billion | PAT ₹16.0 million
Order Wins, Business Updates & Operational Expansion:
Healthcare Global Enterprises: Acquiring an equity stake in Epic Vighnaharta Renewable Energy for ₹3.8 million.
Indian Energy Exchange (IEX): July 2026 electricity traded volume grew 7.7% YoY.
Ceinsys Tech: Received Letter of Intent for an AMR water meter project worth ₹169.1 million.
Expo Engineering & Projects: Secured a ₹22.4 million work order from BPCL.
SJS Enterprises: Approved ₹1 billion expansion investment, adding 13,243 sq ft/day capacity via a new Pune facility.
Axis Bank: Priced senior notes in the international debt market.
LIC OFS: Government's offer-for-sale was oversubscribed 3.32x; exercising the 4% oversubscription option.
Negative Developments
Dabur India: Received a US FDA warning letter citing quality system deficiencies (15-day action timeline), alongside a ₹2.5 million GST tax penalty. Company confirmed impact is limited to specific food products, is revising labels per FSSAI directives, and is considering legal options.
Maithan Alloys: Posted a Q1 net loss of ₹704.4 million on revenue of ₹5.59 billion.
Thirumalai Chemicals: Reported a Q1 net loss of ₹436.7 million on revenue of ₹5.47 billion. Board approved fundraising up to ₹7.5 billion.
Parsvnath Developers: CFO Mukesh Chand Jain resigned from his post.
Marico: Flagged persistent input cost pressure in coming quarters and a minor slowdown in modern trade channels.
Neutral Developments
United Breweries (Consolidated): Revenue grew 7.1% to ₹3,067 crore (vs ₹2,864.3 crore YoY), but PAT fell 9.6% to ₹166.3 crore.
Corporate Board Proposals & Leadership Changes:
QGO Finance: Considering NCD issuance via private placement.
Kuber Udyog: Board meeting scheduled to evaluate equity/warrants/convertible fundraising.
Osiajee Texfab: Evaluating a 1:10 stock split.
KG Denim: Re-appointed B. Sriramulu as MD for 3 years (eff. Nov 3, 2026).
Gayatri Bioorganics: Appointed Sreedhara Reddy Kanaparthi as CMD following the resignation of Venkata Sandeep Kumar Reddy Tikkavarapu.
Lime Chemicals: Appointed Samir Kumar Das as Chairman following Avinash Jhaveri's resignation.
Shree Krishna Paper Mills: Re-appointed MD Naynesh Pasari for 3 years.
MACRO, NON-CORPORATE & GLOBAL DEVELOPMENTS
Analyst Ratings: BofA Global Research raised MakeMyTrip target price to $71 from $60.
Shipping & Maritime: Merchant vessel MSV Faize Noore Oliya sank off Yemeni waters following a projectile hit. All 14 crew members (13 Indians) were rescued by the Yemeni Coast Guard.
Aviation Update: Flight data and cockpit voice recorders of Air India Flight A12379 (Phuket–Delhi) were recovered for evaluation after moving the aircraft to a hangar.
Regulatory & Banking:
SEBI: Proposed a framework for foreign currency-denominated Depository Receipts (DRs) backed by REITs and InvITs.
RBI: Extended regulatory restrictions on The Pusad Urban Co-operative Bank.
Digital Payments: Government is preparing steps to reintroduce merchant fees on digital transactions.
Money & Fixed Income Markets:
G-Secs: India's 10-year benchmark bond yield eased to 6.8152% on strong state auction demand and banking liquidity.
Forex: Indian Rupee settled flat at 95.3775 against the US Dollar ahead of the RBI policy decision.
Commodity Insights:
Diplomatic & Infra Updates:
India-Bangladesh: MEA clarified the Indian government had no involvement in former PM Sheikh Hasina's private event remarks.
Sports Infrastructure: New venue management guidelines were issued for Delhi ahead of the Badminton World Championships.
BULK & BLOCK DEAL TRANSACTIONS
| Target Company | Seller / Transaction | Buyer / Details | Stake / Value |
| One 97 Communications (Paytm) | Elevation Capital V, SAIF III Mauritius, SAIF Partners India IV | NPS Trust, Axis MF, Morgan Stanley, Goldman Sachs, BNP Paribas, ICICI Pru Life, Kotak AMC, Franklin Templeton | 1.49 crore shares (₹2,038.02 Cr) |
| Meesho | Elevation Capital, Peak XV Partners | 27 Institutions (Societe Generale, Fidelity, ADIA, Axis MF, UTI MF, HSBC MF) | 2.27% stake @ ₹186/sh (₹1,949 Cr) |
| Poonawalla Fincorp | PFL Employee Welfare Trust | Sundaram MF, HDFC Life, Helios MF, Morgan Stanley Asia | 0.53% stake (47.08 lakh shares) @ ₹473.5/sh (₹222.96 Cr) |
| Sudeep Pharma | Nuvama Crossover Opportunities Fund (III & IIIA) | Goldman Sachs India Equity Portfolio | 1.04% stake (11.76 lakh shares) @ ₹850/sh (₹100 Cr) |
| Zota Health Care | Valiant India Opportunities | Lyptus Punch-Card Fund | 0.63% stake (2.19 lakh shares) @ ₹1,241/sh (₹27.18 Cr) |
| Rajgor Castor Derivatives | Unicorn Fund | Raghav Narendra Rathi, Rameshchandra M. Rathi, Madhav N. Rathi | 3.75% stake (8.97 lakh shares) (₹2.95 Cr) |
| Aimtron Electronics | Promoter Mukesh Jeram Vasani | Alchemy Long Term Ventures Fund Series 3 | ~2.06-2.1 lakh shares @ ₹1,480/sh (₹30.48 Cr) |
| Apollo Pipes | Block deal seller | Promoter S Gupta Holding | 4.5 lakh shares (>1% stake) @ ~₹522/sh (₹23.5 Cr) |
PRIMARY MARKET ACTION (IPOs & LISTINGS)
Ongoing IPOs
Anawil Wire and Engineering Ltd (NSE SME): Closes Aug 05
Aegeus Technologies Ltd (BSE SME): Closes Aug 06
Ardee Industries Ltd (Mainboard): Closes Aug 07
G V Electricals Ltd (BSE SME): Closes Aug 07
Upcoming IPOs
Listings Today
CORPORATE ACTIONS & F&O BAN (AUGUST 4–5, 2026)
Ex-Dividend (August 4, 2026): ADF Foods, Ajanta Pharma, Anuh Pharma, Automotive Axles, Indef Manufacturing, Bayer CropScience, Berger Paints India, Brigade Enterprises, Disa India, Fermenta Biotech, Gandhi Special Tubes, Goodyear India, Hyundai Motor India, Indag Rubber, IRB Infrastructure Developers, Matrimony.com, Mukesh Babu Financial Services, Munjal Showa, Oriental Aromatics, Shreyans Industries, Sika Interplant Systems, Somany Ceramics, TD Power Systems, Updater Services, Vedanta Aluminium.
Ex-Split (August 5, 2026): Tembo Global Industries Ltd (Ratio 10:2 / Face value ₹10 to ₹2).
Ex-Income Distribution (August 5, 2026): TVS Infrastructure Trust, Venus Infrastructure Trust.
Ex-Resolution Plan (Suspension - August 5, 2026): SAB Events & Governance Now Media Ltd.
Securities Under F&O Ban (August 5, 2026): LICI
SOURCES: WOWNEWS24X7, Moneycontrol, Investing.com
