GLOBAL MARKET OVERVIEW ?
U.S. & Global Markets
U.S. stock markets rebounded sharply on Monday: the S&P 500 rose ~1.5%, Dow ~1.3% (≈ +600 pts), and Nasdaq jumped ~2%, buoyed by dip-buying and strong tech earnings recovery after last week’s worst sell‑off since mid‑May.
Palantir (PLTR) climbed ~4% after reporting better-than-expected Q2 earnings and raising guidance, while Nvidia gained ~3.6%, Spotify up ~5% (on subscription hikes), and Tesla rose ~2.2% (after CEO Musk’s stock award approval).
Futures for U.S. indexes are relatively flat at pre‑market. Investors await incoming U.S. ISM services and manufacturing PMI data, as well as earnings from AMD, Caterpillar, Disney, and others.
In Asia, markets stayed positive with equities rallying ahead of anticipated Fed rate cuts in September—the probability is now pegged at 94%. These expectations helped lift sentiment globally.
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*Nifty 50 closed at ~24,722.75, up ~0.64%, snapping a two-day losing streak. Sensex added ~419 points, benefitting from strong auto and metal stock performance.DDespite the positive close, GIFT Nifty futures are down ~40 points (~0.25%) this morning, pointing to a cautious market open.AA busy earnings calendar includes Bharti Airtel, Adani Ports, Prestige Estates, Bharti Hexacom, and Lupin. RBI is continuing its Monetary Policy Committee (MPC) meeting through August 6.MMarket sentiment is influenced by five big factors this week: RBI policy outcomes, U.S. dollar strength, Trump-era tariff threats, foreign institutional investor (FII) outflows, and weak corporate earnings.Stocks to Watch, IPO Updates & ThemesStocks in Focus:*DLF, Aurobindo Pharma, IndusInd Bank, Bosch, Inox India among the key names to track for Q1 earnings and executive changes.*MarketSmith India recommends: - *Solar Industries India (target ₹16,200) and*Vijaya Diagnostic Centre (target ₹1,280)aas top picks based on technical setups and growth outlook.IPO Headlines:*Highway Infrastructure Ltd., IPO opened today (₹65‑70/share), grey-market premium ~57%, slated to list on NSE‑SME by August 12.SE/NSE today (August 5): GMP ~44%, highlighting strong retail demand ahead of listing.*Hyundai Motor India begins trading ex-dividend today—investors must have purchased by August 4 to receive ₹21/share.
Major News & Strategic Developments
*Tata Motors announced a $4.36 billion acquisition of Italy’s Iveco, aiming to expand its European footprint. But increased leverage has spooked investors, dragging the stock ~6% lower.
What to Watch Today
RBI’s MPC meeting due to conclude August 6 — critical for interest rate and policy guidance.
Macro data: U.S. PMI releases today could shape Fed rate cut expectations.
Reaction to Trump-era tariff rhetoric, especially around India‑U.S. trade, particularly energy imports.
FII flows and domestic institutional activity—monitor their swings for sentiment direction.
Earnings from key companies (Bharti Airtel, Lupin, etc.) could drive sector-specific moves.
Summary View
Market Key Themes U.S. / Global Strong rebound powered by tech earnings; Fed rate‑cut expectations climb India Positive closing momentum; cautious opening; policy and trade risks loom IPO + Stocks to Watch High enthusiasm for select IPOs; notable picks Solar Industries, Vijaya Diagnostic Corporate Spotlight Tata Motors’ Iveco deal under investor scrutiny
| Market | Key Themes |
|---|---|
| U.S. / Global | Strong rebound powered by tech earnings; Fed rate‑cut expectations climb |
| India | Positive closing momentum; cautious opening; policy and trade risks loom |
| IPO + Stocks to Watch | High enthusiasm for select IPOs; notable picks Solar Industries, Vijaya Diagnostic |
| Corporate Spotlight | Tata Motors’ Iveco deal under investor scrutiny |
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