Stock Market Today, August 4: Indian equity benchmark indices are expected to witness a cautious start on Tuesday after ending Monday’s session with strong gains. Investors will closely monitor the Reserve Bank of India’s (RBI) monetary policy meeting, key corporate earnings, and global developments surrounding the US-Iran situation.
The BSE Sensex climbed 544 points (0.70%) to close at 78,639, while the NSE Nifty 50 surged 391 points (1.60%) to settle at 24,774.30, extending gains for the fourth consecutive trading session.
Gift Nifty Signals Flat Opening
Gift Nifty was trading near 24,628, indicating a subdued to flat opening for Indian markets compared to the previous Nifty futures close.
Key Factors Driving the Market Today
RBI Monetary Policy Meeting
The RBI’s Monetary Policy Committee (MPC) is continuing its policy meeting, with the policy announcement scheduled for August 5. Investors will closely watch the central bank’s commentary on inflation, economic growth, liquidity, and interest rates.
Q1 FY27 Earnings in Focus
Several major companies are scheduled to announce their June quarter earnings, including:
- Bharti Airtel
- ONGC
- Nykaa
- BSE
- MCX
- Bharti Hexacom
- Marico
- Kalyan Jewellers India
- NHPC
Their results and management commentary could drive stock-specific movements.
Stocks to Watch Today
IREDA
The state-owned lender reported a 36.8% year-on-year increase in Q1 FY27 net profit, supported by healthy loan growth.
Life Insurance Corporation (LIC)
The Government of India has launched an Offer for Sale (OFS) to divest up to 6.5% stake in LIC. The OFS has a floor price of ₹382 per share, with the issue opening for institutional investors today.
ONGC
The government announced that half of ONGC’s upcoming 1.75-million-tonne petroleum storage facility in Mangaluru will be reserved for India’s strategic petroleum reserves, while the remaining capacity will be used for commercial operations.
GE Shipping
The company reported a strong jump in June quarter earnings, with consolidated net profit rising to ₹1,309 crore, more than doubling from the previous year.
Texmaco Rail & Engineering
Net profit increased 67% year-on-year to ₹50 crore during the June quarter.
Thomas Cook India
The travel services company reported a 5.8% increase in consolidated net profit to ₹58.7 crore, while revenue rose to ₹828 crore.
Arvind Ltd
The textile major has launched its Qualified Institutions Placement (QIP) with a floor price of ₹518.58 per share.
Global Market Cues
Global investors continue to monitor developments in the US-Iran situation, fluctuations in crude oil prices, and upcoming economic data from major economies. These factors are expected to influence investor sentiment across global equity markets.
Market Outlook
Indian markets remain supported by easing crude oil prices, improving domestic sentiment, and ongoing corporate earnings. However, investors are likely to remain cautious ahead of the RBI policy decision and global geopolitical developments.
Disclaimer: This article is for informational and educational purposes only and should not be construed as investment advice or a recommendation to buy or sell any securities. Investors should conduct their own research or consult a qualified financial advisor before making any investment decisions.
