Rising crude oil prices, a weaker rupee and West Asia tensions pressured domestic equities, raising inflation and earnings concerns. Analysts recommend Azad Engineering, MosChip Technologies, Adani Green Energy and Adani Power, citing bullish technical setups and positive momentum for Wednesday.
US markets opened mixed as softer inflation data boosted expectations of a less aggressive Federal Reserve. The S&P 500 and Nasdaq gained, supported by rate cut hopes, while the Dow declined. Investors also tracked major bank earnings, balancing optimism on inflation with caution around corporate performance.
Thomson Reuters plans to divest its majority stake in the Global Print business to KKR, enabling a renewed focus on core operations. Set to finalize in the fourth quarter of 2026, this arrangement allows KKR exclusive distribution rights for both print and digital formats, while Thomson Reuters will maintain intellectual property and editorial oversight of the content.
Mylan sold a ₹1,839 crore stake in Biocon through a block deal, attracting strong institutional demand. ICICI Prudential Mutual Fund emerged as the largest buyer, alongside other mutual funds, insurers and foreign investors, highlighting continued confidence in the pharmaceutical company.
The RBI has proposed one-time approval for mutual funds, insurers and pension funds to increase bank shareholding up to 10% without repeated regulatory clearance. The move aims to simplify compliance for significant institutional investors, with public comments invited until August 4, 2026.
Warren Buffett is accelerating donations of Berkshire Hathaway shares, aiming to fully divest his stake within eight years. He excluded the Gates Foundation from future gifts amid renewed scrutiny over Bill Gates’ ties to Jeffrey Epstein, instead directing shares to foundations run by his children and late wife.
Proxy advisory firm IIAS opposed Ujjivan Small Finance Bank’s proposed RSU scheme, citing inadequate clarity on vesting conditions and performance metrics. The bank responded that vesting depends on exceeding revenue and profit targets and satisfactory individual performance ratings.
The Securities and Exchange Board of India (Sebi) has granted the Mehta Family Trust relief from the open offer requirement linked to their indirect acquisition of shares in Saurashtra Cement Ltd. This restructuring aims to facilitate succession planning within the family and has been determined as non-commercial, ensuring that the control of the company remains unchanged. The one-year exemption will come with specific reporting obligations.
US markets opened mixed as rising tensions between the US and Iran pushed oil prices higher and weighed on sentiment. The S&P 500 and Nasdaq declined, led by weakness in chip stocks, while the Dow edged higher, reflecting cautious investor positioning amid geopolitical uncertainty and rising energy costs.
IBM shares tumbled sharply in premarket trade after the company flagged weaker-than-expected second-quarter results, missing both profit and revenue estimates. Management attributed the shortfall to delayed deal closures and shifting client spending toward hardware ahead of price hikes, while cybersecurity concerns further weighed on performance during the quarter.
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