Indian markets are set for a strong opening as Gift Nifty jumped 1% at pre-open levels, with Nifty 50 rising 0.6% and Sensex advancing 0.7%. According to HDFC SKY, this positive momentum comes despite broader Asian market weakness, with Japan's Nikkei 225 falling 1.7% and South Korea's KOSPI declining 4.2%. The gains are supported by US futures trading higher, with S&P 500 futures rising around 0.5% and Nasdaq 100 futures gaining nearly 0.9%. This positive sentiment provides relief to global risk sentiment despite continued concerns over technology valuations and AI-related stocks.
According to The Economic Times, analysts from Stock Reports Plus, powered by Refinitiv have issued 'Strong Buy' and 'Buy' recommendations for multiple stocks in the Nifty50 Index as of August 3, 2026. The recommendations are based on the Institutional Brokers' Estimate System (IBES) and evaluate five key components: earnings, fundamentals, relative valuation, risk, and price momentum to generate standardized scores. The latest report provides specific actionable insights using the IBES methodology to evaluate investment potential of these Nifty50 constituents.
Maruti Suzuki India remains in focus after delivering a better-than-expected first-quarter profit, supported by robust demand for SUVs and entry-level cars following tax reductions announced last year. The automaker also indicated that operating margins could improve over the coming quarters. However, ITC reported a 27% year-on-year decline in quarterly profit, with higher cigarette taxes weighing on its core cigarettes business and denting overall earnings. Urban Company posted a consolidated loss of ₹92.12 crore for the quarter ended June, despite a strong 44% year-on-year jump in revenue to ₹530 crore.
According to HDFC SKY, Indian markets extended their winning streak in July, with both Nifty 50 and Sensex advancing for a second straight month. Crude oil prices declined sharply, with Brent futures falling more than 5% to around $83 a barrel after indications of possible diplomatic engagement between the US and Iran raised hopes of easing tensions in West Asia. This decline is positive for India, one of the world's largest crude importers, as a sustained fall in energy costs could ease pressure on the country's import bill and inflation while improving margins for oil-consuming industries. Investors are closely tracking the Reserve Bank of India's monetary policy review on August 5, with the central bank widely expected to maintain the status quo on interest rates.
