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What is the story about?
Sensex smiles, midcaps don't
It was a decent day for the benchmark indices, with the Sensex and Nifty closing higher, powered by Reliance Industries and financial stocks. But beneath the surface, the picture was a bit mixed as midcaps and a number of earnings-disappointment stocks stayed under pressure. Domestic funds continued to provide support, pumping in ₹4,014 crore, while FIIs were modest sellers. On the global front, softer crude prices remained a positive, with the US-Iran truce holding and Iran's shipping pact with Oman helping ease concerns around the key Strait of Hormuz route.
Here's why markets closed in the green despite a weak broader market
Indian benchmark indices ended Thursday's session in positive territory, but the headline gains masked a far weaker picture underneath. While heavyweight stocks such as Reliance Industries and financials lifted the Sensex and Nifty, continued selling in midcaps and select earnings-driven names kept the broader market under pressure.
Read more
Also read: Oil remains low as truce between US and Iran hold amid dialogues
Oil remains low as truce between US and Iran hold amid dialogues
Oil prices experienced a decline as Iran announced it has reached an agreement with Oman regarding a proposed shipping route through the Strait of Hormuz, which raises the possibility of increased energy flows resuming through this vital waterway.
Read more
Also read: Ukraine strikes more oil facilities deep inside Russia, Zelenskyy says
Why Sensex rose despite FII selling: Domestic funds bought ₹4,014 crore
Foreign institutional investors (FIIs) remained marginal net sellers of Indian equities on Thursday, while domestic institutional investors (DIIs) continued their buying activity, according to provisional exchange data.
Read more
Also watch: How SEBI's new closing auction session affects your ETF, Index Fund & Arbitrage Fund
Earnings pile up, Parliament clears the tax deck
There's plenty for the market to chew on this Friday. A clutch of companies, including LIC, Crompton Greaves, Apollo Tyres, NCC, HCC, Signature Global and Lloyds Engineering Works, released their results after Thursday's closing bell, setting up stock-specific action. More earnings are on the way too, with Ola Electric, Oil India and Power Finance Corporation due to report today. Tata Sons remains a closely watched name as the RBI reviews its deregistration bid while keeping it on the upper-layer NBFC list. In the legislative arena, the Lok Sabha passed a bill paving the way for merchant fees on large-value UPI transactions, along with the broader Taxation and Other Laws (Amendment) Bill.
Stocks to Watch for August 7: LIC, Crompton Greaves, Apollo Tyres and more
NCC, LIC, Hindustan Construction Company (HCC), Crompton Greaves, Signature Global and Lloyds Engineering Works will remain in focus on Friday after announcing their June quarter results post market hours. Investors will also keep a close watch on companies scheduled to announce their June quarter results tomorrow, including Ola Electric, Oil India and Power Finance Corporation.
Read more
Tata Sons still an upper layer NBFC on RBI list
The Reserve Bank of India (RBI) has released a fresh list of 17 upper-layer non-banking financial companies (NBFC-ULs). Tata Sons, which has applied for deregistration as an NBFC, continues to feature on the list. The RBI said the company's application remains under examination.
Read more
Taxation and Other Laws (Amendment) Bill passed in Lok Sabha: What changes
The Lok Sabha on Thursday (August 6) passed the Taxation and Other Laws (Amendment) Bill, 2026, which seeks to attract foreign investment, promote domestic manufacturing, provide greater tax certainty and replace the Income-tax (Amendment) Ordinance, 2026.
Read more
Also watch: Lok Sabha passes a new bill to enable merchant fee on large UPI transactions
Cockpits, code and cow dung: A day of rewiring
Akasa Air CEO Vinay Dube backed airport operators owning airlines, saying India's regulatory framework can ensure fair competition if policy is amended, a view that puts him at odds with rivals on the issue. In tech, Google shook up its AI leadership, with Demis Hassabis stepping back from his main managerial role and Gemini veteran Jeff Dean among those departing. Separately, the Union Cabinet cleared a ₹23,731 crore biogas scheme to cut gas imports and turn farm waste into fuel, alongside an ₹8,970 crore Guwahati-Tezpur corridor set to halve travel time.
Akasa Air CEO backs airport operators owning airlines, says 'customers deserve more choices'
Akasa Air CEO Vinay Dube has backed the idea of airport operators owning airlines, saying India's regulatory framework is capable of ensuring fair competition if the government decides to amend existing policy.
Read more
Also read: Kotak-Municipal Corp Panchkula Fraud: ED alleges ex-Kotak employee bought Porsche, BMWs with proceeds
From Trent and Britannia to LIC: Thursday's biggest earnings winners, losers and surprises
Thursday was one of those sessions where the headline numbers only told part of the story. Retail, tyres, FMCG, insurance, pharma and consumer appliances all took their turn, but several stocks ended up moving for reasons buried well beneath the top line.
Read more
Google shakes up AI leadership as DeepMind chief shifts role
Google parent company Alphabet on Wednesday announced a leadership overhaul of its AI division, with AI chief Demis Hassabis leaving his main managerial role and several leaders of its Gemini model, including veteran engineer Jeff Dean, departing the company.
Read more
Also watch: AI News Wrap: Google leadership rejig, Meta AI goes rogue, OpenAI vs Apple
Cabinet clears ₹23,731 crore biogas scheme to cut gas imports and turn farm waste into fuel
The Union Cabinet on Thursday approved a ₹23,731 crore scheme to promote the production of compressed biogas (CBG) using crop residue and cattle waste, as part of the government's efforts to reduce India's dependence on imported natural gas and strengthen domestic clean energy supplies.
Also read: Cabinet clears ₹8,970 crore Guwahati-Tezpur corridor to cut travel time in half
It was a decent day for the benchmark indices, with the Sensex and Nifty closing higher, powered by Reliance Industries and financial stocks. But beneath the surface, the picture was a bit mixed as midcaps and a number of earnings-disappointment stocks stayed under pressure. Domestic funds continued to provide support, pumping in ₹4,014 crore, while FIIs were modest sellers. On the global front, softer crude prices remained a positive, with the US-Iran truce holding and Iran's shipping pact with Oman helping ease concerns around the key Strait of Hormuz route.
Here's why markets closed in the green despite a weak broader market
Indian benchmark indices ended Thursday's session in positive territory, but the headline gains masked a far weaker picture underneath. While heavyweight stocks such as Reliance Industries and financials lifted the Sensex and Nifty, continued selling in midcaps and select earnings-driven names kept the broader market under pressure.
Read more
Also read: Oil remains low as truce between US and Iran hold amid dialogues
Oil remains low as truce between US and Iran hold amid dialogues
Oil prices experienced a decline as Iran announced it has reached an agreement with Oman regarding a proposed shipping route through the Strait of Hormuz, which raises the possibility of increased energy flows resuming through this vital waterway.
Read more
Also read: Ukraine strikes more oil facilities deep inside Russia, Zelenskyy says
Why Sensex rose despite FII selling: Domestic funds bought ₹4,014 crore
Foreign institutional investors (FIIs) remained marginal net sellers of Indian equities on Thursday, while domestic institutional investors (DIIs) continued their buying activity, according to provisional exchange data.
Read more
Also watch: How SEBI's new closing auction session affects your ETF, Index Fund & Arbitrage Fund
Earnings pile up, Parliament clears the tax deck
There's plenty for the market to chew on this Friday. A clutch of companies, including LIC, Crompton Greaves, Apollo Tyres, NCC, HCC, Signature Global and Lloyds Engineering Works, released their results after Thursday's closing bell, setting up stock-specific action. More earnings are on the way too, with Ola Electric, Oil India and Power Finance Corporation due to report today. Tata Sons remains a closely watched name as the RBI reviews its deregistration bid while keeping it on the upper-layer NBFC list. In the legislative arena, the Lok Sabha passed a bill paving the way for merchant fees on large-value UPI transactions, along with the broader Taxation and Other Laws (Amendment) Bill.
Stocks to Watch for August 7: LIC, Crompton Greaves, Apollo Tyres and more
NCC, LIC, Hindustan Construction Company (HCC), Crompton Greaves, Signature Global and Lloyds Engineering Works will remain in focus on Friday after announcing their June quarter results post market hours. Investors will also keep a close watch on companies scheduled to announce their June quarter results tomorrow, including Ola Electric, Oil India and Power Finance Corporation.
Read more
Tata Sons still an upper layer NBFC on RBI list
The Reserve Bank of India (RBI) has released a fresh list of 17 upper-layer non-banking financial companies (NBFC-ULs). Tata Sons, which has applied for deregistration as an NBFC, continues to feature on the list. The RBI said the company's application remains under examination.
Read more
Taxation and Other Laws (Amendment) Bill passed in Lok Sabha: What changes
The Lok Sabha on Thursday (August 6) passed the Taxation and Other Laws (Amendment) Bill, 2026, which seeks to attract foreign investment, promote domestic manufacturing, provide greater tax certainty and replace the Income-tax (Amendment) Ordinance, 2026.
Read more
Also watch: Lok Sabha passes a new bill to enable merchant fee on large UPI transactions
Cockpits, code and cow dung: A day of rewiring
Akasa Air CEO Vinay Dube backed airport operators owning airlines, saying India's regulatory framework can ensure fair competition if policy is amended, a view that puts him at odds with rivals on the issue. In tech, Google shook up its AI leadership, with Demis Hassabis stepping back from his main managerial role and Gemini veteran Jeff Dean among those departing. Separately, the Union Cabinet cleared a ₹23,731 crore biogas scheme to cut gas imports and turn farm waste into fuel, alongside an ₹8,970 crore Guwahati-Tezpur corridor set to halve travel time.
Akasa Air CEO backs airport operators owning airlines, says 'customers deserve more choices'
Akasa Air CEO Vinay Dube has backed the idea of airport operators owning airlines, saying India's regulatory framework is capable of ensuring fair competition if the government decides to amend existing policy.
Read more
Also read: Kotak-Municipal Corp Panchkula Fraud: ED alleges ex-Kotak employee bought Porsche, BMWs with proceeds
From Trent and Britannia to LIC: Thursday's biggest earnings winners, losers and surprises
Thursday was one of those sessions where the headline numbers only told part of the story. Retail, tyres, FMCG, insurance, pharma and consumer appliances all took their turn, but several stocks ended up moving for reasons buried well beneath the top line.
Read more
Google shakes up AI leadership as DeepMind chief shifts role
Google parent company Alphabet on Wednesday announced a leadership overhaul of its AI division, with AI chief Demis Hassabis leaving his main managerial role and several leaders of its Gemini model, including veteran engineer Jeff Dean, departing the company.
Read more
Also watch: AI News Wrap: Google leadership rejig, Meta AI goes rogue, OpenAI vs Apple
Cabinet clears ₹23,731 crore biogas scheme to cut gas imports and turn farm waste into fuel
The Union Cabinet on Thursday approved a ₹23,731 crore scheme to promote the production of compressed biogas (CBG) using crop residue and cattle waste, as part of the government's efforts to reduce India's dependence on imported natural gas and strengthen domestic clean energy supplies.
Also read: Cabinet clears ₹8,970 crore Guwahati-Tezpur corridor to cut travel time in half
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