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The Reserve Bank of India kept its repo rate at 5.25% on Wednesday. The six-member committee chose caution as food and fuel costs pushed inflation up. Governor Sanjay Malhotra said, "The higher inflation is mostly on account of fuel and food with little signs of generalisation of price pressures so far."
Bharti Hexacom shares fell 4% on Wednesday, August 5, as weak subscriber additions overshadowed strong quarterly results. While the company reported a 10.9% year-on-year revenue increase and higher ARPU, investors reacted to the slow user growth. Citi maintained a neutral rating, noting that mobile subscriber additions remained below their forecasts.
On August 4, five Nifty500 stocks showed bullish signals after gaining over 4% on the White Marubozu scanner. This pattern appeared when the opening price was the lowest and the closing price was the highest. Traders said it showed strong buying pressure, as buyers stayed in control throughout the entire session.
Five Nifty stocks are currently trading at significant discounts of up to 36% compared to their historical averages. Investors often look for such opportunities when share prices fall. Many traders use these gaps to build their portfolios, as the data showed several major companies are now available at lower valuations.
L&T and Kaynes Technology are key stocks to watch as India expands its semiconductor ecosystem. L&T plans to unveil 40 products at SEMICON India, moving into commercialisation. Meanwhile, PM Narendra Modi inaugurated the Kaynes Semicon plant in Sanand on 31 March 2026, which handles 6.3 million chips per day.
ICICI Securities initiated coverage on seven public sector banks, including Canara Bank and Bank of Baroda, with up to 26% upside potential. The brokerage said the phase of strong earnings growth appears to be losing momentum. Even so, it expects return on equity to remain healthy at around 15% during FY27.
Manipal Health Enterprises shares are set to make their stock market debut on the BSE and NSE today, August 5. Grey market trends point to a largely flat start, with a premium of Rs 3 over the Rs 590 price band. The IPO got a subscription of 4.92 times overall.
Indian benchmark indices showed mixed results on Tuesday, August 4, as the Sensex rose while the Nifty fell. Markets now look set for a positive start on Wednesday, 5 August, as Gift Nifty traded near 24,700. Experts said, "Indian equity markets are poised for a firm start," boosting investor confidence.
The Income Tax Department’s NUDGE campaign led to 1.25 crore updated ITRs and ₹9,494 crore in extra tax during FY25 and FY26. Minister Pankaj Chaudhary said the campaign helped improve voluntary tax compliance by encouraging taxpayers to correct errors. The department uses data analytics to identify discrepancies before taking any enforcement action.
Five homebuyers from Navi Mumbai lost their stilt parking spaces after a Maharashtra court ruled in favour of their housing society. The court said builders cannot sell common parking areas once a society is registered. Justice Smt. S. Neelkanth noted, "The builder has no right to sell stilt parking spaces."
The government’s offer for sale in LIC opens for retail investors today. The floor price is set at Rs 382 per share. Ajit Mishra said, "The combination of compelling valuation, improving profitability and market leadership makes the OFS an attractive long-term investment opportunity." Retail investors get a Rs 10 discount.
Ashish Kacholia bought a 2% stake in V-Marc India in August 2024. The wire and cable maker saw its net profit jump 178% to about Rs 100 cr. With a 42% return on equity, the firm now eyes 40% revenue growth in FY27, riding the ongoing commercial infrastructure boom.