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Pfizer reported better-than-expected second-quarter results on Tuesday, powered by strong demand for Eliquis. The drugmaker now targets $2.5 billion in additional cost cuts to restore growth. CEO Albert Bourla said, "launched and acquired products performed well." The company is also looking for a new Chief Financial Officer this month.
L&T Energy Hydrocarbon Offshore bagged an ultra-mega order from ADNOC worth over ₹15,000 crore. The company will lead the project, handling engineering, construction, and installation for offshore facilities. S N Subrahmanyan said, "This prestigious award from ADNOC reflects the trust our clients place in L&T's engineering excellence and project-execution capabilities."
BSE reported a consolidated net profit of Rs 873 crore for the June quarter, a 66 percent rise. Total income grew 63 percent compared to last year. Shares of the exchange operator settled at Rs 3,597.90 on August 4, as the stock gained 36.91 percent so far in 2026.
A monthly SIP of Rs 5,000 can grow to over Rs 1.76 crore in 30 years. This calculation assumes a 12 per cent annual return. Investors who stay disciplined for longer periods benefit from the power of compounding. Experts said that starting early helps many people build significant wealth over time.
Finance Minister Nirmala Sitharaman introduced the Taxation and Other Laws (Amendment) Bill, 2026 in the Lok Sabha on Tuesday. The government said, "India wants global investment funds, cloud businesses, and infrastructure investors to route more of their activity through the country." These tax reliefs aim to attract foreign investment and manufacturing.
Bharti Airtel beat Street estimates on Tuesday as its revenue and operating profit grew. Morepen Laboratories hit a 20% upper circuit after its best quarterly performance ever. Meanwhile, Greaves Cotton shares fell over 15% following poor results. Many other firms like Pidilite, Marico, and Nykaa also showed strong growth this quarter.
Nexus Select Trust is replacing underperforming retailers with premium brands to boost growth. The firm reported a 17 per cent consumption rise in the June quarter. "We're seeing premiumisation play out over the next two to three years," said Pratik Dantara. The company also plans new acquisitions in coming months.
Indian passive investing is moving beyond broad indices as investors now use index products for specific views. During 2026, products tracking Midcap and Smallcap indices attracted over ₹11,600 crore. Investors also put ₹4,200 crore into Information Technology funds, showing they prefer targeted growth over simply buying the entire market today.
US stock futures rose on Tuesday, August 4, as tech shares led the market higher. Palantir soared over 16% after strong second-quarter results, while Caterpillar gained 6% following positive earnings. Investors now track upcoming reports from AMD and Spotify while keeping a close watch on ongoing developments in West Asia.
Benchmark Sensex fell by 210 points to settle at 78,428 on Monday. Despite this market weakness, TVS Motor Company was among stocks that hit 52-week highs. Investors showed strong demand as the stock gained about 20% in the last one month. Many other shares also reached their strongest levels this year.
US stock index futures rose on Tuesday as strong AI-linked earnings lifted market sentiment. Palantir Technologies surged 16% after raising its annual revenue forecast, while Caterpillar climbed 7.5% following a profit jump. These results helped Dow futures gain 343 points, as investors looked for signs of health in the economy.
Marico Limited reported a 25 per cent rise in consolidated profit to ₹630 crore for the quarter ended June 30, 2026. Strong volume growth in India and steady international expansion helped the company. Revenue grew 23 per cent to ₹3,957 crore. Shares closed at ₹875, down 0.68 per cent on Tuesday.