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The rupee ended nearly unchanged at 95.3775 per dollar on Tuesday as traders awaited the Reserve Bank of India's policy decision. Foreign bank dollar sales and importer hedging demand influenced the currency. Economists said, "The RBI will need to establish a clear hierarchy of risks and respond to evolving outcomes."
The Indian economy is set to cross the USD 5-trillion mark in FY29 as per the International Monetary Fund. Finance Minister Nirmala Sitharaman said the government adopted a broad-based growth strategy to achieve this milestone. This plan focuses on boosting manufacturing, agriculture, and infrastructure to ensure steady national progress.
Nazara Technologies reported a consolidated net loss of ₹82.47 crore for the first quarter ended June 30. Revenue fell 14 per cent to ₹428.77 crore. Founder Nitish Mittersain said, "I believe this is the right time to strengthen its leadership structure." He steps down as CEO, effective September 1, 2026.
India will become a $5.1-trillion economy by FY29, Finance Minister Nirmala Sitharaman said in the Rajya Sabha on Tuesday. The government adopted a broad-based growth strategy to reach this milestone. Officials said, "The government has adopted a broad-based growth strategy focusing on enhancing agricultural productivity, promoting manufacturing, and supporting MSMEs."
Taurus Mid Cap Fund led with 66.8% exposure in mid and small cap stocks on June 30, 2026. Aditya Birla Sun Life Mid Cap Fund and Helios Mid Cap Fund both reached 62.6%. LICMF Midcap Fund also showed 59.9% exposure. These funds followed Sebi rules for their market investments this June.
Greaves Cotton shares fell over 15% on Tuesday, August 4, after the company reported weak Q1 results. While revenue increased, net profit dropped 22% to ₹25.8 crore. This marks the biggest single-day fall for the stock since March 17, 2020. Margins also fell to 5.8% from 7.6% last year.
Jupiter Wagons targets ₹3,000 crore rail wheel revenue by FY28-end after partnering with Italy’s Lucchini RS Holding and SIMEST. Vivek Lohia said, "India doesn't have the technology when it comes to wheelsets." The firm started this venture to build India’s first private rail wheel platform, aiming for strong global exports.
The equity thematic PSU fund category is the highest-performing category for three and five years, with returns of 23.49% and 23.73%, respectively. These funds invest at least 80% of assets in PSU shares. While many funds showed strong growth, investors should remember that past returns do not guarantee future results.
VRL Logistics reported a 61% rise in first-quarter net profit on Tuesday, August 4. The company posted a profit of ₹81 crore, while revenue grew to ₹878.8 crore. Its board also approved a share buyback worth ₹280 crore at ₹320 per share to help return value to many company shareholders.
The Supreme Court on August 4, 2026, asked JioStar India Pvt Ltd to approach the Delhi High Court regarding its dispute over the TRAI tariff framework. The bench told the broadcaster to move the High Court instead of seeking changes to pending petitions. The court then disposed of the transfer petition.
A parliamentary committee proposed lowering the minimum age for managing and whole-time directors from 21 to 18. This change aligns company law with existing rules that already allow 18-year-olds to serve as directors. Policymakers said the move aims to encourage greater representation of young people on boards across corporate India.
Sensex and Nifty traded on a mixed note on Tuesday, August 4, 2026, following the introduction of a new closing auction session. V.K. Vijayakumar said, "The sharp spike in Nifty vis-a-vis Sensex was an aberration caused by the new CAS." Many investors now watch how these market prices settle today.