Crude oil prices continued to trade below US$80 per barrel after optimism grew over possible progress in negotiations involving the United States and Iran. Expectations that tensions in West Asia could ease have reduced concerns over disruptions to oil supplies through the Strait of Hormuz, one of the world’s busiest energy corridors.
Gold prices remained elevated even as hopes of a diplomatic breakthrough in the Middle East improved investor sentiment.
Cummins India reported a healthy performance for the June quarter, supported by strong demand from infrastructure, construction and industrial customers. Improved domestic sales and stable export performance helped the company register better profitability despite higher operating costs.
Biocon posted improved quarterly earnings, supported by strong growth in its biosimilars business and healthy demand across key international markets. The company also benefited from operational improvements and better product mix during the quarter.
Navin Fluorine reported robust quarterly earnings driven by strong demand for specialty chemicals and high-value fluorination products. Better capacity utilisation and improved operational efficiency helped support profitability despite global economic uncertainties.
E-commerce logistics platform Shiprocket has opened its IPO for public subscription with a price band of Rs. 92–97 per share. The company plans to utilise the proceeds to strengthen technology infrastructure, expand logistics capabilities and support future business growth.
Healthcare technology company Molbio Diagnostics has announced a price band of Rs. 768–807 per share for its upcoming IPO. The company intends to use the funds for expansion, research and development, and strengthening manufacturing capacity.
Investors are awaiting the allotment of the Anawil Wire & Engineering IPO, which is expected to be finalised today following healthy demand during the subscription period. Applicants will be able to check their allotment status through the registrar and stock exchange platforms before the company’s scheduled listing.
Date 06.08.2026
NIFTY OUTLOOK: 24624.65 FII -943.42 cr DII 2883.17 cr
As discussed yesterday market behaviour remained on the expected lines during the day, nifty failed to breakout 24675 (day High 24677.6) and slip from there to day low of 24497.95 i.e. near to our support of 24494, thus after respecting both the side nifty has give closing near to its previous closing.
Nithin Kamath has cautioned that the rapidly growing Margin Trading Facility (MTF) is one of the biggest risks for brokers. With nearly Rs.9,000 crore of MTF exposure, particularly in non-F&O stocks, a sharp market correction could trigger margin calls, forced selling and intensified declines in small- and mid-cap stocks. Investors should remain cautious while using leverage.
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