Dhaval Packaging’s IPO allotment is scheduled to be finalised on 4 August, with listing expected on 6 August on the BSE SME platform. The issue was subscribed more than 50 times by the close of bidding, including 40.36 times in the retail category and 75.35 times in the NII segment. The IPO price is ₹97 per share and the grey market premium (GMP) is +8, implying an estimated listing price of ₹105, an 8.25% premium to the issue price.

Uno Minda reported June-quarter results with consolidated net profit up 1.9% year on year to ₹315.5 crore and revenue up 23.8% to ₹5,556.9 crore. EBITDA rose 5.3%, but the EBITDA margin narrowed to 10.3% from 12% a year earlier. The company also completed the purchase of the remaining 19% stake in Minda Onkyo India held by Japan’s Onkyo Sound Corporation after the quarter ended. The earnings release acted as a single-stock results catalyst within traditional assets, directly affecting Uno Minda’s valuation and market sentiment.

Alphabet (GOOGL) rose 4.88% to $373.51 on August 3, 2026 as investors reassessed the payoff from its AI infrastructure spending after a Morgan Stanley view and a broad technology rally. Read the daily analysis of Alphabet's advertising and cloud outlook, momentum risk and key technical levels.

Microsoft Corp (MSFT) rose 4.93% to $487.65 on August 3, 2026 as investors continued to reward its stronger Azure growth and fiscal 2027 cloud outlook. Read the daily analysis of Microsoft's AI cloud outlook, momentum risk and key technical levels.

AXT (AXTI) rose 13.64% to $68.67 on August 3, 2026 as investors extended their response to record second-quarter results and AI optical-connectivity demand. Read the daily analysis of AXT's optical-demand outlook, momentum risk and key technical levels.

Fairfax Financial Holdings Limited reported 2026 second-quarter net earnings attributable to shareholders of US$1.39 billion, slightly below a year earlier. Its property and casualty insurance and reinsurance combined ratio improved to 93.1%, even as pricing came under pressure in the UK market. Premium growth slowed across the group, with net premiums written up 2.4% to US$7.34 billion.

Godfrey Phillips India shares rose 7% after Samir Modi said he would withdraw all legal cases against his mother and company chairperson Bina Modi, signalling a possible thaw in the founding family’s succession dispute. The stock touched an intraday high of Rs 2,409.8 before trimming gains and ending up 3.35%. The move eased investor concerns over corporate governance and boardroom stability that had weighed on sentiment.

As of June 30, 2026, foreign institutional investors (FIIs) held 15.88% of Indian listed companies, a 14-year low, down 0.24 percentage points from March 31, 2026. FIIs were net sellers during the June quarter, withdrawing Rs 1.43 lakh crore, with Rs 1.53 lakh crore exiting the secondary market and Rs 10,096 crore entering via the primary market. Over the same period, private sector promoter holdings rose to a two-year high of 41.36% on the NSE. The figures point to continued foreign outflows that have kept pressure on India’s equity market.