A Sebi panel is considering a proposal to allow large companies valued over ₹1 lakh crore to dilute only 2.5% of their equity in IPOs, issuing shares worth ₹7,500 crore. This move aims to ease the burden of large public issues and provide exit opportunities for early investors.

Saraswat Co-operative Bank secured RBI s approval for merging with New India Co-operative Bank. The merger takes effect on August 4. Saraswat Bank will assume all assets, liabilities, and customers of New India Co-operative Bank. The bank proposed the merger on July 1. RBI had imposed a moratorium on New India Co-operative Bank in February due to governance issues and fraud.

Bank lending in India experienced a slowdown across various sectors during June. The Reserve Bank of India released data showing a decrease in credit growth for services and agriculture. Credit to industries also saw a moderated increase. However, lending to micro, small, and medium industries remained steady. Personal loans also registered decelerated growth compared to the previous year.

Ambuja Cements, owned by the Adani Group, reported a 24% on-year jump in consolidated net profit, reaching ₹970 crore, driven by record sales volume and revenue exceeding ₹10,000 crore. Despite strong performance, the bottom line fell short of market expectations, leading to a share price decline. The company s market share also improved, supported by increased production capacity.

Asian stocks experienced a sixth consecutive day of losses due to President Trump s announcement of new tariff rates, overshadowing positive earnings from major tech companies. The tariffs, impacting countries with trade surpluses, introduce uncertainty and policy unpredictability, making business planning difficult. While some tariffs were anticipated, others came as a surprise, affecting various nations exports.

The markets experienced volatility and closed slightly lower. Several companies are in focus due to news and Q1 results. ITC, Adani Power, Tata Power, and PC Jeweller will announce their Q1 results. Reliance Industries set August 14 as the record date for the final dividend. Coal India s net profit declined. Swiggy s losses widened.

Foreign portfolio investors continued their net selling of Indian debt through the fully accessible route in July, marking the fourth consecutive month of outflows. Net sales reached ₹455 crore amidst rupee pressure and uncertainty surrounding policy decisions. Hopes for further rate cuts diminished after the RBI emphasized long-term inflation and growth considerations.

Indian stock markets closed lower on Thursday. This happened after a day of fluctuating gains and losses. Investors were concerned about US President Donald Trump s new tariffs on Indian exports. The Nifty and Sensex both experienced declines. Market volatility increased, indicating caution among traders. Experts suggest that rallies may face resistance due to various economic factors.

Historical market data reveals mixed performance trends for August, with both Nifty 50 and Nifty 500 showing gains in six out of the last ten years. Global indices like S&P 500 and Dow Jones also exhibit similar inconsistent seasonality. Investors anticipate continued volatility this month, influenced by US tariffs and other uncertainties, expecting Nifty to fluctuate within a specified range.

The Indian rupee hit a record low, closing at 87.59 against the dollar. This decline occurred due to worries about US tariffs and continuous selling of Indian stocks. A strong dollar also contributed to the rupee s fall. During the day, it even touched 87.74. However, the rupee recovered slightly, possibly because of intervention by the central bank.