_Markets open · RBI MPC verdict due 10 AM_
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📊 *ECONOMY & POLICY*
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🏦 *RBI rate verdict lands this morning*
Governor Sanjay Malhotra announces the MPC decision at 10 AM, with a Business Standard poll pointing to a fourth straight hold at 5.25%.
A hold keeps borrowing costs steady — the real signal for investors is the tone on inflation and crude in the noon press conference.
📎 _Read: Business Standard_
💰 *LIC’s ₹31,000-crore OFS opens for retail today*
The government’s two-day stake sale — up to 6.5% of LIC at a ₹382 floor price — moves to retail investors today after a solid institutional Day 1.
Subscription levels today will be the real test of demand appetite at this discounted entry point.
📎 _Read: IndianPSU_
💡 *Tax Bill eases data-centre, FII G-sec rules*
The Taxation and Other Laws (Amendment) Bill, 2026 simplifies tax exemptions for foreign cloud firms using Indian data centres and extends fresh exemptions to FIIs in government securities.
Nasscom has welcomed it — a incremental positive for India’s cloud/GCC buildout and for FPI debt inflows.
📎 _Read: Business Standard_
⚡ *Windfall tax on diesel exports jumps to ₹25.5/litre*
Effective Aug 3, the government sharply raised the SAED on diesel exports (from ₹15.5 to ₹25.5/litre) and ATF (to ₹22/litre), reacting to crude volatility from the West Asia conflict.
Squeezes export margins for refiners like Reliance, Nayara, ONGC and Oil India — a net negative for their export-linked earnings, though domestic pump prices are unaffected.
📎 _Read: Forbes India_
💡 *India to cross $5-trillion GDP mark in FY29: FM*
Sitharaman told Parliament the IMF’s April 2026 outlook projects India’s GDP at ~$5.1 trillion by FY29, backed by a broad-based growth push across manufacturing, MSMEs and infrastructure.
A medium-term macro anchor rather than a trading catalyst, but reinforces the long-only India growth narrative for allocators.
📎 _Read: Business Standard_
⚡ *PM Surya Ghar crosses 50 lakh rooftop solar installs*
July logged a record 5.06 lakh new household installations, with nearly 19 lakh homes now on zero electricity bills and 14.8 GW commissioned under the scheme.
A steady tailwind for rooftop-solar EPC and module names as installation velocity keeps accelerating.
📎 _Read: ANI_
🔋 *EV sales up 63% YoY in July, e-cars up 81%*
Total EV registrations rose to 3.07 lakh units in July per JMK Research, with electric car sales climbing 81% YoY to 30,806 units and PV penetration at 7.92%.
Positive read-through for Tata Motors, Mahindra and the broader EV supply chain as adoption broadens beyond two-wheelers.
📎 _Read: India Gazette (ANI)_
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🏢 *COMPANIES*
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📈 *Bharti Airtel profit jumps 37% to ₹8,167 cr*
Q1FY27 consolidated net profit rose 37.3% YoY, revenue climbed 18.4% to ₹58,539 crore and ARPU improved to ₹264, on record postpaid additions and a larger Africa stake.
Revenue beat street estimates though profit missed Bloomberg consensus — a strong quarter with a minor expectations wrinkle.
📎 _Read: Business Standard_
📈 *ONGC profit more than doubles to ₹17,034 cr*
Q1 net profit surged 112% YoY with revenue up 45.2%, aided by firmer realisations — a standout in Tuesday’s results season.
A reminder of how leveraged upstream energy earnings are to the crude cycle India is currently watching closely.
📎 _Read: Business Standard_
💡 *Hospitality sector revenue to grow 7-9% in FY27: ICRA*
ICRA expects 7-9% YoY revenue growth for premium hotels in FY27, easing from an estimated 11% in FY26, as resilient domestic travel demand limits fallout from the West Asia conflict.
A constructive, if moderating, read for listed hotel names like Indian Hotels, Lemon Tree and Chalet.
📎 _Read: Business Standard_
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_Compiled by InvestoScope · 05 Aug 2026_