_Markets open — regular cash session as usual; new SEBI Closing Auction Session (CAS) framework takes effect today, F&O trading now runs till 3:40 pm_
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📊 *ECONOMY & POLICY*
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📉 *Crude tumbles as Trump calls off Iran strike*
WTI slid over 4% after Trump said he canceled a planned attack on Iran and reached a deal on the “perimeters” of an agreement.
Easing Hormuz risk is a tailwind for India’s import bill, inflation and the rupee — though the move could reverse fast if talks falter.
📎 _Read: CNBC_
https://www.cnbc.com/2026/08/02/stock-market-today-live-updates.html
🏦 *SEBI’s new Closing Auction Session kicks in today*
From today, F&O-eligible stocks move to an auction-based closing price at 3:15–3:30 pm, with F&O derivatives trading extended to 3:40 pm; other stocks are unaffected.
Expect wider bid-ask spreads and index-tracking-error improvements initially — passive funds benefit most, intraday traders need to adjust square-off timing.
📎 _Read: Business Standard_
🤝 *India-China border trade resumes after 6 years*
Barter trade through the Shipki La pass in Himachal Pradesh restarted after a Covid-era suspension, with the first batch of traders crossing into Tibet.
Small in value, but a symbolic thaw worth watching for any broader India-China trade normalisation signal.
📎 _Read: Business Standard_
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🏢 *COMPANIES*
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📈 *July auto sales rise ~33% YoY across the industry*
Maruti Suzuki led with domestic PV sales nearing 2 lakh units; Tata Motors’ CV sales jumped 37% and Hyundai posted its best-ever July on a supplier-fire recovery.
Broad-based volume strength heading into festive season — watch which OEMs convert this into margin given ongoing commodity cost pressure.
📎 _Read: Autocar India_
https://www.autocarindia.com/industry/july-2026-car-sales-tata-holds-slim-lead-over-mahindra-440365
📉 *Maruti Suzuki Q1 profit falls 9% despite record sales*
Consolidated net profit dropped to ₹3,446.9 crore as West Asia-conflict-driven commodity, energy and logistics costs squeezed margins even as domestic sales and exports hit records.
A reminder that volume strength (see July sales above) isn’t yet translating into margin — crude’s pullback this week could offer relief next quarter.
📎 _Read: Business Standard_
💰 *CAS may dent brokerage revenue, says Zerodha’s Kamath*
Nithin Kamath said the new closing-auction mechanism could shave roughly 1–5% off brokerage income, with staggered close timings likely to spike customer queries initially.
A direct read-through for listed broking stocks — watch Q2 commentary from Angel One, ICICI Securities and Motilal Oswal on volume/revenue impact.
📎 _Read: ANI_
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🌍 *GLOBAL & WORLD*
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📈 *Wall Street opens August higher ahead of jobs data*
US futures firmed Sunday evening on the Iran de-escalation news; this week’s focus shifts to Friday’s July payrolls print and earnings from AMD, Eli Lilly and SpaceX’s first quarterly disclosure.
Fed-funds futures still price ~64-65% odds of a September rate move — a strong payrolls number could complicate that path and ripple into EM flows.
📎 _Read: CNBC_
https://www.cnbc.com/2026/08/02/stock-market-today-live-updates.html
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_Compiled by InvestoScope · 03 Aug 2026_