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WEEKLY REPORT
The Indian benchmark indices extended the fall in the fifth consecutive week, recording the longest weekly losing streak in two years.
For the week, the BSE Sensex and Nifty are down nearly a percent each. Both indices were down for the 6th week in a row, the longest losing streak in 5 years.
Top gainers for the week include Delhivery, AB Capital, Pidilite Ind, and Hero Motocorp, while the losers include PG Electroplast, Biocon, Kalyan Jewelers, and Kaynes Tech.
On the sectoral front, Nifty Metal increased by 5% while Nifty IT, Nifty Defence, Nifty FMGC, Nifty Pharma, and Nifty Realty faced losses.
All the broader market indices ended in red with the BSE Large-cap index down 0.82 percent, Bthe SE Mid-cap index went down 1.14 percent, and the Small-cap indices also went down 1.91 percent this week.
The Indian rupee extended the losses in the fifth consecutive week with slight changes from the previous week, closing with ₹87.58 per dollar on August 8 compared to ₹87.52 per dollar on August 1.
ECONOMY
India approves ₹300 billion subsidiary for cooking gas
India has approved 300 billion rupees ($3.4 billion) in compensation to oil marketing companies, such as Indian Oil Corp, Bharat Petroleum, and Hindustan Petroleum, for losses incurred in selling subsidized cooking gas, Information and Broadcasting Minister Ashwini Vaishnaw said. The funds, to be disbursed in 12 installments, will support crude procurement, service debts, and maintain capital investments. Additionally, ₹120.6 billion has been earmarked to provide subsidized gas connections to around 100 million underprivileged households, aiming to buffer against global gas price volatility.
Brazil’s economy faces pressure
Brazil’s government believes the economy is starting to feel the effects of high interest rates and will closely monitor data to see if those impacts are “wider than initially expected,” Economic Policy Secretary Guilherme Mello said on Friday. Brazil’s central bank last week held its benchmark rate at 15%, the highest in almost two decades, pausing an aggressive tightening cycle after seven consecutive hikes aimed at fighting sticky inflation, which should cool down economic activity.
STOCKS IN NEWS
NSDL
Shares of National Securities Depository Limited were listed on the exchange on Wednesday, August 6, and the stock has seen an over 47 percent increase in the past three days. The shares have seen three consecutive gains after getting listed.
Britannia Industries
Shares of the food products company fell 6.75 percent over the week, following its muted earnings report for the quarter ended June 30, 2025. Britannia Industries reported a 3 percent rise on-year in consolidated net profit at Rs 520.13 crore for the June quarter of FY26. The biscuit maker had reported a net profit of Rs 504.88 crore in the June quarter of the previous year.
Crizac
Crizac went down by over 6.5 percent this week, after the company reported a net profit of Rs 46 crore for Q1 FY26. This marks a rise of over 10 percent on-year from the Rs 41 crore net profit reported in Q1 FY25. However, the net profit fell more than 8 percent sequentially from the Rs 50 crore reported in Q4 FY25. The firm’s revenue from operations, meanwhile, rose 30 percent on-year, but fell 38 percent sequentially to Rs 209 crore.
Tata Motors
Shares declined 3.62 percent this week, as investors turned cautious ahead of the automaker’s Q1 results later today, with analysts bracing for a sharp decline in profit and revenue. According to a Moneycontrol poll of six brokerage firms, the Nexon maker is anticipated to record an 8.7 percent year-on-year decrease in revenue, reaching Rs 98,600 crore.
LIC
Shares of Life Insurance Corporation went up nearly 2.5 percent over the week, as the headline indices ticked lower amid tariff woes. The gains are buoyed by the quarterly results wherein the company reported a 5 per cent rise in net profit and exuded confidence of a double-digit growth in the bottom line in the current financial year (FY2026).
Source – Moneycontrol, Reuters