BILKUL BAZAAR— The Daily News Wrap

9:00 PM |05 – 06 Aug 2026

National Business News Highlights

1. RBI Keeps Repo Rate Unchanged at 5.25%
   The Reserve Bank of India left the repo rate unchanged for the fourth consecutive policy meeting, while maintaining a neutral stance and revising its growth outlook upward.
2. RBI Raises FY27 Growth Forecast, Revises Inflation Outlook
   The central bank expressed confidence in India’s economic momentum while updating its inflation projections for the coming quarters.
3. Sensex Climbs Over 200 Points; Nifty Crosses 24,600
   Indian equity markets ended higher, supported by strong quarterly earnings and optimism over easing geopolitical tensions in the Middle East.
4. Biocon Reports Four-Fold Jump in Q1 Profit
   Biocon posted a sharp rise in quarterly profit to ₹141 crore, driven by strong growth in its biosimilars and generics businesses.
5. Manipal Health Makes Strong Stock Market Debut
   Shares of Manipal Health closed about 13% above their IPO issue price, reflecting robust investor demand for healthcare stocks.
6. RBI Says UPI Merchant Charges Need More Deliberation
   RBI Governor Sanjay Malhotra said it is premature to take a decision on introducing merchant charges for UPI payments, while emphasizing continued expansion of the digital payments ecosystem.
7. Indian Pharma Stocks Gain on Strong Earnings
   Healthcare stocks remained in focus after better-than-expected quarterly results from leading pharmaceutical companies boosted sector sentiment.
8. Financial Stocks Support Market Rally
   Banking and financial services shares advanced after the RBI’s steady policy stance reassured investors about macroeconomic stability.
9. Domestic Investors Continue Supporting Equity Markets
   Strong participation from domestic institutional investors helped Indian markets remain resilient despite global volatility.
10. India’s Economic Outlook Remains Positive
    The RBI’s updated projections reinforced confidence in India’s growth prospects, with stable policy expected to support investment and consumption.

International Business News Highlights

1. Global Markets Mixed Ahead of U.S. Jobs Data
   Investors remained cautious as Wall Street prepared for key employment data, while European equities touched record highs on strong corporate earnings.
2. Brent Crude Rebounds Above $80 per Barrel
   Oil prices recovered amid optimism surrounding Iran-Oman negotiations that could ease tensions around the Strait of Hormuz, a vital global energy route.
3. Gold Rises to Seven-Week High
   Gold prices climbed as investors sought safe-haven assets ahead of crucial U.S. economic data and ongoing geopolitical uncertainty.
4. Apollo Nears £5.7 Billion Acquisition of easyJet
   Apollo Global’s takeover bid for easyJet moved closer after rival bidder Castlelake withdrew from the contest.
5. Global Tech Stocks Remain Under Pressure
   Semiconductor and AI-related shares weakened following disappointing earnings from several chipmakers, weighing on technology-heavy indices worldwide.

💬 Quote of the Day

“In the business world, the rearview mirror is always clearer than the windshield.”
— Warren Buffett

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