The Bombay Stock Exchange (BSE) launched its Closing Auction Session (CAS) on August 3 to refine how closing prices are formed. The process began at 15:15, started taking orders at 15:20, ended at a random time between 15:28 and 15:30, and published the final closing reference price at 15:32. On its first day, more than 400 trading members took part across over 200 stocks, while the SENSEX slipped just 0.048%. The smooth rollout suggests the new mechanism has been implemented successfully and structurally improves index closing-price formation.

Foreign institutional investors cut holdings in major Indian banks in Q1 FY27, including HDFC Bank (down 2.18 percentage points to 41.82%), Axis Bank (down 2.09 percentage points to 42.05%) and ICICI Bank (down 0.69 percentage points to 33.79%). Federal Bank was the exception, with FII ownership rising 1.66 percentage points to 27.71%. Over the same period, the Nifty index gained 16% in July. The shift points to weaker near-term foreign sentiment toward large banks even as the broader market rebounded.

In July 2024, Qantas (ASX: QAN) shares fell 6.3% to $9.95 from $10.62. Over the same period, Brent crude rose nearly 26% to US$90.12 a barrel from US$71.55. The airline has previously said it expected to spend around $2.5 billion on jet fuel in H2 FY 2026, leaving it exposed as fuel prices climbed. The rapid rise in oil prices lifted operating-cost pressure for airlines and weighed on Qantas and other aviation stocks in the near term.

KEC International said it has won new orders worth Rs 1,063 crore spanning civil construction and transmission and distribution, lifting its total order book to Rs 6,300 crore. The company’s civil wins include a high-rise residential project, while its T&D business secured a 400 kV transmission line order in Africa and tower, hardware and pole supplies in the Americas. The stock rose 2% to Rs 478.75, taking its market capitalisation to Rs 12,744 crore.

Peak XV and Elevation Capital are set to pare their holdings in Meesho through a block deal of about Rs 1,900 crore, involving a combined 2.3% stake. The sale is for nearly 10.5 crore shares at a floor price of Rs 182.08 each, a 5% discount to the prevailing market price. Meesho also reported that its Q1 net loss narrowed to Rs 133 crore, while Citi reiterated a Buy rating and raised its target price to Rs 220 from Rs 210.

Maas Group Holdings Ltd (ASX: MGH) said data centre company Firmus will make an additional A$300 million equity investment and has awarded A$855 million in new contracts. The deals lift work-in-hand at its wholly owned electrical infrastructure unit, JLE Group, to A$1.2 billion scheduled for delivery over the next 18 months. Maas Group also raised its full-year underlying EBITDA guidance to A$300–A$310 million from A$250–A$280 million. Shares rose 8.1% to A$5.36.

Several India-listed companies posted stronger-than-expected quarterly results, led by Great Eastern Shipping, where profit nearly doubled and the stock rose 3.5%. Restaurant Brands Asia climbed 6.2% after reporting strong same-store sales. IREDA reported net profit up 36.8% year on year to ₹3.38 billion, while GPT Healthcare posted a 65.7% increase in net profit. The results point to improving earnings momentum and acted as positive catalysts for the respective stocks.

Nissan reported operating profit of ¥78 billion for the quarter ended June 30, far above the ¥6 billion consensus estimate, after a ¥79 billion loss a year earlier. Revenue was ¥3 trillion, matching expectations. The automaker maintained its full-year guidance for ¥200 billion in operating profit and ¥13 trillion in revenue, but trimmed its global sales outlook to 3.15 million vehicles. The cut largely reflected weaker demand in China, where industry sales fell 22% in the first half and Nissan’s sales declined 15%.