The S&P BSE Sensex surged by 1,023.08 points, closing at 80,128.96, while the Nifty50 climbed 295.55 points to end at 24,439.30 in a robust market rally on Friday. The surge came as global markets reacted positively to U.S. jobs and spending data, which alleviated concerns over a potential recession. This rally marked a significant boost for the benchmark indices, reflecting investor optimism. The strong performance was driven by gains across sectors, with heavyweights contributing to the upward momentum. This rally follows a trend of improving global economic data, supporting market sentiment.

Starbucks announced the immediate replacement of Indian-origin CEO Laxman Narasimhan with Brian Niccol, CEO of Chipotle. Narasimhan, who took over the role in March 2023, is stepping down from both the CEO position and the board. Known for his emphasis on work-life balance, Narasimhan had stated he "almost never" worked past 6 pm, which has recently gained attention online. Despite his departure, Starbucks praised Narasimhan for his efforts to innovate the brand’s supply chains and improve store operations. The leadership change comes amid declining sales and challenges in the Chinese market.

Adani Group stocks plummeted by up to 17% on Monday after Hindenburg Research released new allegations. The report claimed that Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch had ties to offshore entities linked to the Adani Group. In response, the Adani Group strongly denied any wrongdoing, labeling the claims as "malicious," "mischievous," and "manipulative." Significant drops were seen across Adani Power (down 10.94%), Adani Enterprises (down 5.27%), and Adani Energy Solutions (down 17.06%). Analysts expect a potential recovery if the allegations don't impact the group's earnings.

Reliance Industries Ltd. (RIL) has cut 42,000 jobs, or 11% of its workforce, in the 2023–24 fiscal year, prompting concern from Shaadi.com founder Anupam Mittal. Mittal described the layoffs as “alarming,” questioning the lack of widespread media attention. RIL aims to improve cost efficiency, particularly affecting its retail division. Despite adding 1.7 lakh jobs in other areas, Mittal stressed the need for a robust plan to address the broader job crisis in India, highlighting the challenge of creating 8-10 million new jobs annually.

SEBI chairperson Madhabi Buch and her husband have strongly denied allegations by Hindenburg Research, accusing the US firm of "character assassination." Hindenburg claimed the couple had hidden stakes in offshore entities linked to the Adani Group. Buch refuted these claims, stating that their finances are transparent and open to scrutiny. The couple believes these accusations are a retaliation by Hindenburg after SEBI took enforcement action against the firm. They have promised to release a detailed statement soon to clarify their position further.

Hindenburg Research has accused SEBI Chairperson Madhabi Puri Buch of having a stake in offshore funds tied to the Adani Group scandal. The US-based firm claims that Buch and her husband, Dhaval Buch, invested in obscure Bermuda and Mauritius entities linked to alleged financial misconduct by the Adani Group. Opposition leaders quickly reacted, criticizing SEBI for conflicts of interest. The report follows Hindenburg's previous allegations against Adani, which were denied by the billionaire. SEBI has not yet responded to these latest claims. The situation adds another layer of controversy to the ongoing investigation.

Russia announced that it stopped recruiting Indian nationals for its armed forces in April 2024, following concerns raised by India. The Russian embassy confirmed that about 50 Indians serving in the Russian military had requested help for discharge. The recruitment, which led to eight Indian deaths in the Ukraine conflict, involved 91 Indians, with 14 already discharged. Indian authorities, including Prime Minister Modi, have urged Russia to release the remaining 69 citizens. The Central Bureau of Investigation (CBI) has initiated criminal cases against individuals involved in misleading Indians into military service in Russia.

The ongoing political crisis in Bangladesh, marked by violent protests and the ousting of Prime Minister Sheikh Hasina, is impacting Indian companies with significant operations or market presence there. Firms such as Marico, Pearl Global Industries, and Emami have seen their stock prices fall, with Marico and Emami dropping over 4% due to potential sales disruptions. The crisis also affects companies like Adani Power, which has a crucial power supply agreement with Bangladesh. While some textile manufacturers are benefiting, the overall future impact on stocks tied to Bangladesh will depend on the unrest's resolution.

On August 5, 2024, the Sensex and Nifty 50 plummeted over 3% amid rising global and domestic concerns. The Sensex fell from 80,982 to 78,296, while the Nifty 50 dropped from 24,718 to 23,894. This led to a loss of nearly ₹17 lakh crore in market capitalization. Key factors include heightened fears of a US recession due to poor job data, escalating tensions in the Middle East, high valuations in Indian stocks, disappointing Q1 earnings, and technical issues like the Nifty falling below its 20-day moving average.

The Sensex tumbled nearly 2,400 points, or 2.95%, to 78,588.19, while the Nifty50 dropped 414.85 points, or 2%, to 24,302.85 amid fears of a US recession. Weak US jobs data, with the unemployment rate rising to 4.3%, heightened concerns over slowing economic growth. Geopolitical tensions in the Middle East further pressured markets. Over the last two sessions, the Sensex has fallen 4%, and the Nifty has declined 3.27%. Foreign institutional investors sold Rs 3,310 crore of domestic shares on August 2, contributing to the market downturn.