Sensex Today | Stock Market LIVE Updates: Nifty may open around 24,650; IndusInd Bank gets a new CEO

Benchmark indices on Wall Street staged a rebound and a little more from Friday’s sell-off as dip buyers returned to the market and participants shifted focus to strong earnings reported so far.

Shares of IndusInd Bank Ltd., the Mumbai-based private lender, are likely to react on Tuesday, August 5, after it announced the appointment of Rajiv Anand as its new MD & CEO, late Monday night. The announcement also confirms a CNBC-TV18 newsbreak from June 27.

Shares of four Indian drugmakers will be in focus on Tuesday, August 5, as they will be reacting to their quarterly results that were reported after market hours on Monday.

Here’s a look at these four stocks

Oil steadied after a three-day drop as investors weighed risks to Russian supplies, with US President Donald Trump stepping up his threat to penalise India for buying Moscow’s crude.

#Newsbreak Confirmed | #IndusIndBank board approves appointment of Rajiv Anand as MD & CEO for 3 years after RBI nod w.e.f Aug 25, 2025 till Aug 24, 2028, subject to shareholders nod

Alert: CNBC-TV18 was the first to report that #RajivAnand was frontrunner for IIB CEO position… https://t.co/0NQy03XvHv pic.twitter.com/JC57Gpxjiz

— CNBC-TV18 (@CNBCTV18Live) August 5, 2025

Asian stocks rose at the open after a wave of dip buying, and optimism about interest-rate cuts helped the S&P 500 post its biggest rally since May.

#CNBCTV18Market | #GIFTNifty lower, trading at a discount of more than 70 pts from Nifty Futures Monday close, indicates a gap-down start for the Indian market pic.twitter.com/OTlaabusDl

— CNBC-TV18 (@CNBCTV18Live) August 5, 2025

US President Donald Trump has accused India of profiting from Russia’s war in Ukraine by purchasing large quantities of Russian oil and reselling it on the global market.

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