Stock Market Today Live, Aug 3: Nifty 50, Sensex outlook: RBI policy, Q1 earnings and global cues to steer markets this week

Indian benchmarks (Nifty +2.59%, Sensex +2.68%) rebounded in July on geopolitical détente, crude decline, renewed FII inflows, and Q1 earnings strength. RBI's MPC decision this week is the critical near-term catalyst; crude volatility and US-Iran tensions will shape equity and portfolio risk assessment.