Cleveland Federal Reserve President Loretta Mester and San Francisco Fed President John Williams speeches today will offer further insight into whether the US Federal Reserve has turned more dovish in light of the recently muted inflation. Investors will also be keeping a close eye on the Reserve Bank of Australia's rate decision, which is expected to stay on hold, and US manufacturing conditions, due today. A raft of private manufacturing surveys will also be released.

Prime Minister Narendra Modi is likely to visit Assam today for a first-hand assessment of the flood situation. The Prime Minister has announced Rs 2 lakh compensation for those killed in the floods. Assam has suffered widespread destruction besides loss of lives in the floods.

The initial public offering of Cochin Shipyard opens today. The company plans to raise Rs 1,470 crore to help fund a ₹2,800-crore expansion for constructing larger sophisticated ships and strengthening its ship repair business. The sale is priced at ₹424-432 an equity share and closes on August 3.

Bitcoin investors may have to brace themselves for volatility as some Bitcoin miners are attempting to split the network in what is known as a fork. The fork, if successful, will result in a new version of Bitcoin, the Bitcoin Cash. Fears about the split have dampened demand for bitcoin in recent weeks.

BlackBerry will launch its latest device, the KEYone, in the country. First launched at the Mobile World Congress in Barcelona, the KEYone is classic BlackBerry but based on Android Nougat. It holds on to the phones of yesteryear with its physical yet touch sensitive keyboard complete with BlackBerry shortcuts, and has a 4.5-inch Full HD LCD display.