India Market Recap
Indian equity benchmarks ended lower on Wednesday as investors remained cautious amid conflicting signals surrounding the US-Iran conflict and ongoing efforts to restore shipping through the Strait of Hormuz. The NSE Nifty 50 declined 35.75 points, or 0.15%, to close at 24,435.95, while the BSE Sensex fell 187.90 points, or 0.24%, to settle at 77,966.35. Market sentiment remained subdued as participants balanced geopolitical risks with domestic fundamentals. On the technical front, Nifty support is placed in the 24,200–24,300 range, while resistance is seen between 24,500 and 24,600.
US Market Recap
Wall Street moved higher after the latest US inflation data came broadly in line with expectations, easing concerns about near-term interest rate hikes by the Federal Reserve. The inflation report supported market sentiment and helped the S&P 500 move closer to a record high. However, investors remained cautious as elevated inflation and rising fiscal deficits continued to keep long-term Treasury yields at high levels. Market participants are now closely watching the upcoming 30-year US Treasury auction, following a recent $42 billion auction of 10-year bonds that recorded the highest yield since 2007.
Asian Market Update
Asian markets traded higher on Thursday, supported by softer-than-expected US inflation data, which strengthened hopes that the Federal Reserve may avoid further rate hikes in the near term. The MSCI Asia Pacific Index gained 0.6%, led by advances in Japan and South Korea. Positive sentiment followed a strong performance on Wall Street, where the S&P 500 moved closer to record levels and a rally in major semiconductor stocks pushed the Nasdaq 100 to its highest level in over a month.
Commodity Check
Gold prices climbed to a two-month high after softer US inflation boosted expectations of a more accommodative Federal Reserve policy. Spot gold rose 0.5% to around $4,429.70 per ounce, after touching an intraday high near $4,450 per ounce. Silver gained 1% to $65.94 per ounce, while platinum and palladium also advanced.
Crude oil prices remained elevated as uncertainty persisted over the reopening of the Strait of Hormuz. Brent crude traded around $88 per barrel, while West Texas Intermediate (WTI) remained below $83 per barrel after a strong rally over the past week. According to the International Energy Agency (IEA), the global oil market is expected to face a supply deficit of 1.8 million barrels per day this quarter, more than double its previous estimate, reflecting the continued impact of the US-Iran conflict on global energy supplies.
Stocks In News
- Bajel Projects: The company bags an EPC order worth over Rs. 600 crore under the WR-ER Inter-Regional Network Expansion Scheme.
- Dixon Technologies: The company will incorporate subsidiary Adivistar Electronics India, with Dixon holding a 51% stake.
- Poonawalla Fincorp: The company approves issuance of NCDs worth Rs. 750 crore.
- Indo Count Industries: The company partially resumes operations at its Bhilad, Gujarat unit.
- Share India Securities: The company approves issuance of NCDs worth up to Rs. 75 crore.
- Thomas Cook India: The company launches India Forex Report 2026 highlighting shifts in forex spending patterns.
- Bajaj Healthcare: The company receives DCGI approval to manufacture and market Cenobamate API and Cenobamate tablets.
- Arrow Greentech: The company receives Indian patent for ‘Dual Colour Shift Security Film'.
- UltraTech Cement: The company will acquire a 26% stake in Solaris Horizon Energy for Rs. 27.8 crore.
- Dilip Buildcon: The company fixes September 15 as the record date for dividend payment.
- Texmaco Rail & Engineering: The company receives an order worth Rs. 77.8 crore from IVC Logistics for supply of three ACT-1 wagon rakes.
- Diamond Power Infrastructure: The company receives a Letter of Intent worth Rs. 61 crore from Purvanchal Vidyut Vitran Nigam for supply of 33 kV HT XLPE cables.
- Ester Industries: The company's JV signs a non-binding Letter of Intent with a leading global sports and athletic brand for supply of Loop PET Fiber Grade resin.
- JK Cement: The company commissions a 0.60 million TPA cement manufacturing unit in Rajasthan.
- ICICI Prudential Life Insurance: The company enters into a pact with Prudential IP Services for continued usage of ‘Prudential' trademarks and for eventual removal of ‘Prudential' marks from the company name.
- GE Power India: The company secures an order worth Rs. 550 crore for the Shoaiba Fuel Conversion Project in Saudi Arabia.
- Associated Alcohols & Breweries: Madhya Pradesh High Court stays FSSAI order prohibiting sale of one of the company's whisky and rum brands.
- GMR Airports: The company approves fundraising of up to Rs. 5,000 crore via QIP, bonds and other instruments, including up to Rs. 1,500 crore through non-convertible bonds.
- Rhetan TMT: The company approves reappointment of Shalin Ashok Shah as Managing Director for another five-year term from January 8, 2027.
- JSW Infrastructure: The company signs a pact with Syama Prasad Mookerjee Port Authority, Kolkata.
- Ashapura Minechem: The company's Singapore-based step-down subsidiary has been dissolved.
- Berger Paints: Shareholders approve reappointment of Abhijit Roy as MD & CEO for four years from July 1, 2027.
- SBC Exports: The company withdraws its proposed preferential issue of 2.75 crore shares against conversion of unsecured loan worth Rs. 99 crore.
- Waaree Energies: UltraTech Cement to acquire a 26% stake in arm Solaris for around Rs. 28 crore.
- Jio Financial Services: The company enters a JV agreement with Bank of America; BofA to acquire up to 49.9% stake in arm Jio Credit for Rs. 18,268 crore.
- Juniper Hotels: The company signs a licence deed with Delhi Development Authority to develop a 5-star luxury hotel in New Delhi.
- Juniper Green: The company commissions the entire 50 MW wind component of its 75 MW hybrid power project, including the final 5 MW turbine.
- Raj Rayon Industries: The company approves a Rs. 650 crore Phase-II expansion at its Silvassa unit.
- Indian Hotels: The company receives an additional penalty of Rs. 5.5 crore from BMC, taking the total penalty amount to Rs. 103 crore.
- Hirect: Hind Rectifiers will be renamed Hirect with effect from August 18.
- Revenue up 43.3% to Rs. 2,714 crore versus Rs. 1,894 crore.
- EBITDA up 75.5% to Rs. 588 crore versus Rs. 335 crore.
- EBITDA margin at 21.7% versus 17.7%.
- Net profit at Rs. 222 crore versus Rs. 60 crore.
- Q1 FY26 included a one-time loss of Rs. 10.4 crore.
- Revenue up 23.0% to Rs. 19,329 crore versus Rs. 15,682 crore.
- EBITDA up 9.5% to Rs. 2,176 crore versus Rs. 1,987 crore.
- EBITDA margin at 11.3% versus 12.7%.
- Net profit up 8.3% to Rs. 1,528 crore versus Rs. 1,411 crore.
- Other income at Rs. 396 crore versus Rs. 245 crore.
- Revenue up 15.9% to Rs. 1,578 crore versus Rs. 1,361 crore.
- EBITDA down 4.1% to Rs. 283 crore versus Rs. 296 crore.
- EBITDA margin at 18.0% versus 21.7%.
- Net profit up 48.0% to Rs. 120 crore versus Rs. 81.1 crore.
- Revenue up 20.8% to Rs. 887 crore versus Rs. 734 crore.
- EBITDA down 16.9% to Rs. 79.5 crore versus Rs. 95.6 crore.
- EBITDA margin at 9.0% versus 13.0%.
- Net profit up 36.9% to Rs. 90 crore versus Rs. 66 crore.
- Revenue up 17.7% to Rs. 775 crore versus Rs. 659 crore.
- EBITDA up 16.1% to Rs. 104 crore versus Rs. 89 crore.
- EBITDA margin at 13.4% versus 13.6%.
- Net profit up 12.9% to Rs. 64.9 crore versus Rs. 57.5 crore.
- Revenue up 13.0% to Rs. 1,458 crore versus Rs. 1,290 crore.
- EBITDA up 18.6% to Rs. 735 crore versus Rs. 620 crore.
- EBITDA margin at 50.4% versus 48.0%.
- Net profit up 17.0% to Rs. 619 crore versus Rs. 529 crore.
- Declares interim dividend of Rs. 5 per share.
- Revenue up 8.5% to Rs. 499 crore versus Rs. 460 crore.
- EBITDA up 9.8% to Rs. 70 crore versus Rs. 63.8 crore.
- EBITDA margin at 14.0% versus 13.9%.
- Net profit down 12.5% to Rs. 58.8 crore versus Rs. 67.2 crore.
- Revenue up 23.3% to Rs. 107 crore versus Rs. 87 crore.
- EBITDA up 28.4% to Rs. 16.4 crore versus Rs. 12.7 crore.
- EBITDA margin at 15.2% versus 14.6%.
- Net profit up 37.5% to Rs. 11 crore versus Rs. 8 crore.
- Revenue up 34.1% to Rs. 680 crore versus Rs. 507 crore.
- EBITDA up 65.0% to Rs. 166 crore versus Rs. 101 crore.
- EBITDA margin at 24.4% versus 19.8%.
- Net profit up 95.5% to Rs. 131 crore versus Rs. 67 crore.
- Revenue up 19.4% to Rs. 2,988 crore versus Rs. 2,503 crore.
- EBITDA up 13.3% to Rs. 169.6 crore versus Rs. 149.6 crore.
- EBITDA margin at 5.7% versus 6.0%.
- Net profit up 32.2% to Rs. 97 crore versus Rs. 73.3 crore.
- Revenue up 64.0% to Rs. 3,583 crore versus Rs. 2,184 crore.
- EBITDA up 20.6% to Rs. 233 crore versus Rs. 193 crore.
- EBITDA margin at 6.5% versus 8.8%.
- Net profit up 14.4% to Rs. 159 crore versus Rs. 139 crore.
- Revenue down 25.8% to Rs. 1,101 crore versus Rs. 1,482 crore.
- EBITDA up 17.0% to Rs. 304 crore versus Rs. 260 crore.
- EBITDA margin at 27.6% versus 17.5%.
- Net loss at Rs. 45.1 crore versus profit of Rs. 98.8 crore.
- Revenue up 9.5% to Rs. 1,956 crore versus Rs. 1,786 crore.
- EBITDA up 2.9% to Rs. 205 crore versus Rs. 199 crore.
- EBITDA margin at 10.5% versus 11.1%.
- Net profit down 43.6% to Rs. 93 crore versus Rs. 165 crore.
- Revenue down 1.5% to Rs. 303 crore versus Rs. 307 crore.
- EBITDA down 11.8% to Rs. 29.7 crore versus Rs. 33.7 crore.
- EBITDA margin at 9.8% versus 11.0%.
- Net profit up 7.5% to Rs. 23.6 crore versus Rs. 21.9 crore.
- Revenue up 36.7% to Rs. 423 crore versus Rs. 309 crore.
- EBITDA up 37.4% to Rs. 258 crore versus Rs. 188 crore.
- EBITDA margin at 61.1% versus 60.8%.
- Net loss at Rs. 24 crore versus loss of Rs. 37 crore.
- Revenue up 24.7% to Rs. 2,501 crore versus Rs. 2,006 crore.
- EBITDA up 35.7% to Rs. 240 crore versus Rs. 177 crore.
- EBITDA margin at 9.6% versus 8.8%.
- Net profit up 0.6% to Rs. 53.5 crore versus Rs. 53.2 crore.
- Saw one-time loss of Rs. 23 crore in Q1.
- Revenue down 34.3% to Rs. 157 crore versus Rs. 239 crore.
- EBITDA down 52.4% to Rs. 26 crore versus Rs. 54.6 crore.
- EBITDA margin at 16.6% versus 22.8%.
- Net profit down 59.0% to Rs. 15.5 crore versus Rs. 37.9 crore.
- Revenue at Rs. 252.3 crore versus Rs. 115.3 crore.
- EBITDA at Rs. 49.1 crore versus Rs. 17.6 crore.
- EBITDA margin at 19.4% versus 15.3%.
- Net profit at Rs. 32.9 crore versus Rs. 12.4 crore.
- Revenue up 27.3% to Rs. 4,500 crore versus Rs. 3,534 crore.
- EBITDA at Rs. 267 crore versus Rs. 88 crore.
- EBITDA margin at 5.9% versus 2.5%.
- Net profit at Rs. 113.4 crore versus loss of Rs. 39.4 crore.
- Revenue up 32.8% to Rs. 332 crore versus Rs. 250 crore.
- EBITDA up 45.3% to Rs. 214 crore versus Rs. 147 crore.
- EBITDA margin at 64.5% versus 58.9%.
- Net profit up 42.0% to Rs. 148 crore versus Rs. 104 crore.
- Revenue up 17.7% to Rs. 625 crore versus Rs. 531 crore.
- EBITDA up 2.8% to Rs. 50 crore versus Rs. 48.7 crore.
- EBITDA margin at 8.0% versus 9.2%.
- Net profit at Rs. 4.3 crore versus loss of Rs. 29.1 crore.
- Revenue up 3.0% to Rs. 578 crore versus Rs. 561 crore.
- EBITDA loss at Rs. 11.2 crore versus profit of Rs. 24.7 crore.
- Net loss at Rs. 53.6 crore versus loss of Rs. 13.1 crore.
- Revenue up 28.7% to Rs. 156 crore versus Rs. 121 crore.
- EBITDA down 5.1% to Rs. 14.9 crore versus Rs. 15.7 crore.
- EBITDA margin at 9.6% versus 13.0%.
- Net profit up 7.7% to Rs. 8.8 crore versus Rs. 8.2 crore.
- Revenue up 89.5% to Rs. 1,402 crore versus Rs. 740 crore.
- EBITDA at Rs. 203.7 crore versus Rs. 60.9 crore.
- EBITDA margin at 14.5% versus 8.2%.
- Net profit at Rs. 142.2 crore versus Rs. 33 crore.
- Revenue up 27.6% to Rs. 124.3 crore versus Rs. 97.4 crore.
- EBITDA up 12.0% to Rs. 15.9 crore versus Rs. 14.2 crore.
- EBITDA margin at 12.8% versus 14.6%.
- Net profit down 25.4% to Rs. 5.3 crore versus Rs. 7.1 crore.
- Revenue up 64.6% to Rs. 548 crore versus Rs. 333 crore.
- EBITDA up 15.0% to Rs. 48.3 crore versus Rs. 42 crore.
- EBITDA margin at 8.8% versus 12.6%.
- Net profit up 19.3% to Rs. 34 crore versus Rs. 28.5 crore.
- Revenue up 9.3% to Rs. 71.4 crore versus Rs. 65.3 crore.
- Net profit up 3.1% to Rs. 26.2 crore versus Rs. 25.4 crore.
- Revenue up 4.4% to Rs. 1,814 crore versus Rs. 1,738 crore.
- EBITDA up 17.4% to Rs. 523 crore versus Rs. 445 crore.
- EBITDA margin at 28.8% versus 25.6%.
- Net profit up 17.2% to Rs. 429 crore versus Rs. 366 crore.
- Revenue at Rs. 137 crore versus Rs. 30.5 crore.
- EBITDA loss at Rs. 71.6 crore versus loss of Rs. 54.6 crore.
- Net loss at Rs. 40 crore versus profit of Rs. 3.1 crore.
- Revenue down 53.6% to Rs. 103 crore versus Rs. 222 crore.
- EBITDA loss at Rs. 10.6 crore versus profit of Rs. 0.4 crore.
- Net loss at Rs. 8.7 crore versus profit of Rs. 4.1 crore.
- Revenue up 11.7% to Rs. 331 crore versus Rs. 296 crore.
- EBITDA down 42.9% to Rs. 15.2 crore versus Rs. 26.7 crore.
- EBITDA margin at 4.6% versus 9.0%.
- Net profit up 21.3% to Rs. 10.8 crore versus Rs. 8.9 crore.
- Revenue up 12.6% to Rs. 765 crore versus Rs. 679 crore.
- EBITDA up 26.3% to Rs. 95 crore versus Rs. 75.1 crore.
- EBITDA margin at 12.4% versus 11.1%.
- Net profit at Rs. 52.6 crore versus loss of Rs. 23.1 crore.
- Revenue up 37.6% to Rs. 286 crore versus Rs. 207.5 crore.
- EBITDA up 84.8% to Rs. 76.5 crore versus Rs. 41.4 crore.
- EBITDA margin at 26.8% versus 20.0%.
- Net profit up 16.3% to Rs. 50 crore versus Rs. 43 crore.
- Revenue up 20.6% to Rs. 7,044 crore versus Rs. 5,842 crore.
- Net profit up 34.2% to Rs. 581 crore versus Rs. 433 crore.
- Net profit beats estimate of Rs. 555 crore.
- Revenue beats estimate of Rs. 6,890 crore.
- EBITDA up 28.2% to Rs. 1,092 crore versus Rs. 852 crore YoY.
- EBITDA at Rs. 1,092 crore versus estimate of Rs. 1,051 crore.
- EBITDA margin at 15.5% versus 14.6% YoY.
- EBITDA margin at 15.5% versus estimate of 15.3%.
- Healthcare Services revenue up 21.7% to Rs. 3,620 crore YoY.
- Digital Health revenue up 20.4% to Rs. 2,977 crore YoY.
- Revenue down 7.4% to Rs. 224 crore versus Rs. 242 crore.
- EBITDA loss at Rs. 5.2 crore versus profit of Rs. 21.6 crore.
- Net profit down 46.6% to Rs. 11 crore versus Rs. 20.6 crore.
- Revenue up 33.3% to Rs. 1,021 crore versus Rs. 766 crore.
- EBITDA up 48.0% to Rs. 196 crore versus Rs. 132.4 crore.
- EBITDA margin at 19.2% versus 17.3%.
- Net profit up 39.2% to Rs. 86.6 crore versus Rs. 62.2 crore.
- Revenue down 54.2% to Rs. 588 crore versus Rs. 1,283 crore.
- EBITDA down 74.0% to Rs. 43.2 crore versus Rs. 166.7 crore.
- EBITDA margin at 7.4% versus 13.0%.
- Net profit down 47.6% to Rs. 62 crore versus Rs. 118 crore.
- Revenue up 18.1% to Rs. 1,370 crore versus Rs. 1,160 crore.
- EBITDA down 2.7% to Rs. 387 crore versus Rs. 397 crore.
- EBITDA margin at 28.2% versus 34.3%.
- Net profit down 0.3% to Rs. 330 crore versus Rs. 331 crore.
- Revenue up 25.7% to Rs. 2,353 crore versus Rs. 1,872 crore.
- EBITDA loss at Rs. 49.3 crore versus profit of Rs. 20.9 crore.
- Net loss at Rs. 26 crore versus profit of Rs. 10 crore.
- Revenue down 41.0% to Rs. 5,558 crore versus Rs. 9,442 crore.
- EBITDA down 17.5% to Rs. 1,535 crore versus Rs. 1,861 crore.
- EBITDA margin at 27.6% versus 19.7%.
- Net profit down 17.0% to Rs. 1,137 crore versus Rs. 1,371 crore.
- Revenue up 5.4% to Rs. 2,642 crore versus Rs. 2,507 crore.
- EBITDA up 34.5% to Rs. 259 crore versus Rs. 192 crore.
- EBITDA margin at 9.8% versus 7.7%.
- Net profit at Rs. 97.3 crore versus Rs. 47.2 crore.
- Revenue up 29.2% to Rs. 301 crore versus Rs. 233 crore.
- EBITDA up 15.2% to Rs. 80.3 crore versus Rs. 69.7 crore.
- EBITDA margin at 26.7% versus 29.9%.
- Net profit up 15.8% to Rs. 66 crore versus Rs. 57 crore.
- Revenue up 4.2% to Rs. 546 crore versus Rs. 524 crore.
- EBITDA up 6.5% to Rs. 97 crore versus Rs. 91.1 crore.
- EBITDA margin at 17.8% versus 17.4%.
- Net profit down 7.1% to Rs. 58.5 crore versus Rs. 63 crore.
- Revenue up 18.0% to Rs. 774 crore versus Rs. 656 crore.
- EBITDA down 66.4% to Rs. 9.4 crore versus Rs. 28 crore.
- EBITDA margin at 1.2% versus 4.3%.
- Net profit down 53.9% to Rs. 6.5 crore versus Rs. 14.1 crore.
- Revenue up 23.9% to Rs. 1,719 crore versus Rs. 1,387 crore.
- EBITDA up 38.9% to Rs. 150 crore versus Rs. 108 crore.
- EBITDA margin at 8.7% versus 7.8%.
- Net profit up 19.1% to Rs. 56 crore versus Rs. 47 crore.
- Revenue up 26.2% to Rs. 217 crore versus Rs. 172 crore.
- EBITDA loss at Rs. 643 crore versus loss of Rs. 699 crore.
- Net loss at Rs. 842 crore versus loss of Rs. 943 crore.