Anirudh Saligrama

Shilpa Medicare is scaling formulations, biologics, peptides and CDMO alongside its core API business, with Q1FY27 revenue and profit reaching record levels. After a 238% gain in 2026, the focus is shifting to whether its pipeline and new capacity can sustain earnings growth.

Indian equities hit three-month lows as rising US Treasury yields, Brent crude above $106 a barrel and renewed global risk aversion weigh on sentiment.

NSE shares trade at Rs 1,844.80 on debut as Chauhan says India has room for more retail participation.

Macquarie initiated Groww with an Outperform rating and a Rs 260 target price, while Angel One was started at Neutral with a Rs 285 target.

The Nifty 50 fell to its lowest level in 117 sessions and traded at levels last seen on April 7. The Sensex reached its lowest level in 73 sessions, falling to levels last seen on June 11.

Dhoot Transmission is expanding into battery packs, electronic controllers and other EV components as electric mobility raises content per vehicle. But at 73x earnings, the company needs its new businesses, Multilink acquisition and capacity additions to translate into sustained earnings growth.

Nifty Metal rose 2.22%, while Nifty Realty, Nifty Private Bank and Nifty PSU Bank gained between 1.14% and 1.52%. Nifty IT fell 0.97%, while Nifty Media declined 0.47%.

Government says Rs 150 crore has already been disbursed to SpiceJet, while the airline must work with banks to address its financial issues.

Broader markets also ended lower, with the Nifty Small Cap 100 index settling 0.21% lower and the Nifty Mid Cap index closing 0.09% lower.

Sai Life Sciences is expanding capacity and moving into peptides and formulations as global pharma companies diversify supply chains beyond China. The company expects stronger H2FY27 revenue and earnings, supported by new capacity, late-stage molecules and long-term FTE contracts.

Nifty Realty rose 0.98%, while Nifty Auto and Nifty Metal gained 0.69% and 0.50%, respectively. Nifty IT fell 0.41%, followed by Nifty PSU Bank at 0.23% and Nifty Rural at 0.12%.

India plans wider engagement with EU nations and expects exporters to expand capacity and meet standards to maximise the benefits of the trade pact.

Broaders markets, too, were buzzing in trade. Nifty Small Cap 100 index was trading over 1% higher, hile Nifty Mid Cap 100 was trading 0.5% higher.

Vodafone Idea shares gain after Bloomberg reports that an SBI-led lender group has agreed to provide about $3.5 billion in debt financing to the telecom operator.

The Nifty 50 traded 0.78% lower at 23,296.20, recovering 64.40 points from its day's low. The Sensex fell 0.72% to 74,365.15, but recovered 209.42 points from its intraday low.

Companies adopting AI should measure not only efficiency gains but also whether the capacity created is being used to drive innovation and growth, Irina Ghose said.

Citi said HCLTech's revenue per employee is expected to rise by about 3%, which should support margins, but wage inflation and investment requirements could offset some of the benefit.

HCLTech's Advanced AI revenue was about 5% of overall revenue in the first quarter and is expected to grow at a healthy pace, with the company also seeing new opportunities in physical AI, sovereign AI and data centres.

The Nifty 50 settled at 23,477.80, up 46.30 points or 0.20%, while the Sensex closed 138.36 points higher, or 0.19%, at 74,902.59.

Asian equities opened weaker as renewed US-Iran tensions pushed crude prices higher, intensifying concerns over inflation and the outlook for monetary policy.