Stock Market Crash News Today Live Updates: GIFT Nifty Points To Negative Open For Nifty, Sensex; Brent Crude Rises Near $74 A Barrel

UBS expects CarTrade’s margin to expand to 47% by FY30 from 33% in FY26, supported by revenue growth and operating leverage. It sees growth potential in OLX and expects FY27–29 earnings to exceed consensus estimates by 15–20%.

• Reliance Infrastructure’s Mumbai Metro One signed a debt restructuring agreement that will reduce debt by more than Rs 1,100 crore. Power Grid emerged as the successful bidder for a transmission project covering Andhra Pradesh, Telangana and Karnataka.
• NMDC raised iron ore prices, while Keystone Realtors reported a 42% fall in Q1 pre-sales to Rs 617 crore. Power Finance Corporation raised $300 million through three-year floating-rate notes.
• Ashoka Buildcon settled a matter with NHAI for Rs 1.04 crore. Indus Towers appointed Abhishek Maheshwari as CFO, while Uflex named Arun Kumar Sharma as CFO.

• HEG plans to expand its REPlus battery manufacturing facility from 1 GWh to 6 GWh by the second half of FY27. Its battery energy solutions business has a 5,000 MWh order pipeline, with 1,500 MWh under execution.
• The company is also developing battery storage, solar and hydro projects and is targeting production capacity of 60 KMT by FY32.

• L&T Finance’s consolidated net profit rose 28.7% year-on-year to Rs 902 crore. Its consolidated loan book increased 27% to Rs 1,29,634 crore.
• Net interest margin and fees improved to 10.47% from 10.22% a year earlier, while credit cost declined to 2.54% from 2.64% in the previous quarter.

• Adani Green’s operational capacity rose 27% year-on-year to 20,142 MW after adding 848 MW during the quarter. Energy sales increased 30% to 13,657 million units.
• The company plans to increase battery storage capacity to more than 10 GWh by FY27 and renewable energy capacity to 50 GW by 2030.

• SBI transferred a 1.4% stake in SBI Fund Management to 30 investors for Rs 1,655 crore and reduced its planned IPO offer-for-sale stake to 4.89%. NTPC approved a Rs 20,457 crore investment in the Lara power project, while Lux Industries plans to invest Rs 600 crore in a West Bengal facility.
• Just Dial appointed Dinkar Ayilavarapu as CEO and Dinesh Taluja as CFO. IdeaForge raised Rs 500 crore through a qualified institutional placement, while Emcure Pharmaceuticals’ arm agreed to sell its mRNA business for Rs 139.5 crore.
• RITES’ consortium secured a Rs 79 crore Patna Metro order. Goodluck India approved a 2:1 bonus issue, Nuvoco Vistas commissioned a cement grinding unit, and Hariom Pipe’s arm commissioned a 5 MW solar project.

Avantel’s consolidated revenue rose 35.7% year-on-year to Rs 70.4 crore, while net profit increased 67.4% to Rs 5.4 crore. EBITDA grew 66.7% to Rs 17.4 crore, with the margin widening to 24.7% from 20.1%.

Just Dial’s standalone revenue rose 9.9% year-on-year to Rs 327 crore, while net profit increased 4.1% to Rs 166 crore. EBITDA grew 1.2% to Rs 87.4 crore, but the margin narrowed to 26.7% from 29%.

LTIMindtree’s consolidated revenue rose 2.8% quarter-on-quarter to Rs 11,608 crore, while net profit increased 5.3% to Rs 1,466 crore. EBIT grew 5.3% to Rs 1,799 crore, with the margin expanding to 15.5% from 15.1%.

LTMindtree’s AI-related revenue stood at $150 million in the June quarter, accounting for 12.2% of its quarterly revenue. TCS reported AI revenue at 8.5% of annualised revenue, while HCLTech’s advanced AI revenue formed 4.2% of quarterly revenue.

• Constant-currency revenue grew 0.3% from the previous quarter, while margin increased 40 basis points. Deal wins stood at $1.68 billion.
• AI revenue stood at $150 million, accounting for 12.2% of quarterly revenue. Management expects Q2 growth to exceed Q1.
• Morgan Stanley retained an Equal-weight rating with a target price of Rs 4,000. Citi maintained Sell and cut its target price to Rs 3,450.

Iran said the Strait of Hormuz was closed until further notice, but the US military said commercial traffic continued through the waterway. US forces carried out further strikes on Iran on Sunday following an attack on a container ship.

• The Nifty 50 rose 244.10 points, or 1.02%, to close at 24,206.90 on Friday. The Sensex gained 827.57 points, or 1.08%, to end at 77,569.39.
• Despite Friday’s gains, the Nifty 50 declined 0.25% for the week and the Sensex fell 0.22%, ending their four-week winning run.

Dow Jones futures fell 135 points, while S&P 500 futures declined 0.3%. Nasdaq-100 futures dropped 0.5%.

The benchmark 10-year US Treasury yield rose to about 4.58%, while government bonds in Australia and Japan weakened. The US dollar gained against all other Group of 10 currencies.

Japan’s Nikkei 225 rose 0.58%, Australia’s ASX 200 gained 0.10% and South Korea’s Kospi added 0.02%. Investors also awaited corporate earnings due during the week.

Brent crude futures rose 3.5% to $78.67 a barrel, while US West Texas Intermediate crude gained 3.4% to $73.87. The fresh strikes raised concerns over supplies through the Strait of Hormuz, which carries about one-fifth of global oil.

GIFT Nifty traded at 24,136.50, compared with the Nifty 50’s Friday close of 24,206.90.