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The GIFT Nifty, an early indicator of Nifty 50's performance, traded at 24,404. The Indian stock market benchmark indices, Sensex and Nifty 50, halted their two-week gaining streak following selling across the board amid as sentiment remain cautious over the persistent geopolitical tensions. Both the benchmark indices closed 0.6% lower this week. On Friday, the Nifty 50 closed 29.85 points, or 0.12%, lower at 24,366. The Sensex declined 70.71 points, or 0.09%, to 78,009.25.
Asian stock markets opened mixed on Monday as investors assessed Japan's slower-than-expected economic growth alongside fresh developments in the Middle East. Japan's Nikkei 225 gained 0.38%, while Australia's ASX 200 fell 0.37%. South Korean markets were closed for a holiday.
Oil prices were broadly steady after a strong advance last week. Brent crude traded below $89 a barrel after gaining about 6% in the previous week, while West Texas Intermediate held near $82.
Fresh fighting in Lebanon and attacks on vessels in the Strait of Hormuz have complicated efforts to reach an agreement to end the US-Iran conflict. The two sides are approaching the formal end of their ceasefire, with negotiations showing no clear path towards reopening the key waterway.
Israel said it had killed 11 people, including a senior Hezbollah commander, in strikes on southern Lebanon. The fighting has added to uncertainty around the wider Middle East conflict and the prospects for a diplomatic settlement between Washington and Tehran.
The US is also preparing an "economic isolation" plan as negotiations remain stalled over the Strait of Hormuz.
Wall Street offered a positive lead despite the geopolitical uncertainty. The S&P 500 recorded a third consecutive weekly gain and reached another record high last week following a strong earnings season, although the index finished Friday lower amid signs of softer US consumer spending.
US equity futures were little changed in early Asian trading. Dow Jones Industrial Average futures rose 11 points, or 0.02%, while S&P 500 futures gained 0.1% and Nasdaq-100 futures advanced 0.2%.
Gold rose 0.4% to around $4,390 an ounce as investors continued to assess developments in the Middle East and their potential impact on global markets.
Stock Market Live: Rubicon Research Q1 Profit Nearly Doubles
Rubicon Research reported strong year-on-year growth across revenue, EBITDA and net profit in the June quarter.
Rubicon Research (Q1 FY27, Consolidated YoY)
- Revenue up 51.7% to Rs 534 crore versus Rs 352 crore.
- EBITDA up 64.2% to Rs 128.4 crore versus Rs 78.2 crore.
- EBITDA margin at 24.0% versus 22.2%.
- Net profit up 97.7% to Rs 85 crore versus Rs 43 crore.
Stock Market Live: Voltas Q1 Profit Rises 52%, EBITDA Jumps 49%
Voltas reported its June-quarter earnings, with revenue, EBITDA and net profit increasing year on year.
Voltas (Q1 FY27, Consolidated YoY)
- Revenue up 18.7% to Rs 4,674 crore versus Rs 3,939 crore.
- EBITDA up 48.7% to Rs 266 crore versus Rs 179 crore.
- EBITDA margin at 5.7% versus 4.5%.
- Net profit up 52.2% to Rs 214 crore versus Rs 140 crore.
Approves a binding term sheet with Atomberg to form a joint venture for AC compressor manufacturing in India.
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Stock Market Live: UFlex Reports Sharp Q1 EBITDA And Profit Growth
UFlex reported its June-quarter earnings, with revenue and EBITDA increasing year on year.
UFlex (Q1 FY27, Consolidated YoY)
- Revenue up 37.6% to Rs 5,366 crore versus Rs 3,901 crore.
- EBITDA up 93.9% to Rs 888 crore versus Rs 458 crore.
- EBITDA margin at 16.5% versus 11.7%.
- Net profit at Rs 422 crore versus Rs 62 crore.
Stock Market Live: Patanjali Foods Reports Q1 Profit Jump, Declares Dividends
Patanjali Foods reported its June-quarter earnings, with revenue, EBITDA and net profit rising year on year.
Patanjali Foods (Q1 FY27, Consolidated YoY)
- Revenue up 29.3% to Rs 11,337 crore versus Rs 8,766 crore.
- EBITDA up 68.3% to Rs 542 crore versus Rs 322 crore.
- EBITDA margin at 4.8% versus 3.7%.
- Net profit up 86.7% to Rs 336 crore versus Rs 180 crore.
Reappoints Acharya Balkrishna as Chairman.
Declares 3rd interim dividend of Rs 1.5/share for FY26 and 1st interim dividend of Rs 0.8/share for FY27.
Stock Market Live: UPL Arm To Acquire Hytech Egypt For $110 Million
UPL's step-down arm Advanta will acquire Hytech Egypt, adding to its corn-focused business across the Middle East and Africa.
- Acquisition value: $110 million.
- Deal aimed at attaining leadership in white and yellow corn across the Middle East and Africa.
Stock Market Live: RCom Says DoT Invoked Bank Guarantees
Reliance Communication said the Department of Telecommunications has communicated with banks over invocation and encashment of financial bank guarantees linked to deferred spectrum payments.
- Guarantees were furnished by various banks on behalf of Reliance Communication.
Stock Market Live: YES Bank Faces DoT Bank Guarantee Invocation
YES Bank is in focus after the Department of Telecommunications invoked bank guarantees linked to deferred annual spectrum payment obligations.
- Outstanding bank guarantees of Rs 281 crore had been issued in favour of DoT on behalf of a borrower.
Stock Market Live: HAL, Adani Defence And BEML Sign LCH Fuselage Pact
Hindustan Aeronautics has entered a manufacturing partnership that expands its collaboration with Adani Defence and BEML in the defence aerospace segment.
- Pact signed for manufacturing fuselage structures for Light Combat Helicopters.
Stock Market Live: Reliance Industries Partners With Rolls-Royce On AMCA Engine
Reliance Industries has signed an intent to partner with Rolls-Royce to develop India's AMCA combat engine, adding an aerospace manufacturing angle to the stock's market setup.
- Plans to develop India's AMCA combat engine.
- Plans to establish an aerospace gas turbine complex.
Stock Market Live: Gold Rises 0.4% As Investors Track Middle East Developments
Gold traded around $4,390 an ounce as investors assessed developments in the Middle East and their impact on global markets.
Stock Market Live: US Equity Futures Trade Little Changed
Dow Jones futures rose 11 points, or 0.02%. S&P 500 futures gained 0.1%, while Nasdaq-100 futures advanced 0.2%.
Stock Market Live: S&P 500 Posts Third Weekly Gain Despite Friday Decline
The S&P 500 reached a record high and posted its third straight weekly gain after the earnings season. The index ended Friday lower as US consumer spending showed signs of slowing.
Stock Market Live: Oil Holds Steady After 6% Weekly Gain
Brent crude traded below $89 a barrel after gaining about 6% last week, while West Texas Intermediate held near $82.
Stock Market Live: Japan’s Economy Grows 1.1% In Second Quarter, Misses Estimates
Japan’s economy expanded at an annualised rate of 1.1% in the second quarter, below economists’ estimate of 2%. Growth slowed from 2.1% in the previous quarter as domestic demand weakened despite higher exports.
Stock Market Live: Asian Markets Open Mixed As Investors Track Japan Growth, Middle East
Japan’s Nikkei 225 rose 0.38%, while Australia’s ASX 200 declined 0.37%. South Korean markets remained closed for a holiday.
Stock Market Live: GIFT Nifty Trades At 24,404 After Benchmarks Snap Two-Week Gain
GIFT Nifty traded at 24,404, indicating the opening trend for the Nifty 50.
The Sensex and Nifty 50 fell 0.6% each last week as geopolitical tensions kept sentiment cautious. On Friday, the Nifty 50 closed 29.85 points lower at 24,366, while the Sensex declined 70.71 points to 78,009.25.
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