Despite heightened geopolitical tensions between the United States and Iran, Indian equity markets are indicated to open on a positive note on Thursday after witnessing a sharp decline on Wednesday amid global uncertainty.
According to early market indicators, GIFT Nifty traded about 0.35 percent higher in pre-open trading, signalling a positive start for domestic equities. However, market participants are expected to monitor global developments, foreign investor activity and fluctuations in crude oil prices, which could influence investor sentiment during the trading session.
Analysts said escalating tensions in the Middle East could affect global investors' risk appetite. Alongside international developments, investors will also track the first-quarter (Q1) financial results of several major companies, which could play a significant role in determining market direction.
Several companies are scheduled to announce their Q1 results for FY2026-27 on Thursday. Market focus will remain on Tata Consultancy Services (TCS). Other companies reporting earnings include Anand Rathi Wealth, Asian Hotels (East), Cupid Breweries & Distilleries, Aimco Elecon (India), GM Breweries, Gujarat Hotels and Supreme Infrastructure India.
The financial results are expected to provide an indication of current business conditions across their respective sectors, along with management outlooks for the coming quarters.
Tata Steel reported in its operational update that crude steel production in India increased 11.3 percent year-on-year to 5.82 million tonnes, while domestic deliveries rose about 8.8 percent.
Phoenix Mills reported a 32 percent increase in consumption across its retail portfolio to ₹4,727 crore. The company said most of its projects recorded double-digit growth, while commercial office leasing also remained firm.
SML Isuzu reported an approximately 5 percent increase in total commercial vehicle sales for June, although exports registered a significant decline.
State Bank of India (SBI) said its asset management subsidiary has filed the required documents for its proposed initial public offering (IPO).
JSW Energy announced the addition of 1,081 MW to its renewable energy capacity, taking its total installed power generation capacity to 14,535 MW.
Graphite India has decided to shut down its specialty and coating business in Germany.
NALCO and NLC India have agreed to establish a 50:50 joint venture to develop a 1,080 MW thermal captive power plant at Angul in Odisha.
TVS Motor Company and Indian Oil Corporation announced a strategic partnership to improve the efficiency and sustainability of last-mile LPG cylinder deliveries.
HFCL introduced a new brand identity, "OptiQ AI", for its integrated optical connectivity solutions portfolio, developed to address the requirements of emerging technologies including artificial intelligence, cloud computing and hyperscale data centres.
Analysts said investors are expected to closely monitor global geopolitical developments, corporate earnings, foreign institutional investor (FII) activity and trends in global markets.
