Indian equity markets are expected to open on a mildly negative note on Monday, the first trading session of the week. At around 7:15 a.m., GIFT Nifty was trading 13 points, or 0.05%, lower at 24,342.
Market indicators suggest a cautious start to trading, although positive global cues may provide support to investor sentiment. Analysts said concerns over US interest rates have eased, and signs of improvement in the global economic environment could help sustain the medium-term trend in Indian equities.
With companies releasing their business updates for the June quarter (Q1 FY27), shares of several major firms are expected to remain in focus. The progress of the monsoon will also be closely watched, as below-normal rainfall could affect agriculture, rural demand, and consumer spending.
HDFC Bank reported a b operating performance for the June quarter. The bank's total gross advances increased 15.4% year-on-year to ₹30.61 lakh crore, while total deposits rose 14.7% to ₹31.70 lakh crore.
Kotak Mahindra Bank reported a 15.1% increase in net advances and an 11.7% rise in total deposits.
IndusInd Bank reported a 2.3% decline in net advances, while deposits increased 4.5%.
Yes Bank reported an 18.4% increase in loans and advances and a 14.3% rise in deposits. The bank's CASA also crossed the ₹1 lakh crore mark on a year-on-year basis.
Bandhan Bank, RBL Bank, IDBI Bank and Suryoday Small Finance Bank also reported growth in their loan books and deposits in their respective business updates.
Dabur indicated that it expects b consolidated revenue growth in the June quarter. The company said its FMCG business is expected to record approximately double-digit growth, with profit also projected to register double-digit growth.
Senco Gold reported a 60% increase in total revenue and a 48% rise in retail revenue. Sales of diamond jewellery also recorded significant growth.
L&T Finance reported a 36% increase in retail loan disbursements, while its retail loan book grew 28% to ₹1.27 lakh crore.
AWL Agri Business reported revenue growth of more than 20% in its food and FMCG business.
NBCC (India) received new projects worth a total of ₹132.28 crore from the Navodaya Vidyalaya Samiti and the Government of Odisha.
Shakti Pumps (India) and GK Energy secured new orders under the Maharashtra government's solar agricultural pump scheme for the supply of off-grid solar water pumping systems.
Vedanta Oil & Gas reported a 17% decline in its average daily production.
PTC India and NTPC Green Energy signed a 1,200 MW solar power purchase agreement.
Prestige Estates Projects signed an agreement to acquire a 50% stake in Advent Convention & Hotels International as part of its expansion in the hotel and hospitality business.
The manufacturing facility of Rubicon Research in Madhya Pradesh is scheduled for inspection by the US regulator.
ICICI Prudential Life Insurance announced that it has initiated the regulatory approval process for changes to its shareholding structure.
