Trading in the Indian stock market begins a new week on Monday, with early indicators pointing to a potentially positive opening. GIFT Nifty was trading higher in early morning deals, providing an initial indication of gains for domestic equities. However, investors will monitor global risks, volatility in international markets, quarterly earnings and corporate updates for cues on market direction.
At around 7:30 am, GIFT Nifty was trading at 22,624.50, up approximately 22 points or 0.10%. The actual market direction will depend on investor buying activity, foreign investor movements and global cues after trading begins. According to market experts, investors need to remain cautious under the prevailing conditions.
Several companies are scheduled to announce their second-quarter financial results on Monday. These include HCL Technologies, ICICI Prudential Asset Management Company, RBL Bank, Adroit Industries (India), Plastiblends India, Swan Defence and Heavy Industries, and Swaraj Engines.
The results will provide details of their earnings, profitability and business performance. Investors may focus on revenue growth, margins and management commentary on business prospects.
Retail company Avenue Supermarts, which operates under the DMart brand, has reported growth in its financial figures. According to the available data, the company's profit increased 7.6% to Rs 803.6 crore from Rs 746.6 crore in the corresponding comparison period. Revenue rose 18.4% to Rs 19,206.2 crore from Rs 16,218.8 crore.
Separately reported figures for DMart show that profit increased 8.5% to Rs 743.6 crore, while revenue rose 17.8% to Rs 19,644 crore. These figures differ in terms of the company and reporting period. Investors should refer to the company's official quarterly report for an accurate comparison.
Canara Robeco Asset Management Company's profit increased 21.5% to Rs 59.2 crore from Rs 48.7 crore. Revenue rose 17% to Rs 121.6 crore.
Can Fin Homes reported a 9.2% increase in profit to Rs 274.6 crore. Its net interest income increased 6.65% to Rs 431.5 crore.
Anand Rathi Wealth reported a mixed performance, with profit declining 10.4% to Rs 88.96 crore, while revenue increased 15.7% to Rs 344 crore.
Canara HSBC Life Insurance Company's profit rose 5.5% to Rs 43.05 crore. Its net premium income increased 13% to Rs 2,553.2 crore.
Poonawalla Fincorp reported an increase in profit to Rs 374.85 crore, compared with Rs 74.2 crore in the corresponding comparison period. Its net interest income rose 75.7% to Rs 1,589 crore.
Lenskart Solutions may remain in focus amid a potential block deal. According to available information, Alpha Wave Ventures may sell approximately 1.6% of its stake in the company.
The proposed transaction has a floor price of Rs 640 per share and an estimated deal size of approximately Rs 1,691 crore. Investors will monitor the final terms and official confirmation of the transaction.
KEC International has announced new orders worth Rs 1,014 crore for its transmission and distribution business in India.
The orders include the company's first contract to establish a 765 kV transmission line to evacuate power from a pumped storage plant in western India.
E-commerce company Meesho has reported higher demand during its 'Mega Blockbuster Sale 2026'. According to the company, the number of orders on the first day of the sale was approximately 75% higher than in the previous year.
Order volumes exceeded 75,000 per minute within 15 minutes of the sale's launch. The impact of the reported demand on the company's revenue and profitability will be reflected in subsequent financial results.
Infosys has said it does not expect a significant impact on its business following the US Department of Labor's suspension of applications under the Permanent Labor Certification (PERM) programme.
The company reiterated its commitment to its employees, customers and communities in the United States and said it would continue to comply with applicable laws and regulations.
