Latest Stock Market News

MRPL reported a net loss of Rs 271 crore in Q1FY26, reversing from a profit last year. Revenue and refining margins declined sharply. The company’s Gross Refining Margin (GRM), a key indicator of profitability in the refining business, dropped to $3.88 per barrel from $4.70 per barrel year-on-year, highlighting the pressure on MRPL’s core operations.

Ircon International s shares saw a rise following the acquisition of contracts valued at Rs 755.78 crore. A joint venture with RVNL secured a project, with Ircon s share at Rs 529.04 crore. MMRDA awarded Ircon contracts for Mumbai Metro Lines 5 and 6. The company s Q4 net profit saw a slight decline.

China held its lending rates steady amid Q2 growth surprise, but deflation and weak demand may still prompt future easing.

Arvind Sanger from Geosphere Capital Management suggests markets are beginning to acknowledge the potential for sustained high tariffs, exceeding previous expectations. The uncertainty surrounding trade deals with major economies like Japan, the EU, and India, coupled with concerns about the Federal Reserve s interest rate policy, is creating turmoil.

Anthem Biosciences share price: Anthem’s IPO did not include a fresh issue, with all proceeds going to existing shareholders. Prior to the IPO opening, anchor investors had already invested Rs 1,016 crore.

U.S. retailers usually finalise holiday orders and pricing. But this year, they re caught in a maze of changing tariffs and trade policies, delaying key decisions.

WoodenStreet, backed by WestBridge Capital, aims to quadruple its revenue in three years by expanding its mattress and modular furniture businesses and tripling its store count. The company, which recently raised $43 million, is targeting profitability and a potential IPO amidst India s growing furniture market. CEO Lokendra Ranawat emphasizes building a sustainable, independent brand, dismissing acquisition possibilities.

Financial Benchmark India has shifted the publication time of the Mumbai Interbank Offer Rate (MIBOR) to 12:45 p.m. IST, effective August 4. This adjustment aligns with the computation of MIBOR using the first three hours of trading data, enhancing the benchmark s representativeness.

Waaree Renewable Technologies shares plunged 6.2% following a U.S. petition seeking tariffs on solar panel imports from India, Indonesia, and Laos. The petition alleges dumping and unfair subsidies, impacting Indian manufacturers. Despite this, Waaree reported a strong Q1 with a 205% jump in net profit to Rs 86.44 crore and a doubling of revenue. The U.S.