Kalyan Jewellers shares rose sharply on Wednesday after the company reported an estimated 38% year-on-year growth in consolidated Q1 revenue, driven by robust demand in India and strong same-store sales. Its international business and digital jewellery platform Candere also posted healthy growth, despite the seasonal impact of Adhik Maas.
Knack Packaging achieved a strong market debut, listing at a premium. Experts recommend holding the stock for potential further gains. Investors can consider accumulating shares on dips after reviewing performance. The company manufactures printed and laminated woven polypropylene bags for various industries. Knack Packaging exports its products to seventy-one countries globally.
Bitcoin slipped below $63,000 after a brief rally above $64,000 as investors remained cautious and avoided aggressive bets on altcoins. Analysts said the cryptocurrency is consolidating near key resistance levels, while softer ETF demand, geopolitical uncertainty and mixed technical signals continue to weigh on broader market sentiment.
Indian government bonds experienced a decline in early trading on Wednesday. This downturn followed Middle East tensions that pushed oil prices higher. The benchmark bond yield rose, ending a recent period of decline. Foreign investors continue to provide strong support through significant debt purchases. Overnight index swap rates also started the session with a paying bias.
Oil-sensitive Indian stocks tumbled significantly after US airstrikes on Iran. Crude oil prices climbed as sanctions on Iranian sales were reinstated. These events reignited concerns over Middle East stability and potential supply disruptions. Shipping through the Strait of Hormuz remains vulnerable, impacting global energy supply routes. Analysts expect oil inventories to stay under pressure until Gulf supplies resume.
Revenue growth is expected to remain healthy across segments, with large-, mid-, and small-cap companies likely to report sales growth of 17%, 15%, and 16% YoY, respectively.
Motilal Oswal expects 44 companies, including Bharti Airtel, Trent, IndiGo, HAL, GAIL and Cipla, to report double-digit year-on-year profit declines in the June quarter. Higher energy costs, weaker demand, geopolitical tensions and margin pressure are expected to weigh on earnings, even as overall corporate profit growth slows in Q1.
Shares of Samsung Electronics and SK Hynix rebounded after an early sell-off as investors bought into the dip, supported by expectations of tight memory chip supply and optimism over AI demand. Analysts, however, cautioned that memory pricing growth could moderate later in 2026 despite favourable near-term industry fundamentals.
On July 7, four Nifty500 stocks closed more than 1% above their VWAP levels, indicating improving buying interest and positive intraday sentiment. A close above the Volume Weighted Average Price is often viewed as a short-term bullish signal, reflecting sustained demand and the potential for further upside, according to technical scan data.
Uno Minda is expanding into four-wheeler passenger vehicle seating systems. A new manufacturing facility will be established in Maharashtra. This facility represents a significant capital expenditure for the company. Operations are expected to begin in the fourth quarter of FY28. The company has secured an anchor order from a leading OEM.
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