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Wall Street opened sharply lower as investor sentiment weakened on renewed concerns over heavy AI spending following Big Tech earnings. Rising oil prices tied to escalating Middle East tensions added pressure. Major indices including the Dow, S&P 500, and Nasdaq posted steep early losses, reflecting risk-off mood across global markets.
Motilal Oswal Financial Services posted a 10% year-on-year rise in Q1 FY27 net profit to Rs 1,273 crore, driven by robust growth in its asset management and wealth businesses. Revenue climbed 25%, while AUM crossed Rs 2.12 lakh crore, reflecting strong momentum across its diversified financial services franchise.
Indian benchmark indices extended losses for a fourth straight session as rising oil prices, driven by escalating US-Iran tensions, weighed on sentiment. Analysts warned of inflation risks, weaker market momentum and continued volatility, with Nifty facing resistance near the 24,000 level.
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Infosys ADRs fell over 4% after the IT major trimmed the upper end of its FY27 revenue growth guidance despite reporting higher June-quarter profit and revenue. Investors remained concerned over weak discretionary demand, slower constant currency growth and cautious client technology spending.
Infosys Q1 Results: IT services major Infosys reported 12% year-on-year (YoY) growth in its consolidated net profit at Rs 7,769 crore in the first quarter of FY27. The same stood at Rs 6,921 crore in the last year quarter. Revenue from operations in the reporting period increased 14% YoY to Rs 48,211 crore.
Interglobe Aviation Q1 Results: IndiGo reported a net loss of Rs 238 crore in Q1FY27, compared with a profit of Rs 2,176 crore a year ago, as sharply higher operating costs outweighed strong revenue growth. Revenue from operations rose 20% year on year to Rs 24,584 crore, while total expenses surged 34%, driven largely by…
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Aastha Spintex approved a 1:1 bonus issue and Re 0.10 final dividend for FY26, subject to shareholder approval. The microcap textile firm also cleared plans to expand into grey fabric manufacturing, even as its shares remain below the IPO price after listing.
Ace investor Rekha Jhunjhunwala sharply cut her promoter stake in Star Health to 3.04% from 15.57% during the June quarter of FY27, implying a sale of nearly 7.38 crore shares. The latest shareholding pattern also showed the promoter holding under Rakesh Jhunjhunwala and Associates fell to nil. Star Health is a Chennai-based health insurer.