Indian markets extended gains for a fourth straight session as Sensex jumped 521 points and Nifty closed above 24,430. Improved monsoon prospects, renewed FII buying, stable crude prices and optimism around earnings supported sentiment despite mixed global market cues.
Trent reported 19% year-on-year standalone revenue growth to Rs 5,666 crore in Q1FY27, driven by rapid Zudio expansion. The retailer ended June with 1,312 stores, including 982 Zudio outlets, reinforcing its strong value-fashion growth strategy despite intense competition.
The government plans to sell up to 5.04% of Cochin Shipyard shares. This offer for sale begins July 7 for institutional investors. Retail investors can bid on July 8, with a floor price set. A green-shoe option allows for a larger stake sale if demand is strong. This move supports the government's disinvestment program for the fiscal year.
The rupee weakened 20 paise to a three-week low of 95.39 against the dollar on Monday. Higher dollar demand, fresh arbitrage activity between onshore and offshore markets, and a stronger dollar index put pressure on the Indian currency.
Titan's consumer sector experienced a remarkable forty-one percent surge in the first quarter, driven by robust festival demand that significantly elevated sales in its jewellery division. The company also launched seventy-seven new stores, enhancing retail outreach. Notably, international markets such as North America and the GCC recorded impressive double-digit growth, while emerging businesses reflected a solid nineteen percent increase during this timeframe.
SK Hynix has launched a US share sale targeting about $28 billion through a Nasdaq listing, capitalising on AI-driven investor demand. The proceeds will fund semiconductor expansion, while the offering tests global appetite for high-growth AI infrastructure and chip companies.
Morgan Stanley has recommended a strategic pivot in market investments, directing attention from semiconductor stocks to AI-based giants such as Alphabet and Amazon. This shift is fueled by expectations of reduced rate hikes and a decline in oil prices, which favor sectors like consumer discretionary, transport, and biotech. As major players invest significantly in AI infrastructure, investors are seeking tangible outcomes, potentially signaling a downturn for chip stocks.
President Trump symbolically opened the stock market from the Oval Office, linking his presidency to market gains amid rising inflation. Despite claims of record-setting markets, only 33% approve of his economic leadership. The initiative promotes "Trump Accounts" for children's investments, highlighting that many families lack direct stock exposure, a benefit often seen in wealthier households. Inflation, however, continues to impact public approval.
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