Market News

Bharat Coking Coal Ltd’s Q3 revenue fell about 25% year-on-year, while the Coal India subsidiary reported a net loss of ₹23 crore, weighed down by lower sales and weaker demand. The results reflect pressure on earnings despite efforts to improve operations and output.

Eternal shares jumped sharply after Jefferies added the stock to its India model portfolio, citing improved foreign investor sentiment following the India-US trade deal.

Mutual funds are expected to continue selling Indian government bonds despite relief from a potential U.S. – India trade deal, as they rebalance portfolios and lock in gains after recent rallies. The selling could keep bond yields elevated despite supportive macroeconomic cues, highlighting cautious positioning by domestic funds.

Indian auto ancillary stocks surged up to 20% after the India–US trade deal sharply cut US tariffs and removed punitive duties, boosting export earnings visibility. Balkrishna Industries, Bharat Forge and Sona BLW led gains, as investors priced in stronger margins, improved competitiveness, and sustained foreign inflows across export-linked sectors.

Adani Ports reported a blockbuster Q3, with profits increasing by 21% and revenues by 22%, fueled by strong cargo volumes, a thriving logistics sector, and global expansion, leading to a guidance upgrade and bolstering its long-term growth narrative.

JPMorgan is finalising plans for a new index tracking local currency bonds from frontier markets, responding to rising investor demand for higher-yielding debt

Reliance climbed while Adani Group firms gained as much as 13% after the India-US trade pact reduced tariffs and lifted market sentiment.

Indian IT stocks fell by up to 8%, erasing ₹2 lakh crore due to AI disruption fears and weak global tech signals. This raises a big concern: is this a temporary shock or a structural shift?

US President Donald Trump has said India will increase purchases of Venezuelan oil, potentially replacing part of its Russian crude imports as part of broader energy and trade discussions. However, Indian refiners have highlighted practical difficulties in boosting Venezuelan oil imports, including logistical challenges and refinery suitability, which make large-scale purchases harder to execute quickly.

Shares of Varun Beverages Ltd fell about 3% in trading even after the company reported a strong quarterly performance, with consolidated profit rising sharply and revenue growing on higher volumes, reflecting a positive operating trend that hasn’t fully translated into stock gains.

HAL shares fell 5.7% to ₹4,217 after missing the shortlist for India’s ₹15,000 crore AMCA prototype fighter jet programme, where 3 private firms advanced. The project involves 5 prototypes, a likely 120-aircraft initial order, and induction targeted around 2035.

The Indian National Rupee witnessed a significant surge against the US Dollar on Tuesday to close at 90.26 per dollar. Experts attribute the announcement of the India-US trade deal as the main reason behind this.