Market

Benchmark Sensex and Nifty surged on banking and oil shares, positive Asian markets, and U.S.-Japan trade deal optimism. Source

Axis Bank saw a sharp rise in slippages during the quarter. Gross slippages at the end of June stood at ₹8,20 crore, compared to ₹4,805 crore at the end of the March quarter and ₹4,793 crore during the same quarter last year. Source

Infosys raises FY26 revenue guidance, reports strong Q1 performance with growth in profit and revenue. Source

Axis Bank CFO Puneet Sharma stated on the earnings call that the full book of the bank was reassessed in the first quarter, and that the impact in the subsequent quarters will be minimal. Source

Rupee weakens against dollar due to strong American currency, outflow of foreign funds, but cushioned by lower oil prices. Source

The NSE companies that gained the most included Shriram Finance Ltd (9.52 per cent), Cipla (5.76 per cent), Divi’s Laboratories (5.39 per cent), Bharti Airtel (4.32 per cent) and Apollo Hospital (4.14 per cent). Source

Rupee strengthens against dollar amid trade uncertainty, equity market decline, and foreign fund outflows, impacting forex market. Source

The IPO will open on August 2 for subscription and close on August 6. Investors can bid for a minimum of 197 equity shares and in multiples of 197 equity shares thereafter. Source

Sensex and Nifty decline amid profit-taking, Infosys reports strong earnings, India and U.K. to sign trade agreement. Source

Reliance Industries, Tata Motors, Infosys, Mahindra and Mahindra, Bajaj Finance and Axis Bank were the laggards. Source