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Wall Street s main indexes opened higher on Friday as U.S. President Donald Trump s temporary pick for a Federal Reserve governor post fueled expectations of a more dovish central bank board.

Equitas Small Finance Bank reported a ₹224 crore Q1FY26 net loss due to higher provisions in its microfinance portfolio. The lender took a one-time provisioning hit to buffer future stress, even as microfinance collections show signs of recovery.

OPEC s oil output rose further in July after an OPEC+ agreement to raise production, a Reuters survey found on Friday, although the hike was limited by Iraq making additional cuts and by drone attacks on Kurdish oilfields.

Infibeam Avenues on Friday said its profit after tax (PAT) rose over 70 per cent to Rs 85.50 crore in the June quarter mainly on the back of enhanced pricing control through AI deployment, which improved monetisation and merchant experience.

U.S. gold futures hit a record high on Friday amid uncertainty over whether country-specific U.S. import tariffs would apply to the most commonly traded sizes of gold bars.

Fusion Finance reported a ₹92.25 crore net loss in Q1FY26, marking its fifth consecutive quarterly loss. It breached covenants on ₹3,567 crore in borrowings and is seeking lender waivers to continue operations amid declining assets and margins.

Tata Motors reported a 63% YoY decline in consolidated net profit to ₹3,924 crore in Q1, hit by US tariffs, weak demand, and legacy Jaguar model phase-out. Revenue dipped 2.5%, and EBITDA fell nearly 36%, signaling profitability pressure.

BlueStone Jewellery and Lifestyle garnered over Rs 693 crore from anchor investors ahead of its IPO launch. The IPO, opening August 11, includes a fresh issue of Rs 820 crore and an offer for sale of Rs 720.65 crore. Proceeds will fund working capital and general corporate needs as the company aims to further expand its retail presence across India.

Mallavarapu Venkata Apparao, a promoter of Centum Electronics, divested a 4.53 percent stake in the company. The sale occurred through an open market transaction, generating Rs 153 crore. HDFC Mutual Fund acquired a 1.5 percent stake. 3P Investment Managers, through its affiliates, secured a 2.04 percent holding. The transactions impacted shareholding percentages.

Silver Consumer Electricals Ltd has filed papers with Sebi to raise ₹1,400 crore through an IPO. The IPO includes a fresh issue of ₹1,000 crore and an OFS of ₹400 crore. The company intends to use ₹865 crore from the fresh issue to repay borrowings and ₹35 crore for its subsidiary, BAPL.