Shares of Balkrishna Industries jumped 8% after the tyre maker reported a 50% year-on-year rise in June-quarter net profit, driven by strong volume growth. The company also outlined ambitious 2030 growth targets backed by a Rs 6,800 crore capex plan.
Microsoft beat quarterly estimates as strong Azure cloud growth and rising AI adoption boosted revenue, earnings and guidance, while growing Copilot usage and improving AI returns strengthened investor confidence in its long-term outlook.
Valuation expert Aswath Damodaran has criticised excessive quarterly disclosures, calling it “disclosure diarrhoea†that fuels short-termism and earnings games. The NYU professor argues for leaner reporting focused on meaningful information rather than reducing transparency.
The Bank of England is expected to hold its benchmark interest rate at 3.75% as policymakers assess inflation risks from geopolitical tensions, energy prices and a slowing labour market. Investors will track the central bank’s guidance on future rate moves.
Bitcoin hovered near $64,000 after the US Federal Reserve kept interest rates unchanged at 3.50%-3.75%, while futures open interest climbed to a two-month high, signalling higher leveraged activity. Bitcoin traded at $64,062, up 0.26% in 24 hours, while Ethereum slipped 0.07%. Among major altcoins, BNB, Solana and Tron gained, whereas XRP, Dogecoin and Cardano declined.
Arm Holdings beat quarterly revenue and earnings estimates and issued a stronger-than-expected revenue forecast, supported by robust demand for AI infrastructure and data centre chips. However, the stock fell nearly 7% in after-hours trading after the company warned of softer smartphone royalty growth, overshadowing optimism around its expanding AI business.
Shares of Waaree Energies fell nearly 6% to Rs 2,581.70 despite posting a strong Q1FY27 performance. Consolidated net profit rose 15.39% YoY to Rs 891.87 crore, while revenue jumped 79.22% to Rs 7,931.79 crore. A record order book of Rs 61,500 crore continues to bolster future visibility.
Thangamayil Jewellery shares hit the lower circuit, extending losses to 19% in two sessions after the company warned of a weak Q2 FY27. The jeweller said sales showed no visible improvement in the first 28 days of the quarter due to geopolitical uncertainty and customers delaying purchases amid expectations of lower gold prices.
KPIT Technologies shares tumbled 7% to Rs 592 on the BSE after posting a 32% YoY drop in Q1 FY27 net profit to Rs 117 crore. Operating margins contracted to 17.2% amid client pressures and guidance slowdowns, despite management expressing confidence in H2 recovery.
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