Yes Bank Q1 Results: The private lender’s net interest income, which is the difference between interest earned and interest expenses, rose around 17.5% YoY to Rs 2,786,46 crore during the first quarter of the ongoing financial year, as against Rs 2,371.47 crore in the year-ago period.
Axis Bank Q1 Results: The private lender’s net interest income (NII), meanwhile, rose more than 8% YoY to Rs 14,646 crore during the first quarter of the ongoing financial year 2027, from Rs 13,560 crore reported in the same period last year.
The IPO market will remain active next week with five public issues opening for subscription, including mainboard offerings from Xtranet Technologies and Cube Highways Trust InvIT. Investors will also watch four listings, led by SBI Funds Management, as strong demand and healthy grey market premiums keep primary market sentiment buoyant.
European stocks edged lower Friday, influenced by a global tech sell-off and Middle East tensions. Investors await the European Central Bank meeting and corporate earnings reports next week. Rising oil prices and subdued reactions to strong results complicated the market backdrop. Tech stocks experienced a significant decline this week, impacting major AI beneficiaries. Utilities and defense sectors saw gains, while luxury brands faced headwinds from reduced tourist spending.
Gold prices saw an increase on Friday, driven by escalating U.S.-Iran tensions. These geopolitical events fueled energy prices and inflation concerns, impacting market sentiment. Higher inflation fears reinforced expectations of potential U.S. interest rate hikes by the Federal Reserve. While gold is a hedge against inflation, higher rates typically pressure the non-yielding metal. Other precious metals like silver, platinum, and palladium also experienced weekly losses.
Oil prices climbed significantly on Friday, reaching their highest point in over a month. Escalating hostilities between the United States and Iran intensified attacks across the Gulf region. Shipping routes face potential closure, impacting global oil flows and prices. Saudi Arabia has redirected significant crude exports to avoid the Strait of Hormuz. Ukraine also reported striking a Russian oil refinery in its conflict.
Czech Finance Ministry will reduce planned bond issuance by 130 billion crowns. This decision follows strong demand for retail bonds offered recently. Overall gross borrowing needs for 2026 remain largely unchanged. Two more retail bond offerings are scheduled for later this year. This comes after 74 billion crowns sold in the first round.
Longer-dated U.S. Treasury yields declined on Friday after recent economic data. Markets largely priced out a Federal Reserve rate hike for this month. Import prices increased unexpectedly, while consumer and producer prices showed moderation. Geopolitical worries and hawkish Fed comments added to market uncertainty. Bond yields moved lower, suggesting a flight to safety amid rising oil prices.
Xtranet Technologies will launch its Rs 166.8 crore IPO on July 23 at a price band of Rs 120-127 per share. The issue, comprising a fresh issue of 1.31 crore shares, will fund debt repayment, capital expenditure and working capital, with listing scheduled on July 30.
Wall Street declined as AI-driven chip stocks extended losses, triggering broader risk-off sentiment. Semiconductor shares saw sharp weekly declines, while energy stocks gained on rising oil prices amid Middle East tensions. Despite strong early earnings, including bank results, weak forecasts from companies like Netflix weighed on investor confidence.
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