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Renol Polychem s IPO is set to launch on Thursday. Investor confidence is high, supported by robust financial performance. The IPO aims to raise Rs 26 crore through a fresh issue of shares. Anchor investors have already committed Rs 4.03 crore. The funds will be used for capital expenditure, working capital, and debt repayment.

Kaynes Technology posted a 49.96% year-on-year jump in consolidated net profit at Rs 74.61 crore for the quarter ended June 2025, driven by strong operational performance. Revenue rose 33.63% to Rs 673.46 crore, while profit before tax climbed nearly 50% to Rs 96.08 crore.

Motilal Oswal anticipates a recovery in NSE’s growth despite a weak Q1FY26. While revenue dipped 11% YoY, profit rose 14%. New product launches, shifting expiry dates, and tech expansion are expected to aid momentum ahead of its IPO.

ITC is expected to post modest Q1FY26 earnings with flat to slight growth in PAT and EBITDA. Margin pressure in FMCG and paper may offset gains from stable cigarette and agri business performance, according to top brokerage estimates.

Indian markets closed lower on Thursday. Strong Q1 results lifted Sagility, Kaynes, HEG, and Emami, while Apar Industries, Relaxo, and Hindustan Copper declined amid profit booking and weak sentiment.

Indian markets recovered partially on Thursday but closed lower, with the Sensex down nearly 300 points and Nifty50 below 24,800. FMCG stocks gained while healthcare, metals, oil & gas, and telecom saw selling. Schneider Electric hit a 52-week high.

Coal India Q1 Results: State-owned coal miner Coal India reported 20% YoY decline in its consolidated net profit at Rs 8734 crore in the first quarter. Revenues too fell 4% YoY to Rs 35,842 crore in the same period.

President Trump s 25% tariff on Indian exports poses significant economic challenges, impacting key sectors like textiles, gems, and electronics. Businesses face margin pressures and potential job losses, while the RBI grapples with balancing interest rates amid global volatility. Despite these headwinds, India s strategic importance in global supply chains offers some resilience.

Insurance firms trimmed stakes in nine Nifty500 stocks from March to June 25, reflecting cautious outlooks or portfolio shifts, with notable cuts in Divi’s, Lupin, Apollo, and Marico.

Swiggy reported a Q1FY26 loss of Rs 1,197 crore despite a 54% YoY revenue rise. The company is reassessing its 12% stake in Rapido over a conflict of interest. Key focus areas include food delivery margins, Instamart expansion, and affordability initiatives like the 99-Store to drive user growth.