Ambuja Cements Q1 Results: Cons profit rises 24% YoY to Rs 970 crore, revenue up 23%

A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security. This uptrend reflects an increasing number of participants either initiating new positions or expanding the size of their existing positions within the futures market.

Avanti Feeds, Apex Frozen Foods, and Waterbase Ltd witnessed steep declines as investors priced in concerns over a potential impact on exports. Avanti Feeds tumbled 6.6% to Rs 645, Apex Frozen Foods slipped 6.5% to Rs 225.05, and Waterbase fell 4.5% to Rs 49.16.

When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume.

The US has imposed a 25% tariff on India, a move seen as a pressure tactic to push India into trade negotiations. While surprising, it s viewed as manageable, with potential for Indian exporters and American importers to absorb the impact.

M&B Engineering s IPO saw strong demand, fully subscribed by Day 2 with an overall subscription of 110%. Retail investors showed significant interest, subscribing 4.18 times their quota. The IPO price is set at Rs 366–385 per share, with proceeds aimed at capital expenditure and debt repayment. Brokerages are positive, citing the company s strong fundamentals and growth potential.

The Indian markets may face negative sentiment due to potential US tariffs. Manishi Raychaudhuri suggests caution, citing uncertainty around exemptions for pharmaceuticals and electronics. The impact could be significant on auto, industrial components, pharmaceuticals, and garments. Ongoing trade talks between India and the US add to the fluid situation. Details about the tariff arrangement are still awaited.

The Fed held interest rates steady, offering no clarity on a September cut, as markets recalibrate expectations.