Vikas Khemani of Carnelian Asset Management suggests that while U.S. tariffs may cause short-term earnings uncertainty for Indian exporters, a major structural risk to the overall market is unlikely. The markets have largely priced in the potential impact of a 25% tariff, and India s strong domestic consumption and infrastructure development provide a buffer.

U.S. Treasury yields rose as Fed Chair Powell signalled no imminent rate cuts, keeping markets on edge with a data-dependent stance.

India s GMR Airports has finalised the terms of what would be its biggest corporate debt issue as it aims to raise more than 60 billion rupees ($685.13 million), three sources aware of the developments said on Thursday.

Sun Pharma Q1 Results: Cons profit falls 20% YoY to Rs 2,278 crore, revenue gains 10%

Smallcap stocks see a rise in share prices after strong June quarter results. Eight stocks rally between 10% and 50%. Vimta Labs, Infobeans Technologies, and others lead the surge. FIIs reduce holdings in some, while MFs increase stakes in others. Technical indicators show bullish signals for several stocks. This highlights recovery and expansion in the smallcap space.

Vedanta Q1 Results: Mining major Vedanta on Thursday posted its first quarter results for FY26, reporting a 11.7% year-on-year (YoY) decline in its consolidated net profit to Rs 3,185 crore. However, the company’s revenue from operations rose by 5.75% YoY to Rs 37,824 crore, up from Rs 35,764 reported a year ago.

Adani Enterprises Q1 Results: Adani Enterprises experienced a 45% profit drop in the first quarter, reaching Rs 976.48 crore. Revenue also decreased by 13.7% to Rs 21,961.20 crore. Lower trade volumes and index price volatility impacted performance. However, incubating businesses saw a 5% EBITDA increase, driven by Airports and Roads segments. Navi Mumbai Airport and other projects are expected to contribute to future EBITDA.

Nuvama Wealth Management shares fell nearly 4% after Income Tax officials searched its offices in connection with the Jane Street market manipulation case. Although not directly accused, Nuvama’s link as Jane Street’s Indian partner has spooked investors amid regulatory scrutiny.

Swaminathan Aiyar said that the notion of any special chemistry between Modi and Trump has proven to be overly optimistic. This move signals a tougher-than-expected trade environment for India.