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.

Bitcoin held above $118,500 and Ethereum outperformed on strong ETF inflows and institutional interest. Market sentiment remained cautiously bullish despite Fed-induced volatility. Regulatory updates offered partial clarity, while mixed altcoin performance reflected cautious optimism. Traders are watching macroeconomic signals, including geopolitical risks and U.S. tariff developments.

Indian markets initially stumbled but recovered following Trump s tariff announcement, with export-heavy sectors like textiles, pharma, and auto facing the brunt. While some companies anticipate minimal impact, others, particularly in textiles and solar, brace for significant challenges. Pharma faces complex tariff equations, while IT anticipates indirect effects. Refiners may need to diversify sourcing, and the metal sector awaits clarity.

Japan s Nikkei share average gained on Thursday as the Bank of Japan kept interest rates steady as was widely expected, while revising up inflation forecasts.

European shares edged higher on Thursday, helped by a slate of upbeat corporate updates, with investors keeping an eye on last minute trade deals after U.S. President Donald Trump issued a blitz of tariff announcements.

The Rs 254.26 crore initial public offering (IPO) of Laxmi India Finance fully subscribed on the final day of the subscription period, registering an overall subscription rate of 1.05 times.