HDFC Bank s first quarter results show a familiar seasonal dip in fees from distributing third-party products. Cost of funds saw a slight decrease. Loan yields experienced a larger drop due to faster repricing of market benchmark loans. The bank is closely monitoring corporate lending. Larger companies are liquid, leading to competitive rates.

BSE shares: According to a report, Jane Street has received official confirmation from SEBI that the restriction on its access to Indian securities markets has been lifted.

Seth R Freeman observes that investors are turning to gold amidst a weak dollar and a risky environment, but the surge in Bitcoin interest is particularly noteworthy. Despite tariff concerns, optimism about earnings persists, though the impact of potential Fed rate cuts and summer trading volumes remains uncertain. Layoffs at major companies like Daimler signal potential economic retraction.

Axis Bank shares faced a dip of 2.4% after Q1FY26 results. The bank s net profit fell 4% to Rs 5,806 crore. This was due to a sharp rise in provisions for bad loans. The Reserve Bank of India s intervention led to this increase. RBI flagged Axis Bank s lenient policies on stressed loans. This prompted corrective action, impacting the bank s profitability.

Indian government bonds saw a slight increase early Monday. Traders are anticipating a rate cut by the Reserve Bank of India, possibly in August. Foreign banks are buying bonds, while mutual funds and state-run banks are selling. The Reserve Bank of India s monetary policy decision is expected on August 6. India s retail inflation rate has decreased in June.

Paytm is anticipated to achieve profitability in Q1 FY26, projecting a PAT of over Rs 18.9 crore, driven by robust payments and financial services. Revenue is expected to increase by 27% year-on-year, while margins may face pressure from rising payment processing charges and increased expenses. Investors will closely monitor margin sustainability, FLDG impact, and UPI monetization strategies.

MRPL reported a net loss of Rs 271 crore in Q1FY26, reversing from a profit last year. Revenue and refining margins declined sharply. The company’s Gross Refining Margin (GRM), a key indicator of profitability in the refining business, dropped to $3.88 per barrel from $4.70 per barrel year-on-year, highlighting the pressure on MRPL’s core operations.

Ircon International s shares saw a rise following the acquisition of contracts valued at Rs 755.78 crore. A joint venture with RVNL secured a project, with Ircon s share at Rs 529.04 crore. MMRDA awarded Ircon contracts for Mumbai Metro Lines 5 and 6. The company s Q4 net profit saw a slight decline.

China held its lending rates steady amid Q2 growth surprise, but deflation and weak demand may still prompt future easing.

Arvind Sanger from Geosphere Capital Management suggests markets are beginning to acknowledge the potential for sustained high tariffs, exceeding previous expectations. The uncertainty surrounding trade deals with major economies like Japan, the EU, and India, coupled with concerns about the Federal Reserve s interest rate policy, is creating turmoil.