Tata Elxsi’s Q1 FY27 results showed year-on-year revenue and net profit growth of 14.46% and 18.17%, while net profit fell 22.58% quarter-on-quarter and gross margin narrowed sharply by 330 basis points. The stock fell 6.1% on the day to a 52-week low. Brokerages including JP Morgan, Kotak, Motilal Oswal and Elara Capital cut earnings estimates and kept neutral or sell calls, citing weak demand in automotive and medical devices, pressure on Europe-linked business and sticky transition costs. The developments were seen as a clear near-term negative trading catalyst for the stock.

L&T Technology Services reported higher results for the quarter ended June 2026, with consolidated net profit rising 12.9% year on year to ₹357.1 crore and revenue from operations up 11.47% to ₹2,940.1 crore. The company also announced a partnership with Anthropic to integrate Claude models across engineering processes and its AI-powered platforms. The updates helped lift LTTS shares 4% in a single session. Several brokerages kept or raised their ratings, while some cut target prices to account for forex losses.

Geopolitical tensions involving Iran lifted Brent crude above $84 a barrel, while the Indian rupee weakened past the 96 level against the US dollar. The moves pressured India’s benchmark indices, with the Sensex and Nifty50 extending losses in afternoon trade to 0.58% and 0.56%, respectively. HCL Tech and HDFC Life were among the top drags, while defensive names such as Bharti Airtel and Cipla advanced. Investors are also watching US CPI data due this week and remarks from Federal Reserve officials.

ICICI Prudential AMC reported Q1FY27 profit after tax of ₹9.65 billion, up 23% year-on-year but below street estimates of around ₹10.25 billion. The miss was driven by employee expenses, which jumped 45% quarter-on-quarter to ₹2.04 billion amid ESOP costs and a reversal of provisions in the prior quarter. Total mutual fund quarterly average AUM rose 18% year-on-year to ₹11.17 trillion, while management said SEBI’s recent expense ratio revisions had no earnings impact. The stock fell 2.11% to ₹3,138.10 on the NSE as of 10.34 am.

India’s soybean imports in the 2025-26 oil year (October-September) rose to 7.77 lakh tonnes by the end of June, compared with 2,000 tonnes in the previous season. The Soybean Processors Association of India (SOPA) has estimated full-year imports at 9 lakh tonnes. It also expects soybean meal exports to ease to 10 lakh tonnes from 20.23 lakh tonnes last season, citing higher domestic prices.

India’s market regulator SEBI has approved the IPO application of B2B manufacturing platform Zetwerk. The offering is set to combine a fresh share issue with sales by existing shareholders, with Kotak Mahindra, JM Financial, Avendus, Pantomath and the Indian units of HSBC, Morgan Stanley and Goldman Sachs as bookrunners. The company is seeking a $50–60 million pre-IPO funding round at a $3 billion valuation. The approval did not include deal-sensitive details such as issue size, pricing or a timeline.

India’s soybean planted area is projected at about 120.7–122.0 lakh hectares, up 5–7% from 2025, with sowing 80–90% complete. In key producing states—Maharashtra, Madhya Pradesh and Rajasthan—progress is running ahead of official counts, and SOPA estimates 100.31 lakh hectares had been sown nationwide as of July 8. Spot soybean prices of ₹6,700–6,900 per quintal are well above the 2026–27 MSP of ₹5,708, while rainfall has been broadly supportive and crop conditions are normal. The development is influencing physical and futures markets and is a near-term bullish driver for SUSSoybean Futures (SUS).

Zinc futures (July) rebounded from support at ₹350 and moved above the trendline resistance at ₹367 and the psychological level at ₹372. The contract is trading around ₹374/kg and is holding above its 21-day and 50-day moving averages. The chart setup points to a move toward ₹390, with a potential extension to ₹400 if ₹390 is breached. Support is seen in the ₹367–₹363 zone, and a break below ₹363 could open the way to ₹357–₹350.

US President Donald Trump said an interim peace deal signed with Iran in June was “over” and that he did not want to engage with Tehran. Iran’s Revolutionary Guards then said they targeted US military bases in Bahrain and Kuwait. Spot gold fell 1.02% to $4,063.67 per ounce, its lowest since July, while crude oil rose more than 5%. Markets also priced in higher US rates, with the probability of a September Fed hike rising to 66%.