India has increased the special additional excise duty (SAED) on diesel exports to ₹25.5 per litre from ₹15.5 per litre, under a regular review mechanism introduced on March 27 to ease domestic supply pressures amid tensions in West Asia. SBI Funds Management reported total income of ₹1,385 crore for the June quarter, up 5% year on year. Revenue from core operations rose about 3% to ₹8,124 crore. The duty change is set to affect Indian refiners and oil-and-gas exporters such as ONGC.

Indian equities opened higher on July 31, with the S&P BSE SENSEX closing at 77,928.15, up 0.035%, and the NSE NIFTY50 ending at 24,317.15, up 0.28%. US stocks rose across the board, led by a 2.8% jump in the Nasdaq, after Microsoft’s shares strengthened and lifted sentiment in global chip stocks. Asia traded higher with South Korea’s KOSPI up 14% and Japan’s Nikkei up 4%, while China A-shares and Hong Kong stocks moved in different directions. The article notes that Swiggy’s financial figures are in consumer tech and are not a direct driver of the major equity indices.

This is a pre-market briefing for India equities on July 29, highlighting six stocks to watch: Inox Wind, L&T, Vedanta Power, Vedanta Oil and Gas, Asian Paints and Waaree Energies. GIFT NIFTY futures indicated the NIFTY50 could open 123 points higher. The note also flags scattered updates including L&T’s quarterly revenue and profit year-on-year figures, an Inox Wind order worth ₹358.97 crore, and growth in IndiGo’s net interest income.

Tech Mahindra reported FY26 Q1 IT services revenue of $2.61 billion, down 1.4% QoQ but up 1% YoY, and said its growth outlook remains sustainable. ITI said it has received two BSNL 4G work orders worth more than ₹3,496 crore in total and posted Q1 net profit of ₹135 crore. CEAT reported Q1 net profit of ₹325 crore YoY and approved a ₹1,205 crore investment plan to expand capacity. Jio Financial Services said Q1 total income rose to ₹2,005 crore (+225% YoY) and interest income to ₹962 crore, while total expenses climbed to ₹1,016 crore.