Q1 earnings for Britannia, Apollo Tyres, Blue Star, and others are due August 6. US markets rallied on strong earnings. US economic data, including jo… 1/5
Q1 earnings tomorrow: Several listed companies are scheduled to announce their June quarter (Q1FY27) financial results on August 6.
Among the prominent names are Britannia Industries, Apollo Tyres, Blue Star, Aegis Logistics, Crompton Greaves Consumer Electricals, Edelweiss Financial Services, Emcure Pharmaceuticals, EIH, Coffee Day Enterprises, Campus Activewear and Finolex Industries. Investors will closely track these earnings for insights into sectoral performance, margin trends, demand outlook and management commentary for the remainder of the financial year. (Image: freepik)
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US markets rally: US stock markets opened higher on Wednesday, August 5, with the S&P 500 and Dow Jones Industrial Average hitting fresh intraday record highs as strong corporate earnings and optimism over a potential reopening of the Strait of Hormuz boosted investor sentiment. The S&P 500 gained 0.6%, while the Dow rose over 500 points, or 1%. The Nasdaq Composite added 0.4%. Walt Disney and Eli Lilly advanced after strong earnings, while SpaceX and AMD declined despite beating estimates.
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(Image: Bioreports)
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US data watch: A host of key US economic data releases is scheduled for August 6, with investors set to track indicators that could provide fresh clues on the health of the world’s largest economy. The releases include Challenger Job Cuts for July, Q2 preliminary Nonfarm Productivity, weekly Initial and Continuing Jobless Claims, and June’s final Wholesale Inventories data. The figures will be closely monitored for insights into labour market conditions, business activity, productivity trends and their implications for the US Federal Reserve’s policy outlook. (Image: Bioreports)
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Institutional Flow Watch: Foreign institutional investors (FIIs) remained net sellers in the Indian equity market on a provisional basis on Wednesday, offloading shares worth ₹943.42 crore. Meanwhile, domestic institutional investors (DIIs) continued to provide support to the market, emerging as net buyers with equity purchases worth ₹2,883.17 crore on a provisional basis. The strong domestic buying outweighed foreign selling, highlighting sustained participation from local institutional investors. (Image: AI)
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RBI GDP outlook: The Reserve Bank of India’s Monetary Policy Committee (MPC) has revised its FY27 GDP growth forecast to 6.7% from 6.6%, citing stronger-than-expected economic performance in the first quarter.
The central bank has projected Q1 FY27 growth at 7%, raised its Q2 forecast to 6.4%, while retaining its Q3 and Q4 projections at 6.5% and 6.8%, respectively. It has also estimated Q1 FY28 GDP growth at 7.3%. The RBI expects services, stable employment, robust credit growth and the government’s infrastructure push to support growth, although uncertainty over the southwest monsoon, El Niño, geopolitics and global trade policy continues to pose risks.
(Image: AI)
