Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Your mobile bills may go up by another 12-15% soon
Get ready for another telecom tariff hike, with prices expected to rise by 12-15% in the next three to four months. This comes as the market consolidates, favoring established players. Expect a slight increase in average revenue per user this quarter, driven by upgrades to 4G and 5G. Meanwhile, Reliance Jio and Bharti Airtel are set to gain more subscribers, while Vodafone Idea continues its 5G expansion.
Asian shares mixed, oil prices decline after Opec+ announces output hike
Asian shares and US futures were mixed on Monday following a long weekend on Wall Street, while selling of technology shares pulled benchmarks in Tokyo and Seoul lower. Oil prices slipped after OPEC+ announced Sunday that seven of its members plan to expand oil production by a combined total of 188,000 barrels per day in August. It was the fifth consecutive month OPEC+ members have agreed to raise output. The countries increasing their output are Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman. Uncertainty over supplies persists as talks with Iran aimed at fully reopening the Strait of Hormuz appear to be on hold during funeral ceremonies for Ayatollah Ali Khamenei, which will continue for several days. In energy trading early Monday, Brent crude, the international standard, lost 25 cents to $71.87 a barrel. US benchmark crude lost 10 cents to $68.59 a barrel. Japan's Nikkei 225 lost 0.4% to 69,468.17. Tech giant SoftBank Group Corp. declined 3.4%, while computer
Sobha gains after total sales value climbs 76% YoY in Q1 FY27
Sobha advanced 1.54% to Rs 1,463 after the company's total sales value jumped 75.88% YoY to Rs 3,656.1 crore in Q1 FY27, led by strong response for its new project launches, SOBHA OneWorld and Sacred Grove in Bangalore and SOBHA Crescent in Gurgaon.
Senco Gold jumps on strong business update
Senco Gold rose 4.78% to Rs 341.65 after the company reported a strong business performance in the first quarter of FY27, with total revenue rising about 60% year-on-year and 53% quarter-on-quarter.
Total automobile retail sales in India grew by 21.83% on year in June: FADA
Total automobile retail sales in India grew by 21.83 per cent year-on-year at 25,57,234 units in June, with the industry remaining cautiously optimistic going forward hoping for monsoon to make up for the deficit, Federation of Automobile Dealers Associations said on Monday. In June last year total automobile retail sales in India stood at 20,98,996 units, Federation of Automobile Dealers Associations (FADA) said in a statement. Passenger vehicles (PV) retail sales were at 4,10,853 units last month as compared to 3,19,412 units in June 2025, a growth of 28.63 per cent, it added.
Mumbai Local Trains Update: Services Between Karjat And Khopoli Suspended, Western Line Trains Delayed
Severe waterlogging between Vasai Road and Virar stations has forced Western Railway to run only a skeletal suburban train service on the stretch.
Bank of Maharashtra's total business rises 19% YoY to Rs 6.51 lakh crore
Bank of Maharashtra reported a 19% year-on-year (YoY) rise in its total business to Rs 6.51 lakh crore as of 30 June 2026.
India's auto retail sales record best-ever June performance across segments
Total vehicle retail sales reached 25,57,234 units in June 2026, registering 21.83% yearly growth and a 1.03% increase over May.
Kirloskar Oil Engines shares snap six-day losing streak after BofA Securities projects 26% upside
Kirloskar Oil Engines is now focused on executing its first hyperscaler project successfully, which Kirloskar said will help win more business in one of the fastest growing markets for power generation equipment.
Chola Securities’ Dharmesh Kant bets on banks, power; cautions on consumer valuations
Dharmesh Kant, Head Research at Chola Securities, says India's growth outlook remains strong, driven by robust demand, infrastructure execution and healthy credit growth. He remains positive on power equipment after further correction, prefers select private and PSU banks, sees value in pharma and hospitals, and is constructive on Mumbai-focused real estate. However, he advises caution on richly valued consumer stocks despite improving business fundamentals.
One tycoon makes millions from 'dark' journeys on a dangerous oil route while others feared Hormuz
Amidst the Persian Gulf war, the UAE secretly navigated its oil exports through the Strait of Hormuz using 'dark' ship transits. Korean shipping tycoon Ga-Hyun Chung's Sinokor Group played a pivotal role, leasing a significant portion of vessels for these risky "shuttle runs." This covert operation allowed the UAE to maintain pre-war export levels, capitalizing on surging oil prices and creating immense profits for Sinokor and its partners.
Poly Medicure among 4 stocks that closed below VWAP
Four Nifty500 stocks, Poly Medicure, Aditya Birla Real Estate, Siemens Energy India, and Onesource Specialty Pharma, closed over 2% below their VWAP on July 3, indicating potential bearish momentum and heightened selling pressure, according to technical scan data.