Markets witnessed a rebound on Thursday after Wednesday's sharp sell-off, with benchmark indices recovering modestly amid supportive global cues. Going ahead, markets will first react to TCS's quarterly earnings in early trade on Friday. Besides, overnight geopolitical developments and their impact on crude oil prices will remain key factors on investors' radar. Technically, analysts say the Nifty appears to have lost some momentum, and a broader phase of consolidation now seems likely.
In today's trade, shares of TCS, Groww, Shriram Finance, Dixon Tech, Anand Rathi Wealth among others will be in focus due to various news developments and first quarter results.
TCS
India's largest IT services company Tata Consultancy Services (TCS) on Thursday reported 5% year-on-year (YoY) growth in its consolidated net profit at Rs 13,349 crore for the first quarter. The same stood at Rs 12,760 crore in the year-ago period. The Board has approved an interim dividend of Rs 12 per share for the financial year FY27 and fixed July 15 as the record date.
Groww has said direct mutual funds will remain central to its platform and will continue to be free for do-it-yourself investors, responding to confusion around its mutual fund offering after Zerodha founder Nithin KamathтАЩs recent post on direct plans.
Non-banking finance company Shriram Finance is raising $1.3 billion through half a dozen foreign banks to reduce its borrowing costs as it takes advantage of a rating upgrade after a sizeable stake purchase by the Japanese banking major, Mitsubishi UFJ Financial Group (MUFG).
The CIC has upheld IOCL's refusal to disclose decade-long nationwide fuel quality inspection and fraud records under the RTI Act despite an applicant's plea that the information was in public interest. The applicant said consumers are "overburdened with the fuel prices" and the information should be centrally maintained in today's digital era.
Car market leader Maruti Suzuki India plans to add around 500 service points across the country in the ongoing fiscal, its Managing Director & CEO Hisashi Takeuchi said on Thursday. The company, which opened its 6,000th service touchpoint in India on Thursday, had opened a record 502 service touchpoints in 2025-26 and served over 2.84 crore vehicles, the highest in a single financial year.
Dixon Tech and Vivo have signed JV agreements to expand smartphone manufacturing in India. Dixon will own 51% and Vivo Mobile India to hold 49%. The government has approved Vivo's investment, clearing the way for incorporation. The JV will manufacture Vivo smartphones and can also produce electronics for other brands
Premier Energies commissioned a 5.6 GW solar module facility in Telangana, set up as part of the company's Rs 12,500 crore capex plan to build capabilities and foray into new business segments. The company also performed a ground-breaking ceremony for its 6 GWh Battery Energy Storage System (BESS) facility and 18,000 metric tonnes per annum aluminium frames facility, it said in a statement.
Anand Rathi Wealth reported a 24% year-on-year (YoY) rise in consolidated profit after tax for the June quarter, while revenue grew 18% as the company crossed Rs 1 lakh crore in assets under management. The wealth management firm said profit after tax rose to Rs 116 crore in Q1FY27 from Rs 93.8 crore in the same quarter last year. Total revenue increased to Rs 336 crore from Rs 284.1 crore. Profit before tax also rose 24% year-on-year to Rs 156 crore.
