Indian equities ended marginally higher after surrendering most intraday gains amid volatile trading. According to The Economic Times, softer US inflation data supported sentiment, while elevated crude prices, West Asia tensions and mixed sector performance kept markets volatile. 42 companies are scheduled to announce their June quarter (Q1 FY27) earnings today, with key companies reporting including Wipro, Tech Mahindra, Polycab India, Jio Financial Services, ITC Hotels, CEAT Ltd, South Indian Bank, BHEL, 360 ONE WAM, WeWork India Management, HDFC Life, ICICI Lombard, Groww, Angel One, and Union Bank of India. Analysts expect Nifty to remain range-bound unless it breaks above 24,350.
Adani Power has signed a 25-year power supply agreement (PSA) with Maharashtra State Electricity Distribution Company Limited (MSEDCL) for supply of 1600 MW power on a long-term basis. According to reports, the power will be supplied from a 2x800 MW Ultra-Supercritical Thermal power plant to be established under Design, Build, Finance, Own & Operate (DBFOO) basis. The coal linkage for the power plant has been allocated under the SHAKTI Policy of the Government of India.
The parent entity of One 97 Communications (Paytm) remained majority Indian-owned and witnessed a further increase in domestic ownership during the quarter ended June 30, 2026. As reported, domestic investors increased their shareholding to approximately 51.6%, up from 50.3% in the previous quarter. This sustained increase underscores Paytm's position as an Indian-Owned and Controlled Company (IOCC), a milestone it first achieved in March 2026.
Several companies reported robust Q1 FY27 results. Angel One reported a more than two-fold increase in consolidated profit after tax to ₹231.4 crore, driven by strong retail client participation and robust trading volumes. The company experienced a robust 25.4% increase in total income, reflecting its expanding influence in the market. Himadri Speciality Chemical posted a 27% rise in consolidated net profit to ₹228.43 crore, while Emmvee Photovoltaic Power saw its consolidated net profit more than double to ₹380.28 crore. MRPL achieved a record net profit of ₹945.68 crore, turning around from a loss of ₹270.66 crore in the year-ago period, driven by improved refining margins amid the West Asia crisis. Additionally, Angel One's client base surged to 3.86 crore, prompting the declaration of an interim dividend of Re 1 per equity share.
Brokerage firms Angel One and Groww (parent company Billionbrains Garage Ventures) were in focus following their strong Q1 FY27 earnings. Angel One shares rose 1.7% to ₹349.40 in early trade, while Groww's parent company shares gained 2% to ₹220.98 before declining. Angel One posted a more than two-fold increase in consolidated profit after tax to ₹231.4 crore for the quarter ended June 30, 2026, driven by strong retail client participation and robust trading volumes. Groww's profit after tax jumped 94.4% year-on-year to ₹735 crore from ₹378 crore in Q1FY26, driven by revenue growth, operating leverage across all cost buckets and increasing contribution from newer products such as margin trading facility (MTF) and commodities.
