Friday is expected to be an eventful session for Indian markets, with investors set to react to TCS’ June quarter earnings. Market participants will a…
1/7US Markets | US stocks advanced on Thursday, led by gains in semiconductor shares and easing oil prices, even as renewed tensions between the US and Iran kept investors cautious. The Nasdaq Composite and the S&P 500 each rose 0.3%, while the Dow Jones Industrial Average gained 116 points, or 0.2%.
2/7US-Iran Talks | US President Donald Trump said Wednesday evening that he does not know whether Washington and Iran are returning to a full-fledged war, but told reporters that Iran “badly” wants to make a deal to cease escalating hostilities in the Middle East.
3/7US Jobless Claims | The number of Americans filing for unemployment benefits dipped slightly last week as layoffs in the US remain historically low. US applications for jobless aid in the week ending July 4 ticked down by 2,000 to 215,000, the Labour Department reported Thursday. Analysts surveyed by the data firm FactSet forecast 220,000 new applications.
4/7US Home Sales | Sales of previously occupied US homes slowed in June, but a key measure of home prices climbed to an all-time high, adding to prospective homebuyers’ affordability challenges. Existing home sales fell 2.4% last month from May to a seasonally adjusted annual rate of 4.09 million units, the National Association of Realtors said Thursday. Sales rose 2.8% compared with June last year.
5/7TCS Q1 Results | India’s largest IT services company reported a 4.61% increase in its net profit to ₹13,349 crore for the June 2026 quarter. TCS said its net income rose 8.5% year-on-year to ₹13,849 crore, excluding exceptional items. From a topline perspective, its Q1 revenues jumped by nearly 14% year-on-year to ₹72,275 crore, and edged up 2.23% from the March quarter’s ₹70,698 crore.
6/7Apollo Micro Systems to acquire Premier Explosives | Technology-driven firm in the aerospace, defence, and homeland security sectors, Apollo Micro Systems Ltd, on Thursday (July 9), said it has entered into a Share Purchase Agreement (SPA) with the promoter shareholders of Premier Explosives Ltd to acquire a 41.33% stake in the company for ₹1,550 crore. The acquisition involves the purchase of 2.22 crore equity shares of Premier Explosives with a face value of ₹2 each.
7/7Earnings Watch | L&T Finance, Indian Bank, Bank of Maharashtra, Just Dial and Elecon Engineering are scheduled to report their June quarter results on Friday.
