European shares rose to a six-week high on Thursday, buoyed by optimism over a potential EU-U.S. trade agreement and upbeat corporate results, as investors awaited the European Central Bank s rate decision later in the day.

Shares of Indian Energy Exchange (IEX) tanked 26% on Thursday, logging their worst intraday single-day performance since listing in 2017. The stock is on track for its seventh consecutive session of losses, extending the declines to 33% in this period.

Canara Bank Q1 results:Net Interest Income (NII) for Q1 FY26 came in at ₹9,009 crore, slightly lower than ₹9,166 crore reported in the same quarter last year. Operating profit for the quarter rose by 12.32% year-on-year to ₹8,554 crore.

Gold prices slipped below the Rs 1 lakh mark as August MCX futures fell amid easing safe-haven demand following the US-Japan trade deal. Silver also edged lower. Analysts expect continued volatility, though key support levels may hold amid global uncertainty and upcoming central bank policy decisions.

Prateek Agrawal sees PSU banks evolving like private peers, favors capital markets over lending, and identifies alpha in sectors like tech, defence, and renewables amid India’s investment-led shift.

NSE has revised lot sizes for derivative contracts on Bank Nifty (from 30 to 35) and Nifty Midcap Select (from 120 to 140), effective July 2025 expiry. Changes follow SEBI’s review guidelines to align notional contract values with market levels.

Adani Energy Solutions announced a consolidated net profit of Rs 512 crore for the quarter ending in June, a significant turnaround from the Rs 824 crore loss reported in the same period last year. The company s revenue from operations also saw a substantial increase, reaching Rs 6,819 crore, marking a 27% rise compared to the previous financial year s corresponding quarter.

The company’s net premium income stood at Rs 17,178 crore, up 14% from Rs 15,105 crore reported in the corresponding quarter of the previous financial year.

Brigade Hotel Ventures’ Rs 759.6-crore IPO was subscribed 48% on day one, led by strong retail and non-institutional investor interest. The IPO, open until July 28, includes a fresh issue of 8.44 crore shares offered at a price band of Rs 85–90.

The Indian rupee snapped a six-session losing streak on Thursday but was unable to end the day higher despite gains in Asian peers as dollar demand from foreign banks, likely driven by foreign portfolio outflow, continued to exert pressure.