Kotak Mahindra Bank is projected to experience a 26% year-on-year drop in net profit for Q1FY26, according to brokerage estimates. Net interest income is expected to rise modestly by 7%, reflecting margin pressures. Loan growth is anticipated to be healthy at 12-13%, but margins may face headwinds.

Reliance Power shares have dropped 15% in a month amid ED raids and weakening technical momentum. While analysts highlight key support and resistance levels, the stock’s long-term outlook is supported by profitability, debt reduction, and operational efficiency. Regulatory concerns persist, though management maintains no operational impact from ongoing investigations.

Mark Matthews of Julius Baer suggests the India-UK FTA s impact on India will be limited, but hopes it spurs a US trade deal before August 6, potentially boosting the stock market. He anticipates a US tariff for India between 15% and 20%. Matthews favors the IT sector due to its recent downturn and positive management guidance.

European shares retreated on Friday, giving back gains from the previous session, as automobile stocks weighed and investors awaited updates on EU-U.S. trade talks ahead of U.S. President Donald Trump s tariff deadline next week.

Japan s Nikkei share average dropped on Friday, halting a two-day advance that brought the index to the brink of a record, as traders locked in gains spurred by a newly inked trade deal with the United States.

Shanti Gold International’s Rs 360-crore IPO opened to strong retail interest, with a 43% subscription on Day 1. Despite low QIB participation, a Rs 40 grey market premium hints at 20% listing gains. Strong financials and strategic expansion plans bolster investor confidence.

Trump renewed his call for a drastic rate cut of over 3 percentage points.

Wall Street indices are at record highs. The market is reacting positively to strong earnings reports and anticipated trade agreements. A US-European Union trade deal is expected. Spartan Capital Securities Peter Cardillo believes the rally has legs. He suggests the India-UK FTA could set a 15% tariff norm. Cardillo is optimistic about India reaching a trade deal soon.

REC shares experinced a decline on Friday despite a 29% YoY rise in Q1FY26 net profit to Rs 4,465 crore, driven by strong revenue and improved asset quality. The company also announced an interim dividend and maintained solid financial ratios, including a strong capital adequacy position.