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European stock markets rose 0.2% on Friday as healthcare stocks helped offset worries over rising oil prices and Middle East tensions. The STOXX 600 index stayed on track for a fourth weekly gain. Investors now wait for the U.S. non-farm payrolls report to see how the labour market is doing.
The AI trade bubble burst since 22 June 2026 caused global market corrections, with SK Hynix shares falling 35%. N. Aruna Giri said, “The Indian stock market stands to benefit as the contra-AI trade once the crowded AI positioning across global markets begins to take a pause.” Indian indices remained flat.
Paras Defence and Space Technologies reported a 43% profit growth for the June quarter on Friday. Revenue grew 37% to ₹127.91 crore, while margins also improved. Despite these strong results, shares fell nearly 3% to ₹1,279. The firm also plans to sell its stake in Krasny Paras Defence Technologies soon.
Twelve BSE-listed stocks skyrocketed up to 925% in six months, creating massive wealth for investors. Data showed that retail investors increased their stake in many of these high-flying shares during the June 2026 quarter. While some people got profits, others kept their bets, showing strong confidence in these market winners.
Singapore’s OCBC and UOB reported stronger-than-expected second-quarter earnings on Friday. OCBC achieved a record quarterly net profit of S$2.22 billion, while UOB profit rose 10% to S$1.48 billion. Both banks used wealth management growth to cushion the impact of lower interest rates, leading them to declare higher interim dividends for shareholders.
Akasa Air launched its Akasa Elevate loyalty programme on August 7 to mark its fourth anniversary. The scheme offers four membership tiers with points for flights and services. CEO Vinay Dube said, "This is our way of saying thank you on our fourth anniversary to the wonderful customers who have trusted us."
India signed the Comprehensive Economic Trade Agreement with the United Kingdom in July 2025, which entered into force on July 15, 2026. These new-generation deals help businesses trade smarter by leveraging supply chains. Meetika Baghel said, "New-generation FTAs require a shift in business mindset from viewing them as trade concessions."
A Parliament panel asked the Oil Ministry for a report on how new fields and OALP rounds will boost crude oil output. The committee said, "The real returns on these massive investments must reflect in reversed production curves." Despite higher spending, domestic oil production fell from FY19 to FY25.
Rain Industries reported its net profit rose four times to ₹341 crore in the June quarter, compared to ₹83 crore last year. Revenue grew to ₹5,167 crore as product prices increased. Managing Director Jagan Reddy Nellore said, "We believe it is appropriate to view it with measured optimism and continued discipline."
Digital lending apps are pushing many Indians into a deep debt trap. Household debt reached a record 48% of gross domestic product by December 2025. Fintech platforms sanctioned over 130 million loans last fiscal year. Many people now use these high-interest loans to repay old ones, creating a dangerous cycle.
SpaceX shares rose over 6% on Thursday as the first lockup expiry more than doubled the tradable float. Over $23 billion worth of shares changed hands in the busiest session since the company joined the Nasdaq 100 on July 7. Investors watched closely as 911.5 million additional shares became available.
Britannia Industries shares rose nearly 5 percent on Friday after the company reported a 14.08 percent increase in consolidated net profit for the June quarter. Global brokerage Nomura kept a 'Buy' rating on the stock with a target price of Rs 6,500, showing an upside potential of over 20 percent.