Sunlite Recycling Industries reported FY26 profit after tax of ₹401.5 million, up 181.4% year on year, as total income rose 97.9% to ₹27,647.2 million. EBITDA increased 150.6% to ₹596.9 million and the margin improved to 2.16% from 1.71%. The company attributed the performance to high-volume operations and strategic physical hedging of copper prices. It also outlined a ₹37 crore plan to add 21,000 tons of capacity by the first quarter of FY28, including a 20,000-ton copper products expansion at subsidiary Sunlite Aluminium and additional value-added copper products capacity at the parent company.

Kalyan Jewellers (SUS) shares hit the 10% upper circuit for the second consecutive trading session after the company issued a strong Q1 business update. The update did not include specific financial figures. Still, the market read it as well-above-expectations revenue, profit and same-store sales, boosting investor confidence in the resilience of its gold jewellery retail business and its peak-season performance.

Dr. Reddy’s Laboratories said some semaglutide batches were found out of specification due to an issue linked to the active pharmaceutical ingredient, and that commercial supplies will be delayed for a period. The company added that the issue does not affect patient safety or the product’s existing global regulatory filings. The update pushed the stock down as much as 3%, and it was last trading 1.1% lower at ₹1,334.

Former US President Donald Trump said the US-Iran ceasefire agreement was “over”, heightening fears of renewed Middle East escalation. Brent crude futures neared $79 a barrel after rising about 26% in a day. India’s Nifty50, after dropping more than 2% in the prior session, rebounded to 24,051, while market volatility (India VIX) stayed elevated. Foreign institutional investors extended net buying for a sixth straight session, though geopolitics dominated near-term sentiment.

One Click Logistics held an extraordinary general meeting on July 8, 2026, and approved a preferential allotment of new shares to the company’s promoters, who are Indian individuals. The promoter holding is set to rise from 15.04% to 16.69% following the issue. The total share capital is expected to increase from 67,11,723 shares to 68,44,723 shares. The move reflects an issuer-level equity structure adjustment, with no disclosed changes tied to performance, asset injection, control, or stated use of proceeds.

On July 9, 2026, Iran’s Islamic Revolutionary Guard Corps said it struck four U.S. military bases in Kuwait and Bahrain, and the U.S. responded with overnight airstrikes in southern Iran that Iranian state media said killed eight Iranian army members. U.S. President Donald Trump said the ceasefire was “over,” while India’s foreign ministry warned the escalation threatens regional energy supplies and shipping security. Markets reacted sharply: Nifty and Sensex opened slightly higher, but institutions said global equities slid on risk aversion as oil prices jumped and the rupee came under pressure.

Tata Consultancy Services (TCS) shares fell nearly 2% in early trade ahead of its Q1 FY27 earnings, slipping to Rs 2,018.5 and taking its 2026 decline to 36.2%. The Nifty IT index dropped 1.54% at the same time. Investors are watching for updates on AI strategy execution, large deal wins expected at $7 billion to $10 billion, the pace of offshore IT demand recovery and how geopolitics could affect client spending. Analysts expect dollar revenue to dip 0.1% sequentially and EBIT margin to narrow by about 120 basis points.

South Korea’s KOSPI opened up 3.3% but gave up part of its gains as retail investors sold, while the index still rose 2.08% to 7397.40. Samsung Electronics added 1.8% and SK hynix surged 6.65%, while Hyundai Motor fell 2.38% and Hanwha Aerospace slid 6.72%. Foreign and institutional investors were net buyers of chip shares, while individuals were net sellers of 1.07 trillion won. Investors also weighed renewed Middle East tensions and uncertainty around the next phase of AI demand.