Asian markets dipped Tuesday as soaring oil prices, driven by Middle East tensions, ignited inflation fears. This surge prompted investors to dial back expectations for imminent interest rate cuts. The dollar held firm, while gold saw a slight uptick. Bond yields climbed as concerns grew about energy costs impacting inflation and potentially delaying Federal Reserve easing.
DMart Q1 results: Cons PAT up 11% to Rs 860 crore, revenue rises to Rs 18,795 crore
Avenue Supermarts reported an 11.3% net profit increase for the June quarter. The company’s revenue from operations also saw a 14.9% year-on-year rise. EBITDA grew