Indian equities surged nearly 2% and the rupee gained as traders reduced bearish bets following the US halting strikes on Iran. However, tempered optimism persists due to a lack of reciprocal statements from Tehran and ongoing reports of Iranian attacks, suggesting continued market volatility.
Polycab India shares fall 4% despite strong Q1 earnings, profit jumps 33% YoY
Polycab India shares slipped 4% on Friday despite the company reporting its best-ever first-quarter performance. Q1FY27 net profit rose 33% year-on-year to Rs 797 crore,