Global markets showed strength after Jerome Powell hinted at possible rate cuts. Gift Nifty futures in India suggested a recovery. However, Indian cash markets showed caution. US markets rallied, increasing bets on a September rate cut. Powell mentioned tariff pressures affecting consumer prices. Investors should watch US economic data and the September FOMC meeting.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires