Indian stock markets saw a dip on Friday, following global trends. Concerns over technology stock valuations and potential US interest rate hikes impacted investor sentiment. Despite a cautious mood, analysts suggest the Nifty may soon reach new highs. Foreign investors were net sellers, while domestic investors bought shares. The market awaits clarity on the US-India trade deal.
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