Indian stock markets are bracing for a weak opening this week. Rising oil prices due to US-Israeli actions against Iran are a major concern. This geopolitical tension could push crude oil prices to $100 a barrel. Investors are likely to shift towards safe-haven assets like gold and the US dollar.
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