Reliance Industries, India's largest private-sector company by revenue, reported a fall in quarterly profit, with the Iran conflict identified as a contributing factor. The company has not yet released full earnings details in the provided report, but the headline points to war-related disruption affecting its financial performance. Reliance operates across oil refining, petrochemicals, retail, and telecom, making it sensitive to crude oil supply routes and pricing in the Middle East. Iran-related disruptions can affect crude sourcing, refining margins, and feedstock costs for petrochemical operations. Investors will watch for the breakdown between Reliance's energy and consumer businesses to gauge how deep the impact runs, and whether its retail and telecom arms offset pressure on the refining side. Any guidance on crude procurement or margin recovery will be closely tracked by markets, given Reliance's outsized weight in Indian equity indices.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
