Waaree Renewable Technologies shares surged 13.5% on April 17 after the company posted a 66% jump in net profit to ₹155.72 crore for Q1 FY26, with revenues climbing to ₹1,102.40 crore. The results signal sustained demand momentum in India's renewable energy equipment and services sector, where Waaree has positioned itself as a key domestic player. Higher revenues drove the profit expansion, suggesting operating leverage is materializing at scale rather than one-off gains. Investors will watch whether order book growth and margin trends hold through subsequent quarters, particularly as domestic solar capacity additions accelerate and competition among Indian EPC and module players intensifies.
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.
