Indian markets experienced broad-based gains, buoyed by positive corporate sentiment and easing geopolitical concerns.
- Nine of the top ten most valued firms saw their market cap jump by ₹2.15 lakh crore, with Airtel among the biggest gainers.
- Open-market buybacks are poised to increase as corporate cash returns reached a three-year high.
- Hopes for a US-Iran peace deal and easing West Asia tensions influenced market sentiment, impacting crude oil prices and boosting upcoming IPO activity.
- India's exports rose 15% in the April-June quarter, with ministerial-level talks planned with the US and an EU trade pact expected by December.