Asian markets traded mixed on Monday after the People's Bank of China's interest rate decision.

US stock market ended mixed on Friday after reports of US President Donald Trump planning to push steep new tariffs on European Union products.

Here's a table showing how US stocks performed on Friday:

Source: Equitymaster

At present, the BSE Sensex is trading 136 points lower, and the NSE Nifty is trading 53 points lower.

HDFC Bank, Tata Steel, and ICICI Bank are among the top gainers today.

Axis Bank, Reliance Industries, and HCL Tech, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.2% lower, and the BSE Smallcap index is trading 0.4% lower.

Sectoral indices are trading mixed today, with stocks in the metal sector and the banking sector witnessing buying. Meanwhile, stocks in the media sector and the financial IT sector are witnessing selling pressure.

The rupee is trading at Rs 86.2 against the US dollar.
 

Jio's 5G Surge Boost Q1 Results

In the June quarter, Jio Platforms Ltd., the parent company of Reliance Jio, saw a 3.07% increase in revenue to Rs 350.3 billion (bn) and a 1.2% increase in net profit to Rs 71.1 bn.

For the quarter that ended in June, Jio Platforms saw a 25% increase in net profit and a 19% increase in revenue year over year.

Reliance Jio's operating revenue increased 2.9% from quarter to quarter and 17% from year to year to Rs 308.8 bn.

In the June quarter, Jio's EBITDA increased 6.6% sequentially and 24% year over year to ?18,135 crore. The EBITDA margin increased sequentially by 1.7 percentage points to 51.8%.

By June, Jio had 213 million 5G users, up from 191 million the quarter before. Tariff increases and subscriber growth drove the average revenue per user (ARPU) up to Rs 208.8.

Reliance Jio Net now has 498.1 million subscribers after adding 9.9 million during the June quarter. The company had 6.1 million subscribers in the previous quarter. The monthly user attrition rate was 1.8%.

Jio is seeing growth in its new platforms like Jio Games (cloud gaming), JioAICloud (cloud storage), and JioPC (virtual desktop). The company is also preparing to expand its 5G technology globally.

With the expansion of the company's fibre broadband and AirFiber users, total data traffic increased 24% year-over-year and 11.9% sequentially to 54.7 billion GB in the June quarter.
 

JSW Steel Q1 Results Show Strong Growth

JSW Steel's net profit jumped 155% year-over-year (YoY) and 47% quarter-over-quarter (QoQ) to Rs 22.1 bn in Q1 FY25.

The consolidated revenue increased slightly year over year to Rs 431.4 bn, although it was lower than the Rs 448.2 bn in revenue recorded in the January-March quarter.

Due to scheduled maintenance shutdowns, JSW Steel's capacity utilisation decreased from 93% to 87% in Q1. However, production increased from 6.35 million tonnes to 7.26 million tonnes the previous year.

Consolidated steel sales rose from 6.12 million tonnes during the same period last year to 6.69 million tonnes. Compared to 5.90 million tonnes in the prior year, sales in its India operations climbed to 6.43 million tonnes during the reported period.

JSW Steel's EBITDA rose 37% to Rs 75.7 bn due to higher sales and prices, with an EBITDA margin of 17.6%. The company invested Rs 340 bn in capital expenditure for ongoing projects.

In FY26, JSW Steel intends to invest Rs 200 bn in capital projects. Due to higher working capital investments, the company's net debt increased to Rs 759.8 bn as of 30 June.
 

JK Cement's Profit Surges in Q1

JK Cement's Q1 performance saw a significant jump, with net profit rising 75.5% to Rs 3.2 bn compared to Rs 1.8 bn in the same period last year.

Revenue from operations also grew 19.4% to Rs 33.5 bn, up from Rs 28.1 bn in Q1 FY25.

EBITDA increased 41.4% to Rs 6.8 bn from Rs 4.8 bn a year ago, indicating strong growth in operating profit as well. Margins improved to 20.5%, up from 17.3% in the corresponding quarter last year

Higher sales volumes of grey cement, improved prices in important markets, and a favourable product mix were the main drivers of JK Cement's impressive Q1 performance. Additionally, sales of wall putty and white cement increased by 8% for the company.

JK Cement is expanding its capacity with multiple projects. Its 4 MTPA clinker unit in Panna is 76% complete, while 3 MTPA cement capacity additions are progressing in Panna, Hamirpur, and Prayagraj.

A 3 MTPA grinding unit in Bihar is also being set up, expected to start by December 2025, with Rs 17.1 bn invested so far.

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