Why are Indian shares expected to have a muted start on Friday, and what key factors are influencing market sentiment?

Indian shares are expected to open steady on Friday as investors monitor developments in the Middle East while focusing on quarterly earnings reports. Brent crude futures rose for a third consecutive session, climbing above $83 a barrel due to concerns over shipping through the Strait of Hormuz after Iran and Oman proposed restrictions on vessels deemed hostile — a development that is negative for India given its heavy reliance on crude imports. At the same time, earnings from major companies including State Bank of India, Titan Company, and Hindalco are set to drive stock-specific moves.

How did Britannia Industries, Life Insurance Corporation of India, and Apollo Tyres perform in their first-quarter results, and what were the main drivers cited?

Britannia Industries reported first-quarter profit below market expectations, with higher fuel and shipping costs linked to the Middle East conflict offsetting stronger demand for its packaged foods. Life Insurance Corporation of India posted a 23% increase in first-quarter profit, driven by strong group business and margin expansion from a greater focus on more profitable products, despite heightened competition. Apollo Tyres reported a nearly 9% increase in first-quarter profit before tax and exceptional items, supported by strong demand in Asia-Pacific, the Middle East, and Africa markets, along with higher prices.

Indian Shares on Track for Muted Start as Earnings, Middle East in Focus

Aug 6, 2026

Indian stocks opened steadily as Brent crude rose above $83 per barrel amid Middle East shipping concerns. Major industrial firms like Hindalco and Britannia reported quarterly earnings while facing elevated fuel and logistics costs.

reuters

2026-08-06

Indian Shares on Track for Muted Start as Earnings, Middle East in Focus

Indian Shares on Track for Muted Start as Earnings, Middle East in Focus

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