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Commodities

Indian Stock Market to Open Lower Amid Copper Price Rally and Key Earnings Reports

Guavy AI Editorial Team
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Copper
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The domestic equity market is expected to open lower on Friday, August 7. The GIFT NIFTY futures suggest that the NIFTY50 index will open 94 points lower.

Several key earnings reports are due today, including from State Bank of India (SBI), Titan Company, Hindalco Industries, and Power Finance Corporation, among others.

Copper-linked companies such as Hindustan Copper, Hindalco, and Vedanta may be in focus after copper prices surged to a record high on Thursday. However, the latest rally comes amid a mixed global growth outlook, making 'Dr. Copper' a less reliable indicator of economic health.

LIC reported a consolidated net profit of ₹13,492 crore for Q1 FY27, reflecting a 22.81% year-on-year jump. The company's net premium income advanced 6.7% YoY to ₹1.28 lakh crore during the quarter.

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