RIL, Bluestone among Q1 earnings crop as banks slide despite ICICI, RIL gains
Reliance Industries and jewellery D2C player Bluestone headline a busy Q1 FY26 results day alongside UltraTech, Paytm and regional banks; RIL and ICICI Bank shares rise post-results while HDFC Bank, Kotak Mahindra and Axis Bank slip.
What happened
Live Q1 FY26 earnings roundup covering many firms including Reliance Industries and jewellery D2C brand Bluestone, plus banks and cement; RIL and ICICI shares
Key facts
- Q1 2026 results
Why this matters
Bluestone's inclusion alongside RIL and major banks in this earnings cycle underscores growing scrutiny of D2C jewellery players' unit economics as they approach public-market benchmarks.
What to watch
- RBI commentary or rate-cut signals affecting bank NIMs
- Management guidance on credit costs/asset quality from HDFC, Kotak, Axis earnings calls
- RIL's Jio/Retail segment growth commentary in post-earnings concall
- UltraTech and other Q1 results due same week shifting broader market sentiment
- FII flow data and Nifty Bank index technical levels (support/resistance breaks)
- Track Nifty Bank vs Nifty Energy/FMCG relative performance over next 3-5 sessions
- Watch analyst target-price revisions for HDFC Bank, Kotak, Axis post-earnings call commentary
- Monitor Bluestone and Paytm results for read-through on D2C/fintech sentiment amid banking weakness
- Check FII/DII flow data for rotation signals between banking and non-banking large caps