CocaCola has raised the effective unit price of canned Diet Coke in India by 13.6% after disruptions tied to the West Asia conflict constrained imports of aluminum cans via the Strait of Hormuz. The company has shifted to sourcing larger, more expensive cans from Southeast Asia, increasing per-unit packaging costs. India’s heavier reliance on aluminum cans has left Diet Coke more exposed, while products such as Coke Zero have not been affected because they are sold in multiple packaging formats. The development represents a direct supply shock catalyst for the aluminum commodity.

Brokerages stayed upbeat on InterGlobe Aviation after IndiGo posted a standalone net loss of ₹382 crore for the quarter ended June 30, with analysts blaming a sharp rise in fuel costs and forex headwinds rather than weaker demand. Aircraft fuel expenses surged 86% to ₹10,830 crore, while the airline also pointed to adverse currency movements and disruptions linked to the Middle East conflict. Revenue from operations rose 20% year on year to ₹24,584 crore, but fuel costs still made up 44.1% of revenue. Several brokerages kept “Buy” ratings, citing strong fare pass-through, while cutting FY27 profit forecasts to reflect higher crude oil prices and a weaker rupee.

Reliance Industries Limited is scheduled to report FY27 first-quarter results after market hours on July 17. Brokerages expect double-digit year-on-year growth in revenue, EBITDA and net profit, supported by stronger trends in Jio, retail and a recovery in the oil-to-chemicals (O2C) business. Equirus and Systematix have published forecast ranges for net sales, margins and profit, while also flagging potential year-on-year margin contraction. The projections follow a record FY26 March-quarter performance and come as RIL shares have underperformed the Nifty 50 so far in 2026.

Copper futures strengthened on Thursday, with LME copper up 2% to $13,456.22 per tonne. Comex September futures climbed around 2% to $6.22 per pound, while MCX July copper rose nearly 1% to ₹1,279.45 per kilogram. The moves were broadly attributed to expectations of a rebound in global industrial demand and continued cross-market buying.

US military strikes on Iran and reported Iranian retaliatory attacks on Bahrain and Kuwait escalated Middle East tensions. Brent crude rose 2.6% to $76.1 a barrel, pressuring energy-importing markets. India’s Sensex slid 591 points and the Nifty 50 fell 180 points to 24,218.70, with airlines, financials and autos among the weakest on higher import-cost concerns. The geopolitical shock weighed on expectations for energy supplies and risk appetite across emerging markets.

Ola Electric Mobility shares have fallen for a third straight session, taking the cumulative drop to more than 5%. Two suppliers—Sterling E-Mobility Solutions and Anevolve Mando eMobility—have filed insolvency petitions at the National Company Law Tribunal against Ola Electric Technologies over unpaid dues exceeding ₹40 crore. The vendors said payments have been overdue for more than 45 days, while Ola has raised concerns about parts quality. The dispute has sparked market concerns over the company’s liquidity and ability to continue as a going concern.

Gold in India slid ₹150 to ₹1,50,650 per 10 grams, while silver fell ₹5,000 to ₹2,40,000 per kilogram. In global markets, spot gold and silver were quoted at $4,160.60 and $62.24 per ounce, respectively. A stronger U.S. dollar and caution ahead of the U.S. ISM Services data and Federal Reserve policy signals prompted traders to cut positions, while Washington–Tehran tensions failed to generate hedging demand.

Spot gold is up 2.2% for the week, climbing toward $4,200 an ounce for its best weekly performance since May. Weak U.S. jobs data pushed expectations for a Federal Reserve rate hike at the next meeting down from about one-third to less than 20%. Oil prices posted their biggest quarterly decline since 2020 as Persian Gulf shipping flows recovered and Saudi Arabia and the UAE lifted exports. Silver, platinum and palladium also gained.

India’s oil minister Hardeep Singh Puri said state-run fuel retailers booked ₹74,781 crore in retail losses in Q1 as they continued to sell fuel made from higher-cost crude bought earlier. Brent was trading near $70 a barrel on Thursday, down 26% in a month and nearly 40% below its April high, but Puri gave no clear signal of an immediate retail price cut. He said a reduction is possible if crude prices remain steady for a while, according to Reuters. Puri also said no Indian refiner had directly exported petrol to Russia, though traders may have shipped Indian-made fuel there.