Netweb Technologies, Radico Khaitan, HUL Lead Q1 Earnings Gains

Indian markets experienced mixed movements with some stocks surging on strong earnings and AI-related growth, while the overall indices declined due to global concerns and trade tensions. Netweb Technologies shares rose significantly following a 300% increase in AI revenue contributing to nearly 29% of its operating revenue, reflecting strong demand for AI infrastructure. Radico Khaitan and Hindustan Unilever also posted robust quarterly profit growth, driven by volume increases and lower tax expenses respectively. Conversely, Indian shares closed lower amid foreign fund outflows and new U.S. tariffs affecting market sentiment, with some companies like PNB Housing Finance and IIFL Finance seeing sharp declines. In the U.S., tech giants Microsoft and Meta Platforms boosted markets with better-than-expected earnings fueled by AI demand, while other companies like Align Technology and AB InBev reported disappointing results. Premarket movers included strong performances by CVS Health, Comcast, and CoreWeave, the latter benefiting from AI demand linked to Microsoft's growth.