Stocks in news: RIL, JSW Steel, Wipro, Jio Financial, Axis Bank, LTIMindtree

The markets experienced volatility and closed lower. Several companies announced their first quarter results. Axis Bank's net profit saw a slight decrease. Jio Financial Services and LTIMindtree reported profit increases. Polycab India and Wipro also showed growth in net profit. However, Tata Communications experienced a decline. Indian Hotels reported an increase in net profit as well.