Indian markets witnessed a strong recovery on Tuesday, with Sensex rising 356 points to close at 77,269 and Nifty 50 gaining 122 points to settle at 24,119. According to latest reports, the positive momentum was driven by earnings announcements and supportive global cues, with markets moving higher despite some profit booking at higher levels. The Nifty held above the 24,100 mark but saw some selling pressure at higher levels, with gains not being uniform across sectors. Market breadth remained positive with the Nifty Midcap 100 index rising 375 points to 60,159.75, indicating broad-based participation in the rally.
Several companies including Bajaj Auto, Meesho, Polycab, Shree Cements, PB Fintech, and Paytm will be in focus as they announce their fourth quarter results today. As reported by The Economic Times, these companies are expected to provide insights into their performance for the January-March period of FY26, which will help investors assess their business momentum and future prospects. The earnings season continues to drive stock-specific action in the market, with investors closely watching these key quarterly updates.
Hero MotoCorp reported a strong set of fourth-quarter earnings, posting record revenue and profit for the January-March period of FY26. According to The Economic Times, the company's revenue from operations for the quarter stood at ₹12,797 crore, up from ₹9,939 crore in the same period last year, marking a growth of 29%. The strong performance reflects the company's robust demand and operational efficiency during the quarter.
Larsen and Toubro (L&T) reported a 3% year-on-year decline in its consolidated net profit at ₹5,326 crore in the fourth quarter, compared with ₹5,497 crore in the last year quarter. As reported by The Economic Times, the company's board has recommended a final dividend of ₹38 per share and fixed May 22 as the record date for the same. Poonawalla Fincorp reported a strong March quarter performance with profit after tax of ₹255 crore for the quarter ended March 2026, compared with ₹150 crore in the December quarter, marking a 70% sequential jump.
Global markets showed mixed trends after Indian trading hours, with US indices ending lower as the Dow Jones fell 556.28 points (1.12%) to 48,942.99 and S&P 500 dropping 28.09 points (0.39%) to 7,202.03. European markets also faced pressure, with FTSE 100 slipping 14.89 points (0.14%) to 10,363.93 and CAC 40 falling 138.72 points (1.71%) to 7,976.12. In Asia, trends were mixed with Japan's Nikkei 225 rising 228.20 points (0.38%) to 59,513.12 and Hong Kong's Hang Seng gaining 319.35 points (1.24%) to 26,095.88. GIFT Nifty was around 24,061, suggesting a largely flat start for domestic markets with the index continuing to trade within the 23,800–24,300 range for over a week.
