The Indian stock market is expected to continue its positive momentum as Gift Nifty index trends signalled a positive opening on Thursday. According to reports from Live Mint, Gift Nifty was trading near the 23,845 mark, up over 180.50 points from the previous close of Nifty futures. This follows Wednesday's session where Sensex rose 118 points to 75,318.39 and Nifty 50 advanced 41 points to 23,659, driven largely by gains in Reliance Industries shares.
Several major companies are set to announce their Q4 results today, which will remain in focus for market participants. As reported by Live Mint, the stocks to watch include Life Insurance Corporation of India, ITC, Nykaa, LG Electronics India, and GAIL India. These announcements are expected to provide insights into corporate performance and market sentiment for the quarter ended March 2026.
Aditya Birla Capital announced a significant ₹4,000 crore preferential equity share issue to promoter Grasim Industries, Suryaja Investments Pte. (an Aditya Birla Group firm), and International Finance Corporation. According to Live Mint, this move is aimed at supporting growth and bolstering the company's capital base. Meanwhile, Dr Reddy's Laboratories launched its oral semaglutide biosimilar in India under the brand name Obeda for treating type 2 diabetes mellitus.
Lenskart reported a 9% year-on-year decline in consolidated net profit to ₹200 crore for Q4, as reported by Live Mint. Ola Electric showed improvement with a net loss of ₹500 crore in Q4, which is better than the ₹870 crore loss recorded in the same period last year. Whirlpool of India posted a 32.7% year-on-year drop in net profit to ₹80.2 crore for Q4 FY26, compared to ₹119.2 crore in the same quarter a year earlier.
Rail Vikas Nigam secured the position of the lowest bidder for a ₹164.18 crore project awarded by East Coast Railway, according to Live Mint. Pace Digitek received an advance work order valued at ₹264.65 crore from Bharat Sanchar Nigam Limited for the BharatNet middle-mile and last-mile network project in the Sikkim Telecom Circle. JK Cement announced it has received a Letter of Intent from the Andhra Pradesh government for allocation of a mining lease for the Dommarnandyala Block-3 limestone reserve.
