Indian equity benchmark indices rebounded sharply on Thursday, posting significant gains amid potential government measures to support the falling rupee. The BSE Sensex rallied 789.74 points, or 1.06 per cent, to close at 75,398.72, while NSE's Nifty50 jumped 277 points, or 1.18 per cent, to end at 23,689.60. Sentiment was further anchored by positive cues from the Trump-Xi summit, with investors closely monitoring the second day of talks between US President Donald Trump and Chinese President Xi Jinping in Beijing. As of 7:40 AM, GIFT Nifty traded down 62 points, or 0.26 per cent, at 23,667. Among Asian markets, South Korea's KOSPI declined 2.2 per cent while Japan's Nikkei 225 dropped 1.2 per cent. Hong Kong's Hang Seng Index and Australia's S&P/ASX 200 Index were down 0.9 per cent and 0.27 per cent respectively. Meanwhile, oil prices remained elevated with Brent crude at $107 per barrel and West Texas Intermediate near $102.
Shares of oil marketing companies including IOC, BOCL, and HPCL will remain in focus today as the government has increased retail selling prices of petrol and diesel by ₹3 in four metro cities, effective from today. This marks the first revision in retail prices in four years and comes at a time when global energy rates have risen significantly since the start of the West Asia war. The decision is expected to impact these companies' operational costs and pricing strategies.
Tata Steel Ltd has registered a decisive breakout above its previous all-time high resistance near ₹220, supported by sharp expansion in volumes indicating strong institutional participation. The stock follows the classic Dow Theory, maintaining a well-defined bullish trend structure with successive higher highs and higher lows. Motilal Oswal continues to maintain a constructive technical setup after its breakout from an inverse Head & Shoulders formation, with the recent retracement toward the breakout zone appearing healthy and lacking aggressive selling pressure. RBL Bank remains technically well-poised after confirming a breakout from a prolonged consolidation range, with price action moving above the breakout level and strengthening the probability of bullish continuation.
Several major companies reported their Q4FY26 results today, with JSW Steel posting a consolidated net profit of ₹19,243 crore on account of an exceptional gain of ₹17,888 crore, with total income at ₹51,521 crore. Apollo Tyres reported a more than three-fold jump in consolidated net profit to ₹630.97 crore with revenue at ₹7,335.67 crore. United Spirits saw a 28 per cent Y-o-Y increase in net profit to ₹539 crore with revenue up 4.67 per cent to ₹6,855 crore. Voltas experienced a 51.87 per cent decline in net profit to ₹113.43 crore despite revenue of ₹4,887.83 crore.
Adani Enterprises saw US-based investment firm GQG Partners sell 58.92 lakh shares (0.45 per cent stake) for ₹1,435 crore through an open market transaction. HCC reported a 34.56 per cent Y-o-Y decline in consolidated net profit to ₹59 crore with total income at ₹1,017.51 crore and order book at ₹12,971 crore as of March 31, 2026. Siemens Energy India posted a 52.4 per cent Y-o-Y rise in net profit to ₹375 crore with revenue rising 27.4 per cent to ₹2,394 crore. Shadowfax reported net profit of ₹56 crore in Q4FY26 with revenue growing nearly 74 per cent Y-o-Y to ₹1,237 crore.
