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TCS posted a 1.7% year-on-year drop in consolidated net profit to Rs 12,224 crore for the quarter ending March 2025, down from Rs 12,434 crore in the same period last year. The result came in below analysts expectations of Rs 12,650 crore.

European shares surged on Thursday after U.S. President Donald Trump announced an immediate 90-day pause on reciprocal tariffs for most trading partners, prompting a massive relief rally after days-long market rout.

Flexicap funds, currently focused on largecaps due to market volatility, may shift towards mid- and smallcaps once stability returns, offering higher return potential than constrained multi-asset or multi-cap funds with fixed allocation criteria, says Samir Shah of Axis Securities .

U.S. stock index futures pared their early losses on Thursday after a cooler-than-expected inflation reading bolstered expectations that the Federal Reserve would remain on track to cut interest rates this year.

Markets may remain in a consolidation phase with no sharp recovery expected soon. Pharma sector is watchful, FMCG shows resilience, and Nifty faces key resistance at 22,600 with support near 22,100–22,200 levels, says Aamar Deo Singh, Angel One.

Dabur’s weak Q3 results highlight ongoing demand challenges. Q4 is expected to be slightly better, with focus shifting to future guidance from tech, pharma, and textile companies amid US market pressures, says Sudip Bandyopadhyay, Group Chairman, Inditrade Capital.

U.S. Treasury yields dipped on Thursday, after a solid 10-year note auction and pause in some trade tariffs on Wednesday helped the market stabilize from a sharp bond market selloff earlier this week.

Trump’s 90-day tariff pause, excluding China, sparked the biggest US stock rally since 2008. Indian markets, shut for a holiday, may see gains Friday. A possible revival of foreign inflows and trade hopes lift sentiment, despite economic uncertainties.

Anand Rathi Wealth, a part of Mumbai-based financial services group Anand Rathi, on Thursday reported a 30 per cent jump in profit after tax (PAT) to Rs 74 crore in the March quarter