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BPCL reported a 141% YoY rise in Q1FY26 net profit to Rs 6,839 crore, driven by higher margins and stable revenue. Sequential profit rose 56%, while GRM fell to $4.88/barrel. Downstream petroleum remained the dominant revenue contributor.

Dipan Mehta of Elixir Equities expresses disappointment in the banking sector s recent performance, citing increased competition hindering growth. Excluding PSU banks, many NBFCs and private banks have underperformed. Mehta suggests investors look beyond banking for market outperformance, highlighting potential in capital goods, power equipment, and select two-wheeler companies. While pockets of growth exist, consistent exceptional performance across industries remains challenging.

ETMarkets data shows 11 mutual fund-backed stocks have surged 40–82% in FY26, led by Delhivery, GE Vernova, and Hitachi Energy, reflecting strong institutional interest and robust market performance.

Gold prices on MCX fell Rs 1,500 this week after touching a record high, while silver remained firm. Softer U.S. CPI data boosted rate-cut hopes, supporting bullion. Analysts expect continued volatility amid tariff uncertainty, geopolitical events, and key U.S. economic releases, with gold and silver seen trading within defined weekly ranges.

Suzlon Energy shares slipped over 4% in Wednesday’s trade, but brokerages remain largely bullish, lifting price target to as high as Rs 80 on the back of record first-quarter deliveries, robust order inflows, and a strong domestic demand outlook.

European shares advanced on Wednesday, with technology and defence stocks leading gains, as global mood remained buoyant after tame U.S. inflation data cemented expectations of interest rate cuts by the Federal Reserve.

Kotak Securities anticipates muted earnings growth, revising FY26 projections downward due to weaker economic commentary. They recommend a cautious investment approach, favoring domestic-focused sectors like hospitals, hotels, airlines, and select NBFCs. While IT and consumer sectors may underperform, attractive valuations in private banks offer relative appeal despite modest earnings growth.

Japan s Nikkei share average breached the 43,000-mark for the first time on Wednesday, with the broader Topix index also scaling a fresh all-time peak, tracking Wall Street s overnight gains and extending the rally to a sixth straight session.

JSW Cement will list on BSE and NSE Thursday, with grey market signals pointing to a modest 3% premium debut. The Rs 3,600 crore IPO saw strong QIB-led demand. Brokerages advise subscribing for long-term gains, citing growth prospects, capacity expansion, sustainability focus, and JSW Group synergies despite rich valuations.