The jump, if sustained, would mark the best day for the stock since a robust earnings reports in May 2002 sparked a furious rally in the aftermath of the dotcom crash.
Jio Financial Services saw a ₹62 crore block deal as Goldman Sachs sold 26.75 lakh shares to Morgan Stanley. The stock gained 1.12% despite weak one-year performance and a 14% YoY profit decline in Q4FY26, even as revenue and AUM posted strong growth during the quarter.
Nifty 50 closed higher for a second straight session, driven by banking, metal and pharma stocks despite IT weakness. Analysts see 23,800 as a crucial resistance level, while recommending Zydus Lifesciences and Solar Industries India for near-term gains on strong technical indicators and bullish momentum.
Revenue for the quarter under review grew nearly 73.73 per cent year-on-year (YoY) to Rs 1,237 crore from Rs 712 crore a year ago, Shadowfax said in a regulatory filing.
Domestic equities rallied for a second day on Thursday, with banks, metals and pharma powering gains even as IT lagged, while several major stocks saw sharp moves on earnings and announcements.
Legendary investor Lou Simpson emphasised that predicting short-term market swings is unlikely to yield consistent results due to inherent unpredictability. Focusing on long-term business fundamentals and patience allows for compounding wealth, rather than succumbing to emotional reactions driven by daily market noise. Successful investing involves managing uncertainty through discipline and a long-term perspective.
The Indian rupee hit an all-time low, driven by high oil prices and portfolio outflows straining the economy. Policymakers are considering tax reductions for foreign investors on bonds to attract dollar inflows. Persistent balance of payments deficits and rising wholesale inflation signal ongoing rupee weakness.
A surge in block trades is signaling a potential revival in India’s equity capital markets after a sluggish start to 2026. Large deals, including stake sales in Adani Ports and Special Economic Zone and investment platform Groww, have pushed May block trade proceeds to Rs 200 billion, the highest this year, boosting optimism amid weak IPO fundraising and underperformance in Indian equities.
Hudco posted a 172% rise in Q4 consolidated net profit to Rs 1,981 crore, driven by higher interest income and a substantial deferred tax gain. Revenue from operations climbed 25%, while annual profit rose 49%. The board also recommended a final dividend of Rs 1.5 per share for FY26.
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