DLF reported a marginal decline in quarterly profit as revenue dropped sharply amid lower project recognition. Strong collections, healthy bookings and rising rental income supported performance. The realty major maintained robust cash generation, improved annual profitability and recommended a dividend for FY26 shareholders.
The S&P 500 was subdued at the open on Wednesday, as hotter-than-anticipated producer prices reinforced bets that the Federal Reserve would keep monetary policy restrictive all through this year.
Wholesale prices in the United States rose sharply in April, pushed by a surge in energy costs related to the Iran war, registering their highest 12-month increase in more than three years. The wholesale prices came a day after US consumer inflation also came in at a three-year high, registering at 3.8 percent year-on-year in April.
Domestic equity markets snapped a four-session losing streak with marginal gains on Wednesday. Hindustan Zinc, Vodafone Idea, Dixon Technologies and Texmaco Rail rallied sharply.
Benchmark indices ended marginally higher as five BSE 150 Midcap stocks touched fresh 52-week highs, reflecting strong investor sentiment and bullish momentum. Vodafone Idea, SAIL, MCX, Laurus Labs and Ajanta Pharma recorded notable monthly gains, signalling sustained buying interest despite subdued broader market performance overall.
Kaynes Technology posted robust quarterly revenue growth driven by strong electronics manufacturing demand and expanding execution across sectors. However, higher material, employee and finance costs weighed on profitability. The company continued benefiting from localisation trends, government incentives and rising outsourcing demand across industries.
Legendary investor John Templeton stressed diversification as a key safety factor. It means spreading investments across various assets. This approach helps manage risk and reduces losses from unexpected market shifts. During uncertain times, diversified portfolios offer more stability. Humility and avoiding overconfidence are crucial. This strategy helps investors preserve capital and navigate market changes with confidence.
Twelve stocks held by over 100 mutual fund schemes have surged up to 75% in just four months of 2026, underscoring strong institutional conviction and market momentum.
Shares of Steel Authority of India (SAIL) jumped 14% on Wednesday, driven largely by a short squeeze as traders with heavy bearish derivative positions were forced to cover shorts. Extremely high MWPL utilisation and concentrated bets among a few clients amplified the rally as stop-loss triggers accelerated buying pressure.
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