Nifty ended marginally lower despite showing a consolidation breakout and improving technical indicators. Analysts expect bullish momentum to continue with upside potential in the near term. Nippon Life India Asset Management and Bharat Dynamics were highlighted as attractive trading opportunities based on strong chart patterns.
Kennametal India reported sharp growth in quarterly revenue and profit, supported by strong demand for hard metal products and volume expansion. Rising raw material costs increased expenses, while the company highlighted supply chain management efforts and announced an interim dividend for shareholders.
Global investment firm Carlyle reported lower-than-expected profit for the first quarter on Thursday, as asset sales failed to translate to income for shareholders.
Cloud security firm Datadog has boosted its annual forecast. The company surpassed Wall Street expectations for its first quarter. This surge is due to strong demand for its cloud security products. Increased artificial intelligence adoption and cloud migration are fueling this growth. Datadog now anticipates higher revenue and profit for the full year 2026.
Fast food chain operator Shake Shack on Thursday swung to a quarterly loss and missed revenue estimates, hurt by rising commodity costs such as that of beef and weak consumer spending, sending its shares down about 28% in early market trading.
Market regulator Sebi on Thursday settled proceedings against four entities in a case related to alleged diversion of funds involving erstwhile Indiabulls Real Estate Ltd after they paid a total settlement of about Rs 10.49 crore.
Market regulator Sebi on Thursday discontinued the Investor Risk Reduction Access (IRRA) platform for stock brokers with immediate effect, citing its redundancy amid stronger business continuity and cyber resilience frameworks in the securities market.
Bagmane Prime Office REIT received record investor participation and strong oversubscription in its Rs 3,405 crore IPO. Backed by Blackstone and Bagmane Group, the trust offers exposure to premium Bengaluru office assets, high occupancy levels and global technology tenants ahead of its market listing.
The S&P 500 and Nasdaq reached record highs on Thursday, driven by a significant drop in oil prices. Hopes for a U.S.-Iran peace agreement could normalize crude supplies through the Strait of Hormuz, boosting market sentiment. The Dow Jones Industrial Average also saw gains.
The Indian rupee turned sharply higher on Thursday afternoon, boosted by a slump in crude oil prices, with stop-losses on short rupee wagers and dollar sales in the non-deliverable forward market also lifting the currency, traders said.
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