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Indian liquor stocks fell up to 5% after the India–UK FTA announced steep duty cuts on Scotch whisky and gin imports, sparking fears of rising competition for domestic players. The deal, signed May 6, boosts UK exports and threatens premium segments of local liquor firms.

MRF Ltd s shares surged after reporting a 31% year-on-year increase in Q4 net profit, reaching Rs 498 crore. The company s revenue from operations also rose by 12% to Rs 6,944 crore. Alongside these strong results, MRF announced a final dividend of Rs 229 per share, bringing the total dividend for FY25 to Rs 235 per share.

Given this standout performance, 12 stocks within the Nifty Defence Index emerged as multibaggers, delivering stellar returns over the past two years.

Mouri Tech plans to raise 1,500 crore through a refiled IPO, including 250 crore in fresh issue and 1,250 crore via offer for sale by promoters and shareholders. Proceeds will be used for debt repayment, investment in subsidiaries, acquisitions, and general purposes. The company may consider a pre-IPO placement of up to 50 crore in consultation with the book-running lead managers.

Indian equities closed higher on Wednesday despite geopolitical tensions. The Sensex gained over 100 points, and the Nifty topped 24,400, led by buying in realty, auto, power, and banking stocks. BSE, SRF, and Marico hit fresh 52-week highs.

India s flexible office space market is poised for significant growth, with five major players planning IPOs to raise over Rs 7,000 crore in the next 12-18 months. This surge is fueled by rising demand for flexible workspaces among startups, SMEs, and large enterprises.

Sensex rose 105 points, with seven BSE 500 stocks hitting 52-week highs. Ceat, Anupam Rasayan, Aster DM, and others saw significant gains, reflecting strong market momentum and growth potential.

Titan is expected to post Q4FY25 profit growth between 0.7% and 19%, with revenue rising 3.2% to 14%. Brokerages differ in estimates, citing jewellery margins, rising gold prices, and operational efficiency as key factors driving performance and risks.

Wall Street s main indexes opened slightly higher on Wednesday as investors hoped for a de-escalation in trade tensions with Beijing and awaited the Federal Reserve s decision on interest rates later in the day.