Multi Commodity Exchange of India shares surged on Thursday. The company reported a significant 151% year-on-year jump in net profit for the quarter ended December 31, 2026. This bullishness was further fueled by rising gold and silver prices. Higher trading volumes directly boosted MCX revenues and operational performance. The exchange also saw substantial growth in trading activity across segments.
Investors are looking for a Budget that encourages growth without weakening fiscal stability. A focus on productive capex, selective incentives and realistic revenue planning usually enhances confidence. The interplay between market-friendly policy choices and fiscal pressures will shape the overall response.
GRSE shares rallied sharply after the defence shipbuilder posted strong year-on-year growth in profit and revenue for the December 2025 quarter. Higher operational scale, steady margins and a second interim dividend announcement boosted investor sentiment.
Motilal Oswal Financial Services believes regulatory pressures on broking are easing. The firm anticipates renewed growth in the broking sector. Asset management and private equity businesses are performing strongly. Motilal Oswal is raising new funds and expanding its presence in alternative investments. Wealth management shows resilience despite market fluctuations. The company remains optimistic about long-term equity market growth.
Foreign institutional investors (FIIs) significantly reduced their holdings in Indian equities during the December quarter, selling nearly two stocks for every one purchased, with smallcaps bearing the brunt. This exodus, driven by high valuations and modest earnings growth, saw FIIs divest from 814 stocks while acquiring only 478 across various market segments.
Gold and oil prices surged as geopolitical tensions escalated and the Federal Reserve maintained its stance on interest rates. Gold broke above $5,550, while oil advanced on concerns over Iran. US equity futures dipped amid mixed tech earnings, with investors awaiting further clarity on interest rate paths.
Markets showed high volatility but gained over half a percent as investor optimism returned, with the Nifty index nearing a crucial 25,350 level. Several companies, including ITC, Vedanta, and Tata Motors, are in focus due to Q3 results and other corporate developments.
Indian stock markets closed higher on Wednesday. Positive global sentiment and optimism surrounding the India-EU Free Trade Agreement fueled the gains. Analysts anticipate this upward trend to continue. Upcoming budget expectations and ongoing Q3 earnings season are also contributing factors. Global markets showed mixed movements. Foreign investors were net buyers.
The Indian rupee fell 31 paise to close at 91.99 against the US dollar on Wednesday, marking its lowest closing level for the second time in under a week. Increased month-end demand for the greenback and ongoing geopolitical tensions weighed on investor sentiment, offsetting an initial stronger opening.
A major winter storm that hit the United States in recent days is expected to cause billions of dollars in insured losses, analysts at brokerage UBS said in a note.
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