News

Market breadth turned positive as the session progressed, with the NSE advance-decline ratio improving to 2:1, indicating broader buying interest. The Nifty Bank index recovered strongly, gaining 100 points to close at 51,549 after rising over 3% from its intraday lows. However, the Midcap index underperformed, slipping 142 points to end at 53,677.IT stocks led the recovery, accounting for four of the top five Nifty gainers, including HCLTech, Tech Mahindra, Wipro, and Infosys. Banking names also supported the rebound, aiding the late-session pullback.Among other movers, metal stocks like Hindalco and Nalco advanced on the back of rising aluminium prices. Bosch surged over 5% ahead of a board meeting to consider a preferential issue, while Page Industries gained 4% amid continued buying interest.On the downside, Eicher Motors emerged as the top Nifty loser, falling over 2% following its monthly sales update. Sun Pharma also ended in the red, though it trimmed losses to close off intraday lows.In the broader market, midcap stocks faced selling pressure, with SRF, Polycab Group Electro, Amber Enterprises, and Biocon featuring among the top losers.Meanwhile, the Indian rupee strengthened against the US dollar, rising by ₹1.70 to 93.15, supported by the RBI’s recent measures aimed at stabilising the currency.

Nifty pared early losses to close in the green at 22,713.10, up 33.70 points, or 0.15%. Sensex also ended 185 points to close at 73,319.55. The Indian rupee ended sharply higher by 173 paise at 93.10 per dollar on Thursday, compared to Monday’s close of 94.83, amid strong gains in the domestic currency.

Emcure Pharma cuts Poviztra starting dose price by 55% to widen patient access.

 “The government continues to focus on defence, awarding contracts as we remain close enough to the war to be concerned. This makes the sector crucial. At the same time, the government is maintaining its push on infrastructure, benefiting cement and steel companies.Additionally, metals, rare earths, and domestic manufacturing-linked businesses are likely to perform well. On the flip side, IT remains under pressure. While the war adds to uncertainty, the structural challenges were already present due to the rise of AI. Even the Big Four have been under strain and are still significantly below their peaks.There is also stress building in consumption. Many white goods buyers are from the IT sector, where layoffs and weak demand are becoming more common. This could lead to defaults, first impacting NBFCs and eventually banks.Overall, unless one is in manufacturing with strong demand for their product, the environment remains challenging. Being in the right business is key in the current scenario.”“I don’t think the worst is over yet, as uncertainty persists based on what the US President says from one day to the next. There were high expectations that he would signal something positive—perhaps an exit from the war or some de-escalation—but that did not happen. Instead, he spoke about the Supreme Court and issues around citizenship by birth, which was not what markets were expecting.The reality is that we are living in uncertain times. The Strait of Hormuz remains closed, disrupting the supply of essential goods. Oil is still hovering around $100 a barrel, which is not good for India.”

The volatility index climbed 5.3% to 26.61, taking its year-to-date gain to 83%, indicating heightened market uncertainty.Shares of RPSG Ventures extended their rally, surging 9% to ₹1,027.80 on the BSE in Thursday’s intra-day trade, supported by heavy volumes.

As of 3:00 PM, the Nifty50 was trading 0.07 per cent at 22,667.50, while the Sensex was down 0.06% at 73,104.

The Clearing Corporation of India Ltd (CCIL) has imposed 20% initial margin as a volatility margin in the foreign exchange (FX) forward segment, citing heightened market fluctuations.The move comes amid increased volatility in currency markets, with sharp movements in the rupee prompting risk management measures from the clearing house.

Bluestar

Havells

KEC International

Godrej Properties

Former diplomat Anil Trigunayat describes the growing risks associated with the conflict in West Asia, cautioning that uncertainty surrounding the Strait of Hormuz and possible disruptions to the energy supply might keep oil prices high.

The price of the crude standard, Brent, has surged further, rising to $109 in intraday trade.

Sacchitanand Uttekar, VP- Research (Derivatives & Technicals), Tradebulls

Manish Hathiramani, Proprietary Trader & Technical Analyst, Deen Dayal Investments

As the Nifty index recovered from lows of the day, these are the stocks that led the recovery.

Chandan Taparia, Head Derivatives & Technicals, Wealth Management, Motilal Oswal Financial Services

HBL Engg | Gets LoA For A KAVACH  Order Worth `180 Cr

Hemal Thakkar, Senior Director & Senior Practice Leader, Crisil Intelligence –

FY26 was a year of two halves, wherein the first half was largely muted across segments, while the second half has seen a significant reversal in trend on account of GST-led price cuts.

The shares of Vedanta recovered from lows of the day and are now trading in the green.

Fitch Upgrades Vedanta Resources To ‘BB-‘, Outlook Stable

Overall Disbursement Up 31.1% YoY & Up 17.7% QoQ At ₹9,763 Cr

These are the top 5 leading stocks in Nifty 500.

The top 5 gainers at the Nifty 50 index are:

The Nifty IT index, along with the larger market, is on the rise and is now trading in green.

Market at day’s high, Nifty above 22,600, recovers over 400 pts from lows, Midcap & Sensex sees recovery of over 1,400 pts each, & Nifty Bank recovers over 1,200 pts from the lows

The Nifty Bank index is on the rise and has recovered a colossal 1,300 points from the lows of the day.

Dipan Mehta, Director, Elixir Equities

On defence

The markets have continued on the trajectory of recovery.NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.