Market News

Ashok Leyland reported a 4.5% YoY rise in Q3 FY26 net profit to ₹796 crore on 22% revenue growth, supported by strong volume momentum across MHCV, LCV, and exports.

Lenskart reported a strong December quarter, with revenue up 38% YoY to ₹2,308 crore and net profit jumping sharply to ₹133 crore, supported by better margins and operating leverage.

Spot gold prices climbed to $5,038.66, holding above $5,000 after a sharp 13% fall from its $5,595 record high, as weak US retail sales strengthened expectations of Fed rate cuts.

JSW Motors’ $3 billion auto venture may face delays in its planned second-half launch as approvals for China-sourced safety components remain pending.

Divi's Laboratories reported a Q3 profit miss, mainly impacted by a 19% increase in raw material costs and a one-time labour law compliance charge. Read more on how the rising operational expenses weighed heavily on the company's bottom line.

State-run financial firms plan to raise ₹175 billion through bond sales this week despite elevated borrowing costs. Investors are watching prices closely as yields remain high and near-term rate cuts appear unlikely.

Indian textile stocks fell up to 6% as Bangladesh’s RMG exports near $39bn gain access; India exports $37.5bn, while record 4.13 million bales of cotton imports pressure margins in the FY25 period.

JM Financial has issued a "Buy" rating on Bharat Heavy Electricals Ltd (BHEL) with a 40% upside from the government’s Offer for Sale floor price. Understand how, supported by a ₹2.23 lakh Cr. order book, BHEL is set for higher margin expansion and growth.

SEBI has asked commodity exchanges and clearing corporations to maintain IT capacity at twice the projected peak load, introduce real-time monitoring, and act at 75% utilisation, tightening technology oversight.

SEBI plans a dedicated digital portal and LODR review to simplify SME listing compliance, as IPO activity remains strong. The move aims to widen regional participation, improve transparency, and strengthen investor protection.

Benchmark indices extended losses as Sensex fell almost by 559 points and Nifty dropped approx 147, dragged by sharp declines in IT stocks. Financial shares limited damage, while midcaps and smallcaps also closed lower.

Indian equity markets are likely to open steady to mildly higher today, supported by continued foreign investor buying, firm global cues and optimism around an interim India–US trade deal.