Abhinav Ranjan
Abhinav Ranjan
The 30-share BSE Sensex surged 1,096 points or 1.42 per cent to make an intraday high of 78,281 on Friday. The 50-share NSE Nifty made a high of 24,367, up 295 points or 1.2 per cent.
According to NSE data, several institutional investors bought shares of Laser Power & Infra through open-market transactions after its listing on Thursday.
Wipro's net profit in the first quarter rose less than a per cent to ₹3,325 crore, compared to a year earlier even as revenue rose 10.6 per cent to ₹24,480 crore.
Brokerages expect Reliance Industries to deliver healthy performance in the June quarter of FY2027, with strength across O2C, Retail and Jio.
Today's rally came after Abakkus Investment Managers Pvt Ltd, owned by ace investor Sunil Singhania, acquired 29,39,588 shares of Mrs Bectors Food Specialities through a bulk deal.
HDFC AMC has reported 12% Y-o-Y growth in consolidated PAT at ₹837.13 crore for Q1. Its revenue from operations grew by 13.6% Y-o-Y to ₹1,099.72 crore, while AUM stood at ₹9.35 trillion.
Laser Power share price: Shivani Nyati of Swastika Investmart has advised existing shareholders to stay invested for the medium to long term, while suggesting fresh accumulation on dips.
Analysts said concerns over agri stocks are justified due to the rainfall deficit, but suggested investors to stay selective rather than avoid the sector altogether.
Groww share price target: Rajesh Palviya said that looking at the business volumes and traction on its platform, the stock has potential to extend the rally from current levels and move towards ₹260
Wipro Q1 results preview, interim dividend: Along with its Q1 results, Wipro's board may also recommend an interim dividend for shareholders, according to an exchange filing.
IDBI Bank privatisation news: A Bloomberg report said that Fairfax Financial Holdings, founded by Indian-born Canadian billionaire Prem Watsa, might raise its per-share bid by a few rupees.
Today's rally in Nuvoco Vistas Corporation was buoyed by the company's Q1 results, in which its consolidated profit rose 20 per cent Y-o-Y to ₹159.63 crore.
Kotak Institutional Equities said that defence companies are well-positioned to benefit from rising geopolitical tensions, accelerating modernisation programmes and an expanding export opportunity.
Notably, aviation turbine fuel (ATF) accounts for about 40 per cent of airline operating expenses, making airlines highly sensitive to crude prices.
TCS reported a 4.61 per cent Y-o-Y increase in its net profit to ₹13,349 crore for Q1 FY27. Its revenue jumped by 13.9 per cent Y-o-Y to ₹72,275 crore.
VK Vijayakumar, chief investment strategist, Geojit Investments, said that there are market indications that things may not deteriorate as feared.
Natco Pharma has announced investments of nearly ₹2,500 crore in South Africa, including infusing ₹1,400 crore in its arm in the country with an aim to enter new geographies.
Why market is down today: US President Donald Trump said that the interim agreement with Iran is "over" but he will allow talks to continue.
Kalyan Jewellers has reported a 38% Y-o-Y increase in consolidated revenue for the first quarter of FY2026-27, driven by strong performance in both Indian and Middle Eastern markets.
Q1 earnings preview: ICICI Securities said that OMCs could report significant losses, driven by higher retail fuel losses, inventory losses and a sharp rise in LPG under-recovery.