The Nifty50 and the Sensex rose and metal and realty stocks supported while traders navigated the tricky geopolitical situation amid uncertainty over the US-Iran deal.
As of 11:00 AM, the Nifty was up 54.75 points or 0.23 per cent at 23,968.45, and the Sensex rose 129.28 points or 0.17 per cent to 76,138.98.
Hindalco Industries, NTPC, Eternal, and Adani Ports and Special Economic Zone were the top gainers in the Nifty50 index.
In the broader markets, the Nifty MidCap and the Nifty SmallCap indices were trading 0.49 per cent and 0.22 per cent higher, respectively.
Sector-wise, the Nifty Metal and the Nifty Realty outperformed. The Nifty Oil and Gas and the Nifty Private Bank were the underperformers in the early trade.
The US carried out strikes in southern Iran on Tuesday, despite Washington constantly claiming that the negotiations are on and a deal is likely to be reached soon. This underscored the fragile state of the ceasefire between the two countries, weighing on investors’ minds.
Q4 results today
Twentyfirst Century Management Services, AB Cotspin India, Accel, ACE Edutrend, Achyut Healthcare, Advait Energy Transitions, Axiscades Technologies, AJC Jewel Manufacturers, Ashiana Housing, Bajaj Steel Industries, Bajel Projects, Bal Pharma, Bata India, Blue Chip India, Coffee Day Enterprises, Concord Drugs, Cello World, DCX Systems, Dynamic Industries, Elgi Equipments, Futuristic Securities, Gillette India, Global Defence Industries, GMR Airports, Godavari Drugs, IFL Enterprises, IL&FS Engineering and Construction Company, Indostar Capital Finance, Indo Credit Capital, KIOCL, Mudra Financial Services, One Point One Solutions, PC Jeweller, Ramky Infrastructure, and Shalby will release their fourth-quarter result (Q4FY26).
IPO Today
Yaashvi Jewellers’ initial public offer enters its third day of subscription. The company is aiming to raise ₹43.88 crore from the primary market.
SMR Jewels IPO will enter its second day of subscription. It’s a book-build issue of ₹67.23 crore. The price band for the issue is ₹128 to ₹135 per share. The lot size is 1,000 shares.
Similarly, Rajnandini Fashion India IPO will enter their second day of subscription. The company seeks to raise ₹18.21 crore through the initial offer. The price band for this offer is ₹59 to ₹63 per share. The lot size for an application is 2,000 shares
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