Although the benchmark indices opened higher, they traded positive throughout the session and eventually closed in green.
India’s stock indexes Sensex and Nifty50 closed higher on Thursday, led by gains in information technology (IT) and banking stocks, even as selling pressure weighed on stocks in the pharmaceutical sector and consumer durables.
At the closing bell, the BSE Sensex closed higher by 187 points (+0.2%).
Meanwhile, the NSE Nifty closed 28 points higher (+0.1%).
Tech Mahindra, Infosys and HCL Tech are among the top gainers today.
Eternal, Asian Paints and Sun Pharma were among the biggest losers today.
The GIFT Nifty was trading 47 points lower at 25.7367 at the time of writing.
The BSE MidCap index ended 0.1% higher and the BSE SmallCap index ended 0.5% lower.
Sector indices are trading mixed today, with energy and healthcare stocks seeing selling pressure. Meanwhile, stocks in the oil and gas and banking sectors witnessed buying.
Now follow the biggest gainers in the stock market using stocks to watch today’s segment. This should help you keep up to date with the latest developments…
The rupee is trading at Rs 90 against the US dollar.
Gold prices for the latest contract on MCX are trading 0.1% lower at Rs 143,006 per gram.
Meanwhile, silver prices were trading 0.1% higher at Rs 291,750 per 1 kg.
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He says some bubbles are useful because they help powerful technologies like AI grow faster, even if prices initially rise too much.
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HBL Engineering drops on order Miss
In industrial sector news, shares of HBL Engineering came into focus after it failed to receive any tender in an Indian Railways tender for the CLW Loco Kavach project. The tender was for 6,300 locomotive units.
The company also said that total expected Kavach orders for the current fiscal year have been reduced to 12,129 locomotives from the previous estimate of 18,429 units.
HBL Engineering now expects Kavach-related revenue of around Rs 18.8 billion in FY26.
In total, the company has orders worth Rs 900 crore in inventory, which will be invoiced in the next financial year.
For FY27, HBL Engineering in Kavach expects revenues of Rs 10 billion from locomotives and Rs 9 billion from station-related systems.
Kavach is a very important product for HBL Engineering as it accounts for a large portion of orders and profits, according to its FY25 annual report.
In FY25, Kavach, chargers and train electronics together contributed around 29% of the company’s total revenue.
Kavach is a train collision avoidance system developed in India. In September 2024, HBL Engineering became the first company to successfully demonstrate the new Kavach system on the West Central Railway route between Kota and Sawai Madhopur. After this successful trial, Kavach orders started coming in the following month.
Jio Financial Services Q3 results
Looking at news from the financial services sector, Jio Financial Services shares came into focus after the company reported its Q3 FY2026 results.
Total revenues for the quarter doubled and rose 101% year-on-year at Rs 9.01 billion, compared to Rs 4.49 billion in Q3FY25.
Operating profit before provisions rose 7.3% year-on-year to Rs 3.54 billion from Rs 3.30 billion as the increase in revenues was partially offset by higher costs.
The company’s assets under management (AUM) also grew 29% sequentially to Rs 190.49 billion by the end of Q3FY26, compared to Rs 147.12 billion at the end of Q2FY26.
Jio Financial Services reported a nearly 9% year-on-year decline in consolidated profit to Rs 2.69 billion for the December quarter. In the same quarter last year, the company’s profit stood at Rs 2.95 billion.
Kernex Microsystems shares Jump on Order
In terms of news from the tech sector, shares of Kernex Microsystems came into focus after the company announced that it had secured an order worth Rs 24.6 billion from Chittaranjan Locomotive Works.
Kernex Microsystems has been awarded an order to supply, install, test and commission 3,024 sets of KAVACH on-board locomotive equipment, according to the latest RDSO specifications (version 4.0 or newer).
Kernex is a company that designs, develops and implements advanced electronic systems, mainly for the rail sector.
The company has a strong track record in delivering safety-critical solutions such as level crossing protection systems, anti-collision systems and train passenger information systems (KTPIS).
With deep expertise in embedded systems, Kernex handles everything from hardware and software design to testing and system integration, offering complete end-to-end solutions.
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