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covering exciting investing ideas and opportunities in India.
Indian markets traded positive throughout the session and ultimately closed green.
Indian equity benchmarks indices, Sensex and Nifty50 ended higher tracking gains in auto, oil and gas stocks.
At the closing bell on Wednesday, the BSE Sensex closed 118 points higher (up 0.1%).
Meanwhile, the NSE Nifty closed 41 points higher (up 0.1%).
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Bajaj Finance, NTPC, Axis Bank are among the top gainers today.
Bharat Elec, Tech Mahindra, Tata Steel on the other hand, were among the top losers today.
For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.
The BSE 150 Midcap index is trading 0.5% higher and the BSE 250 SmallCap index is trading 0.1% higher.
Sectoral indices were trading mixed on Wednesday with stocks FMCG sector and IT sector witnessed selling pressure. Meanwhile, stocks in power sector and oil & gas sector witnesses buying.
Speaking of stock markets, Rahul Shah highlights that short-term market movements are often noise, and investors should instead focus on long-term wealth creation with a 7-year horizon.
He emphasizes investing in fundamentally strong companies with stable earnings, low volatility, and reasonable valuations to manage risk effectively. He also notes that a disciplined, data-driven approach helps investors avoid emotional decisions and achieve better long-term outcomes.
Watch to know more.
Karnataka Bank share price will be in focus today.
For the January-March quarter of FY26 (Q4FY26), Karnataka Bank reported a net profit of Rs 4.08 billion (bn) compared with Rs 2.91 bn in Q3FY26, registering a growth of 40% quarter-on-quarter.
The lender's CASA deposits increased to Rs 365.60 bn in the March quarter from Rs 328.29 bn in the preceding quarter (Q3). The CASA ratio stood at 33.61% as of March 31, 2026, compared with 31.53% as of December 31, 2025.
PI Industries shares will also be a top buzzing stock.
In the March 2026 quarter, PI Industries reported a consolidated net profit of Rs 2.0 bn, down 39.4% YoY from Rs 3.31 bn in the year-ago period. The company's revenue declined 12.4% to Rs 15.65 bn compared with Rs 17.87 bn a year earlier.
Its EBITDA dropped 26.1% to Rs 3.37 bn, while EBITDA margin contracted to 21.5% from 25.5% in the corresponding quarter last year.
Lenskart Solutions Ltd reported revenue of Rs 90.02 billion (bn), marking a 35% increase from Rs 66.53 bn in FY25. Net profit rose 38% YoY to Rs 5.30 bn from Rs 3.85 bn.
The reported a 7% decline in net profit to Rs 2.04 bn in Q4FY26, compared to Rs 2.20 bn in Q4FY25, according to regulatory filings. However, revenue from operations surged 45% YoY to Rs 25.18 billion from Rs 17.28 bn, driven by strong demand for its products and services.
Out of the total FY26 revenue, around Rs 52.65 billion (58%) was contributed by the Indian market, while global markets accounted for nearly Rs 37.90 bn (42%). The company sold 28.8 million units in India during FY26, up from 22.9 million units in FY25, while sales in international markets increased to 6.5 million units from 5.4 million units.
Lenskart's India average selling price (ASP) increased 15.9% YoY in Q4FY26 to Rs 1,865.
According to the management, the growth was driven by a continued shift towards premium products and the normalization of last year's base, which was impacted by the New Lens Replacement offering launched in Q4FY25.
Further, the company nearly doubled its net store additions, increasing from 282 stores in FY25 to 542 stores in FY26.
The Indian rupee fell to a record low on Wednesday as stalled US-Iran peace talks kept oil prices elevated, driving global bond yields higher and hurting equities amid fears of further central bank rate hikes.
The rupee slid to 96.96 per dollar, breaching its previous record low of ?96.6150 hit in ?the ?prior session, and ended the day at 96.82.
The currency has fallen over 6% since the Iran war began in late February. Global bond markets extended their selloff as investors increased bets that the Federal Reserve may need to raise interest rates further in 2026.
Oil prices eased but stayed near $110 a barrel after US President Donald Trump said he may still strike Iran, ?a day after ?delaying an imminent attack to allow more talks with Tehran.
Higher energy prices and weak capital flows, compounded by rising bond yields, ?have raised fears of a steep balance of payments deficit for India this fiscal year.
Power sector stocks witnessed strong buying interest on Wednesday, with the BSE Power Index rising 2% in intra-day trade, supported by robust earnings growth and a healthy sector outlook.
Among individual stocks, Hitachi Energy India hit a fresh all-time high of Rs 35,495, surging 6% during intra-day trade on the BSE.
Shares of Siemens Energy India rallied 9% to Rs 3,455 amid heavy trading volumes. The stock traded close to its 52-week high of Rs 3,624 touched on September 23, 2025.
Meanwhile, GE Vernova T&D India advanced 9% to Rs 4,800 in intra-day deals, nearing its 52-week high of Rs 4,849.85 recorded on May 8, 2026.
Other major power and industrial players, including Siemens, ABB India, and CG Power and Industrial Solutions, also gained around 4% each during the session.
To know what's moving the Indian stock markets today, check out the most recent share market updates here
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