Sensex Today Ends 516 Points Lower | Nifty Below 24,200 | SBI Plunges 6%

Closing

After opening the day lower, Indian market dragged further as the session progressed and ended the 0.6% lower.

The Indian stock market extended losses for the second consecutive session amid fresh escalations in the war between Iran and US.

At the closing bell, the BSE Sensex  closed lower by 516 points (down 0.6%).

Meanwhile, the NSE Nifty closed 150 points lower (down 0.6%).

Stay updated with real-time market insights, click here to access our Live Blog page.

Titan, Asian Paints and Apollo Hospital among the top gainers today.

SBI, Coal India and Axis Bank on the other hand, were among the top losers today.

The GIFT Nifty was trading at 24,223 down by 175 points at the time of writing.

The BSE 150 Midcap index ended marginally lower and the BSE 250 Smallcap index ended 0.1% higher

Sectoral indices were trading mixed today with stocks in power sector and banking sector witnessing selling pressure. Meanwhile stocks in IT and consumer durables sector witnessed Buying speer.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

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The rupee is trading at 94.44 against the US$.

Gold prices for the latest contract on MCX are trading 0.3% higher at Rs 152,708 per 10 grams.

Meanwhile, silver prices were trading 1.1% higher at Rs 261,525 per 1 kg.

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.

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Why Firstsource Solutions Jumped Over 18% Today?

Shares of Firstsource Solutions surged over 18% after the company reported strong results for the March 2026 quarter and FY26.

In the March 2026 quarter, revenue rose 19.5% YoY to Rs 25,835 million (m). Growth remained healthy due to improved operational efficiency and disciplined cost control.

Its EBIT increased 29.8% YoY to Rs 3,143 million, while EBIT margin expanded to 12.2%. Further, the net profit for the quarter grew 27.7% YoY to Rs 2,052 m.

Also, for the full year, the company reported strong numbers.

For FY26, the company's revenue increased 19.7% YoY to Rs 95,564 million. EBIT rose 27.4% YoY to Rs 11,221 million for the year.

Meanwhile, the net profit for the year came in at Rs 7,543 m, up 26.9% YoY.

Firstsource Solutions has guided for healthy growth in FY27, which could continue supporting investor sentiment going forward.

For FY27, the company expects revenue growth of 10% to 13% in constant currency terms. It also expects EBIT margin to remain in the 12.25% to 12.75% range, reflecting continued focus on profitability and operational efficiency.

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Healthcare Stocks Shine

Moving on to the healthcare space, shares of leading diagnostics and healthcare service providers such as Metropolis Healthcare, Thyrocare Technologies, Dr Lal PathLabs, and Vijaya Diagnostic Centre were in strong demand today, rallying up to 14% intraday on the BSE.

Among individual movers, Metropolis Healthcare touched a 52-week high of Rs 574.45, gaining 14% during intraday trade on the back of strong volumes.

Meanwhile, Thyrocare Technologies surged 12% to Rs 526.10, supported by heavy trading activity. A total of 10.23 million shares changed hands across the NSE and BSE. The stock also traded close to its 52-week high of Rs 537.43, last seen on November 17, 2025.

Why Titan Shares are Rising

Shares of Titan Company, the Tata Group's fashion and lifestyle accessories company, surged over 6% to hit a 52-week high of Rs 4,585 on the National Stock Exchange (NSE) after the company reported strong March 2026 quarter (Q4FY26) results.

For the quarter, Titan's consolidated total income jumped 46% year-on-year to Rs 203 bn, compared to Rs 138.9 bn in the same period last year. Earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 28% to Rs 18.8 bn versus Rs 14.7 bn, although EBITDA margin declined by 135 basis points to 9.2% from 10.6%.

Profit after tax (PAT) came in at Rs 11.8 bn in Q4FY26, marking a 35% increase from Rs 8.7 bn in the corresponding quarter of the previous fiscal.

For the full financial year FY26, Titan reported total income of Rs 760.8 bn, up 38% year-on-year, while PAT surged 52% to Rs 50.7 bn.

The company's jewellery segment recorded strong growth, rising 50% to Rs 181.9 bn (excluding bullion and digi-gold sales), reflecting steady consumer demand despite elevated gold prices.

Looking ahead to FY27, he said the company remains optimistic after a strong FY26, but is mindful of macroeconomic volatility and geopolitical uncertainties.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

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Sensex Today Trades Lower | Nifty Below 24,200 | Coal India & Eternal Top Losers of the Day

10:30 am

Asian stocks fell on Friday, with Japanese and South Korean markets coming off record highs as renewed military action between the US and Iran dampened hopes for an end to the war.

US stock markets faced a downturn as tensions between the US and Iran escalated, leading to declines across all major indices.

Here's a table showing how US stocks performed on Thursday:

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	395.30	0.23	0.06%	397.36	390.31	397.36	153.83
Apple	287.42	-0.04	-0.01%	292.13	285.78	292.13	193.46
Meta	616.81	3.93	0.64%	624.98	613.54	796.25	520.26
Tesla	411.81	13.28	3.33%	415.83	402.12	498.83	273.21
Netflix	88.26	-0.01	-0.01%	89.40	88.13	134.12	75.01
Amazon	271.17	-3.78	-1.38%	276.63	270.49	278.56	188.82
Microsoft	420.92	7.05	1.70%	427.98	418.76	555.45	356.28
Dow Jones	49596.97	-313.62	-0.63%	50130.20	49487.97	50512.79	41150.73
Nasdaq	28563.95	-35.22	-0.12%	28825.52	28440.05	28825.52	19907.67

Source: Equitymaster

At present, the BSE Sensex is trading 519 points lower and NSE Nifty is trading 162 points lower.

Apollo Hospital, Adani Ports and Tech Mahindra among the top gainers today.

Coal India, Eternal and Axis Bank on the other hand are among the top losers today.

Stay updated with real-time market insights, click here to access our Live Blog page.

For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.

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 0.2% lower and the BSE 250 Smallcap index is trading flat.

Sectoral indices are trading mixed today with stocks in finance sector and banking sector witnessing selling pressure. Meanwhile stocks in IT and capital goods sector witnessed Buying speer.

The rupee is trading at Rs 94.59 against the US dollar.

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Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

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.

Lenskart Block Deal

A group of existing investors in Lenskart is reportedly planning to sell shares worth nearly Rs 55.5 bnthrough block deals on Friday, according to a Moneycontrol report.

The size of the transaction has increased significantly from earlier estimates of around Rs 32.9 bn, reflecting stronger investor interest and a larger proposed stake sale.

As per the report, the floor price for the deal has been fixed at Rs 470 per share, representing a discount of nearly 3.6% compared to Thursday's closing price of Rs 492.4. The transaction is also said to include an upsize option if investor demand remains robust.

The proposed block deal could involve the sale of up to 7 crore shares. Existing investors, including Birdseye View Holding, TR Capital Mauritius, ABG Capital, and Kariba Holdings are reportedly expected to fully exit their holdings through the transaction.

Meanwhile, Alpha Wave is also likely to participate in the stake sale. However, the report noted that the investor will remain subject to a 90-day lock-in period for any additional share sales after the transaction.

Here's how its shares have performed in past 6 months.

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PNC Infratech Wins UP EPC Project

PNC Infratech has emerged as the L1 (lowest) bidder for an EPC project awarded by the Lucknow Development Authority at a quoted price of Rs 1.9 bn.

The project involves the construction of a 4-lane flyover along with two loops and two ramps at the Shaheed Path intersection on the right-hand side bank of the Gomti River in Lucknow.

The project will be executed on an EPC basis and is expected to be completed within 24 months.

The company stated that neither its promoters nor promoter group entities have any interest in the awarding authority.

It also clarified that the contract does not fall under related-party transactions.

PNC Infratech is among India's leading infrastructure development and construction companies, with operations spanning highways, bridges, flyovers, airport runways, power transmission projects, and industrial area development.

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Britannia Q4 Results

Britannia Industries reported a 22% rise in net profit for the March quarter, supported by steady demand for biscuits and snacks despite supply chain disruptions linked to the West Asia conflict.

Net profit for the quarter ended March stood at Rs 6.8 bn, compared to the same period last year, while revenue grew 7.1% year-on-year to Rs 46.8 bn, according to the company's exchange filing.

Managing Director Rakshit Hargave noted that while the quarter started on a strong note, sales growth moderated in March due to disruptions in the international business caused by geopolitical tensions in West Asia.

He added that the company has taken steps to manage potential risks, including input cost pressures arising from the ongoing conflict, and continues to closely monitor developments.

The company, known for brands like Marie Gold and Good Day, also highlighted that its e-commerce channel now contributes around 6% of domestic business, driven by premium product launches and growing demand in adjacent categories such as croissants and wafers.

To know what's moving the Indian stock markets today check out the most recent share market updates here.

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Bajaj Auto Q4 FY26 Results | Meesho Q4 FY26 Results | Top Buzzing Stocks Today

Pre-Open

Indian benchmark indices traded negative throughout the session and ultimately closed red.

Indian equity benchmarks indices, Sensex and Nifty50 were trading in a narrow range as investors assessed the latest developments in West Asia.

At the closing bell on Thursday, the BSE Sensex  closed lower by 114 points (down 0.1%)

Meanwhile, the NSE Nifty closed 4 points lower

You can also visit our live blog section for real-time updates and deeper insights into the market.

NTPC, Kotak Mahindra, Tata Steel among the top gainers today.

HUL, TCS, ITC on the other hand, were among the top losers today.

The BSE 150 Midcap index is trading 0.9% higher and the BSE 250 SmallCap index is trading 1% higher.

Sectoral indices were trading mixed on Thursday with stocks in IT sector and FMCG sector witnessed selling pressure. Meanwhile, stocks in power sector and auto sector witnessed buying.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

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Speaking of stock markets, Rahul Shah at Equitymaster says Tata Consultancy Services and Infosys are not seriously threatened by AI, as their strong business models still give them an edge.

The real issue is slower growth, not a weakening moat. Using the CAP concept by Michael Mauboussin, he explains that while profits remain stable, lack of growth may keep returns modest.

Watch to know more.

Top buzzing stocks today

Bharat Forge share price will be in focus today.

Shares of Bharat Forge came into focus after the company reported its Q4 FY26 results.

In the March 2026 quarter, Bharat Forge reported a consolidated profit after tax (PAT) of Rs 2.33 billion (bn), marking a decline of 1.4% compared with Rs 2.83 bn in the same quarter last year.

Patym share price will be in focus today.

Shares of One97 Communications, which owns Paytm, came into focus after the company reported its Q4 FY26 results.

Paytm reported an 18.4% year-on-year increase in consolidated revenue from operations to Rs 22.64 bn in the reporting quarter, compared with Rs 19.12 bn in the same period last year.

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Bajaj Auto Q4 FY26 Results

Shares of Bajaj Auto came into focus after the company reported its Q4 FY26 results.

Bajaj Auto reported a strong consolidated performance in Q4FY26, with profit after tax (PAT) surging 103% year-on-year to Rs 36.62 billion, while revenue from operations increased 41% YoY to Rs 178.32 billion.

During the quarter, growth was supported by record volumes, an improved product mix and favourable currency movements, leading to broad-based double-digit expansion across domestic motorcycles, electric two-wheelers, three-wheelers and export markets.

The board of directors also approved a share buyback of 4.69 million shares worth Rs 56.33 billion through the tender offer route at a price of Rs 12,000 per share.

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Meesho Q4 FY26 Results

Shares of Meesho came into focus after the company reported its Q4 FY26 results.

Meesho significantly reduced its quarterly losses in Q4FY26, reporting a net loss of Rs 1.66 billion, down 88% from Rs 13.91 billion in the corresponding quarter last year. The company posted a net loss of Rs 4.91 billion in the preceding quarter.

For the full financial year FY26, Meesho's loss narrowed 66% to Rs 13.58 billion from Rs 39.42 billion in FY25. Revenue from operations during Q4FY26 increased 47.14% year-on-year to Rs 35.31 billion.

During the quarter, net merchandise value (NMV) rose 43% YoY to Rs 113.71 billion, while orders placed increased 43% to 717 million, supported by continued onboarding of new users and higher transaction activity from existing customers.

Adjusted for the earlier ramp-up in the Meesho Blockbuster Sale in Q4FY25, normalized NMV growth for Q4FY26 stood at 39% YoY.

L&T Realty Arm Secures Large Orders

Larsen & Toubro said its Buildings & Factories (B&F) business vertical has secured multiple 'large' orders from a key real-estate client for projects across three Indian states.

One of the orders involves a residential project in Hyderabad, where the scope includes the design and construction of 10 high-rise residential towers, each up to 180 metres tall, featuring two basement levels and 55 floors. The project also includes the construction of two clubhouses.

Another order relates to a luxury high-rise residential tower in Mumbai's Worli area. The scope covers the construction of the RCC shell and core structure for the tower, which will rise up to 260 metres and comprise five basements and 63 floors.

The third order is for a mixed-use development project in Karnataka, involving the construction of residential villas, a luxury hotel and related structures. L&T's scope includes RCC shell and core works along with associated finishing works.

As per the company's internal classification, the value of a 'large' contract range between Rs 25 billion and Rs 50 billion.

To know what's moving the Indian stock markets today, check out the most recent share market updates here