Although the benchmark indices opened higher, they traded positively throughout the session and ultimately closed green.
Indian equity benchmark indices, Sensex and Nifty50, ended higher as PSU Bank and financial services shares supported.
At the closing bell, the BSE Sensex closed 130 points higher (up 0.1%)
Meanwhile, the NSE Nifty closed 26 points higher (up 0.1%)
Eternal, SBI, and Bajaj Finance were the top gainers today.
Tata Steel, Infosys, and NTPC, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 24,059, 45 points higher at the time of writing.
The BSE 150 Midcap index is trading 0.5% higher, and the BSE 250 SmallCap index is trading 0.7% higher.
Sectoral indices were trading mixed today with the auto sector and oil & gas sector witnessing buying. Meanwhile, stocks in the metal sector and the realty sector witnessed selling pressure.
The rupee is trading at Rs 96.3 against the US$.
Gold prices for the latest contract on MCX are trading 0.7% lower at Rs 1,41,187 per 10 grams.
Meanwhile, silver prices were trading 0.7% lower at 2,21,525 per 1 kg.
ICICI Prudential Life Insurance Company Q1 Business Update
Shares of ICICI Prudential Life Insurance Company came into focus after the company reported its Q1 business update.
ICICI Prudential Life Insurance reported a 28% year-on-year increase in profit after tax (PAT) to Rs 3.86 billion for the quarter.
The company's assets under management (AUM) rose 3% year-on-year to Rs 3.34 trillion, supported by strong asset accumulation.
Meanwhile, its solvency ratio stood at 225.4%, reflecting a healthy capital position. The strong performance was driven by robust business growth, improving margins, and higher profitability.
The insurer's annualised premium equivalent (APE) grew 15% year-on-year to Rs 21.36 billion, backed by healthy premium growth.
APE from protection products surged 46% year-on-year, while APE from annuity products increased 33%, helping offset relatively slower growth in savings products.
The company's value of new business (VNB), which measures the expected profit from newly sold policies, rose 25% year-on-year to Rs 5.71 billion. Meanwhile, the VNB margin improved to 26.7%, up 220 basis points year-on-year and 140 basis points quarter-on-quarter, reflecting a more profitable product mix.
Groww Q1 Business Update
Shares of Billionbrains Garage Ventures Ltd, the parent company of investment platform Groww, came into focus after the company reported its Q1 FY27 results.
The company reported a 94.3% year-on-year increase in profit after tax (PAT) to Rs 7.35 billion in the first quarter, compared with Rs 3.78 billion in the same period last year.
According to the company, operating leverage across all cost segments helped improve profitability, with the PAT margin expanding to 47.5%, up 7.6 percentage points year-on-year.
Total income rose 63% year-on-year to Rs 15.49 billion, driven by strong growth in newer products such as Margin Trading Facility (MTF) and commodity derivatives. In the corresponding quarter of the previous financial year, total income stood at Rs 9.48 billion.
EBITDA more than doubled to Rs 9.71 billion in Q1 FY27, compared with Rs 4.83 billion in Q1 FY26, reflecting strong operating performance.
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