Although the benchmark indices opened higher, they traded negatively throughout the session and ultimately closed red.
Indian equity benchmarks, Sensex and Nifty50, ended lower due to fag-end selling after the domestic currency hit a new low against the US dollar, and crude oil prices rose.
At the closing bell, the BSE Sensex closed 160 points lower (down 0.2%)
Meanwhile, the NSE Nifty closed 46 points lower (down 0.1%)
Tech Mahindra, Infosys, Maruti Suzuki were the top gainers today.
Tata Steel, SBI, and Eternal, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 23,662, with 67 points lower at the time of writing.
The BSE 150 Midcap index is trading 0.4% lower, and the BSE 250 SmallCap index is trading 0.3% lower.
Sectoral indices were trading mixed today, with stocks in the oil & gas sector and metal sector witnessing selling pressure. Meanwhile, stocks in the IT sector and the services sector witnessed buying.
The rupee is trading at Rs 95.9 against the US$.
Gold prices for the latest contract on MCX are trading 2% lower at Rs 1,58,750 per 10 grams.
Meanwhile, silver prices were trading 6% lower at 2,72,600 per 1 kg.
Carborundum Universal Q4 FY26 Results
Shares of Carborundum Universal came into focus after the company reported its Q4 FY26 results.
For the quarter, Carborundum Universal reported a 13% year-on-year increase in revenue to Rs 13.8 billion (bn), compared with Rs 12.0 bn in Q4FY25.
However, the company posted a net loss of Rs 0.4 bn during the quarter, versus a net profit of Rs 0.3 bn in the year-ago period. Expenses increased 17% year-on-year to Rs 13.3 bn from Rs 11.3 bn.
The company's board has recommended a final dividend of Rs 2.50 per equity share for the year ended 31 March 2026.
Shadowfax Technologies Q4 FY26 Results
Shares of Shadowfax Technologies came into focus after the company reported its Q4 FY26 results.
In Q4FY26, Shadowfax Technologies reported revenue of Rs 12,370 million (m), marking a 73.6% year-on-year increase from Rs 7,120 m in the corresponding quarter last year. Adjusted Ebitda surged 1,051% to Rs 580 m, compared with Rs 50 m in Q4FY25.
The company posted a net profit of Rs 560 m during the quarter, against a net loss of Rs 100 m in the year-ago period.
Shadowfax delivered a combined 226 m orders across express parcel and hyperlocal segments, with shipment volumes rising 100.8% YoY and 10% QoQ.
For FY26, revenue increased 66.4% YoY to Rs 42,020 m from Rs 24,850 m in FY25. Net profit stood at Rs 1,120 m. The company also reported net cash generated from operating activities of Rs 3,500 m for FY26.
GE Shipping Company Q4 FY26 Results
Shares of Great Eastern Shipping Company came into focus after the company reported its Q4 FY26 results.
Revenue, including other income, rose 35% YoY to Rs 18.6 bn during the quarter, against Rs 13.7 bn a year ago. EBITDA stood at Rs 12.9 bn, up from Rs 7.2 bn in the year-ago period.
The company reported a more than 180% YoY increase in consolidated net profit to Rs 10.4 bn in Q4FY26, compared with Rs 3.6 bn in the corresponding quarter last year.
For FY26, the company posted a net profit of Rs 29.4 bn, compared with Rs 23.4 bn in FY25. Revenue for the year came in at Rs 63.1 bn versus Rs 61.6 bn in the previous fiscal year.
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