Although the benchmark indices opened flat, they traded negatively throughout the session and ultimately closed green.
Indian equity benchmarks, Sensex and Nifty50, staged a comeback to end higher on Friday, a day after a rout, led by gains in PSU bank and metal stocks. The indices posted gains even as tensions between the US and Iran weighed on Asian stocks.
At the closing bell, the BSE Sensex closed higher by 316 points (up 0.4%).
Meanwhile, the NSE Nifty closed 117 points higher (up 0.4%).
NTPC, HUL, and Power Grid Corp are among the top gainers today.
Tech Mahindra, Infosys, and Eternal, on theother hand, were among the top losers today.
The GIFT Nifty was trading at 25,661, higher by 256 points at the time of writing.
The BSE MidCap index ended 1.6% higher, and the BSE SmallCap index ended 2.5% higher.
Baring IT sector, all sectoral indices are trading positively today with stocks inthe power sector and the banking sector witnessing buying.
The rupee is trading at Rs 90 against the US$.
Gold prices for the latest contract on MCX are trading 1.1% higher at Rs 156,530 per gram.
Meanwhile, silver prices were trading 3.7% higher at 2,50,451 per 1 kg.
Paras Defence Acquires Himanshi Thermal Stake
In the news from the defence sector, shares of Paras Defence came into focus after it acquired a 49% stake in Himanshi Thermal Solutions from DefSpace Technologies. With this, Himanshi Thermal Solutions has become an associate company of Paras Defence and Space Technologies.
Paras Defence and Space Technologies said the acquisition supports its strategy to expand its business. The company stated that the deal is designed to create value for both organizations by opening new growth opportunities and strengthening their market position.
In its exchange filing, the company said that together with Himanshi Thermal Solutions, it aims to build a strong partnership that can tap into emerging market opportunities and support long-term, sustainable growth for stakeholders.
Himanshi Thermal Solutions focuses on precision metal fabrication and advanced thermal management solutions for the aerospace and high-technology sectors. The company is known for manufacturing mission-critical liquid cold plates used in space and airborne applications, along with providing specialized vacuum heat treatment services.
ABB India Q3 FY26 Results
Moving on to the news from the engineering sector, shares of ABB India came into focus after the company reported its Q3 FY26 results.
ABB India reported a 5.7% rise in revenue from operations to Rs 35.57 billion (bn), compared with Rs 33.65 bn in the same quarter last year.
The company's operating performance weakened during the quarter. EBITDA fell 16.89% to Rs 5.46 bn, compared with Rs 6.57 bn last year. As a result, the EBITDA margin narrowed to 15.35% from 19.53% in the corresponding period.
However, net profit declined 18.19% year-on-year to Rs 4.32 bn, down from Rs 5.28 bn a year ago.
On a positive note, the company recorded its highest fourth-quarter order inflows in the past five years, with orders rising 52% year-on-year. This growth was supported by strong performance in its core business and the timing of some large order wins.
ABB India also reported revenue growth across all its business segments during the quarter, indicating overall steady operational performance.
GHV Infra Secures Enmas EPC Deal
Moving on to the news from construction sector, shares of GHV Infra Projects came into focus after the company received the Letter of Award (LOA) from Enmas EPC Power Projects (JV).
This includes the supply, installation, testing, and commissioning of 28.83 MWp Grid Connected Rooftop Solar (RTS) Plants for 14,416 SC & ST consumers.
The project involves providing all necessary materials at the installation sites and executing the work in collaboration with Enmas EPC JV.
The total value of the work order is approximately Rs 1.2 bn.
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