Although the benchmark indices opened higher, they traded mixed throughout the session and ultimately closed flat.
Indian equity benchmarks, Sensex and Nifty50, ended the volatile session on a mixed note, while Healthcare and PSU bank stocks outperformed.
At the closing bell, the BSE Sensex closed flat by 27 points.
Meanwhile, the NSE Nifty closed 14 points higher.
Tata Steel, TCS, and HCL Tech Industries are among the top gainers today.
Reliance Industries, SBI, and Adani Ports, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 25,66,5, higher by 45 points at the time of writing.
The BSE MidCap index ended 0.9% higher, and the BSE SmallCap index ended 2.1% lower.
Sectoral indices are trading mixed today, with stocks in the oil & gas sector and the telecommunication sector witnessing buying. Meanwhile, stocks in the power sector andthe utilities sector witnessed selling pressure.
The rupee is trading at Rs 90 against the US$.
Gold prices for the latest contract on MCX are trading 0.8% lower at Rs 159,703 per gram.
Meanwhile, silver prices were trading 3.2% lower at 2,59,510 per 1 kg.
Sanofi India Q4 Results
In the news from the pharma sector, shares of Sanofi India came into focus after the company reported its Q4 results.
Revenue from operations stood at Rs 4.20 bn, down from Rs 5.15 bn year-on-year. Total income for the quarter was Rs 4.23 bn, compared to Rs 5.21 bn a year ago.
Total expenses were reported at Rs 3.40 bn, lower than Rs 4.07 bn in the corresponding quarter last year.
In the fourth quarter, the company reported a consolidated net profit of Rs 0.62 bn, compared to Rs 0.91 bn in the same period last year, reflecting a decline of 32%.
The company also recommended a final dividend of Rs 48 per equity share with a face value of Rs 10 for the financial year ended 31 December 2025. The dividend is subject to shareholder approval at the upcoming 70th Annual General Meeting.
KSB Q4 Results
Moving on to the news from the engineering sector, shares of KSB came into focus after the company reported its Q4 results.
Revenue from operations rose to Rs 7.84 bn from Rs 7.26 bn, up 8% year-on-year. Total income stood at Rs 8.00 bn, compared to Rs 7.37 bn a year ago.
Meanwhile, total expenses increased to Rs 6.78 bn from Rs 6.25 bn in the corresponding period last year.
In the fourth quarter, the company reported a consolidated net profit of Rs 0.81 bn, compared to Rs 0.73 bn in the same period last year, marking an increase of 11% year-on-year.
The board has recommended a final dividend of Rs 4.4 per equity share (220%) with a face value of Rs 2 each for the financial year ending 31 December 2025. The dividend is subject to approval by shareholders at the Annual General Meeting, which is scheduled to be held on 20 May 2026.
KSB is a global company that manufactures pumps and valves used to move and control fluids. Its products are widely used across sectors such as building services, general industry, mining, energy, and water and chemical transportation.
Welspun Corp Rises on UAE Licence
Moving on to the news from the metal sector, shares of Welspun came into focus came after the company informed the exchanges that its wholly owned subsidiary (WOS) in the Free Trade Zone, United Arab Emirates (UAE), has been incorporated in the name of "Welspun International FZCO" (WIFZCO) in Dubai Multi Commodities Centre (DMCC), UAE.
The company has received the Certificate of Incorporation and licence today from the DMCC authority concerned.
Welspun Corp stated in its exchange filing that WIFZCO will be responsible for global marketing of all its products. The subsidiary will also undertake trading activities related to the products and raw materials dealt with by the parent company and its subsidiaries.
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