The benchmark indices opened higher, maintained their gains throughout the session and closed higher.
Indian equity benchmark indices, the Sensex and Nifty 50 indices advanced as IT shares rose amid unwinding of global AI-trade.
At the closing bell, the BSE Sensex closed 1,718 points higher (up 2.1%)
Meanwhile, the NSE Nifty closed 493 points higher (up 2%)
HDFC Bank, ICICI Bank, M&M are the top gainers today.
Power Grid Corp on the other hand, was among the top losers today.
The GIFT Nifty was trading at 25,027 with 428 points higher at the time of writing.
The BSE 150 Midcap index is trading 0.2% lower and the BSE 250 SmallCap index is trading 0.9% lower.
Sectoral indices traded mixed today, with Private Bank sector and Consumer Durable sector witnessed buying. Meanwhile, stocks in telecommunication sector and power sector witnessed selling pressure.
The rupee is trading at Rs 94.4 against the US$.
5 reasons why Indian share markets are Rising:
#1 Strong FII Buying
Foreign institutional investors (FIIs) purchased Indian equities worth Rs 14,974.68 crore on Thursday, marking their biggest single-day investment since February 24, 2021. Lower crude oil prices, strong corporate earnings and a shift away from AI-linked stocks in global markets have made Indian equities more attractive to foreign investors.
#2 Fall in Crude Oil Prices
Brent crude prices are heading for their biggest weekly decline since April 2020, despite recovering slightly today. Brent crude futures rose 1% to USD 99.27 per barrel, while WTI crude gained 0.9% to USD 91.29 per barrel.
#3 Buying in IT Stocks
Shares of Indian IT companies, including Infosys, TCS and Wipro, gained up to 3%, supporting the domestic market. Indian IT stocks are attracting buying interest as investors see potential opportunities amid concerns over the impact of AI on global technology companies.
#4 Decline in US Bond Yields
The yield on the US 10-year Treasury note fell to 4.83%, close to a two-month low, marking a decline of nearly 48 basis points from its October peak of 5.31%. The fall reflects growing investor preference for safer assets amid weakness in US technology stocks and uncertainty surrounding investments in AI and data centres.
#5 Buying in Banking Stocks
Banking stocks also supported the domestic market, with the banking index rising more than 1%. HDFC Bank emerged as one of the top gainers, contributing to the positive market sentiment.
Gold prices for the latest contract on MCX are trading 1.1% lower at Rs 1,42,490 per 10 grams.
Meanwhile, silver prices were trading 0.9% lower at 1,85,350 per 1 kg.
TTK Prestige Ltd Q2 FY27 Results
Shares of TTK Prestige came into focus after the company reported its Q2 FY27 results.
For the second quarter of FY27 (Q2FY27), TTK Prestige reported a 65.2% year-on-year (Y-o-Y) increase in net profit to Rs 1.044 billion, after accounting for an impairment loss of Rs 20 million on its investment in compulsorily convertible debentures (CCDs) of GramyaHaat. The company had reported a net profit of Rs 632 million in the corresponding quarter of the previous fiscal year.
Revenue from operations increased nearly 22% Y-o-Y to Rs 10.09 billion during the reporting quarter, compared with Rs 8.34 billion in Q2FY26.
Total sales grew 22% Y-o-Y to Rs 9.59 billion during the quarter, up from Rs 7.87 billion in the corresponding quarter of the previous fiscal year.
EBITDA surged 71% Y-o-Y to Rs 1.72 billion in Q2FY27, compared with Rs 1.01 billion in the year-ago period. EBITDA margin expanded to 17.9% from 12.8% a year earlier, the company said.
Domestic sales grew 23.4% Y-o-Y to Rs 9.45 billion during the quarter, while export sales stood at Rs 148 million.
The company maintained a free cash balance of more than Rs 7.55 billion as of September 30, 2026, including short-term liquid investments, it said in a statement.
During the quarter, TTK Prestige introduced seven new stock-keeping units (SKUs) across various product categories.
Why Are Bosch Share Price Falling?
Bosch's share price declined 4.3% from the day's high, after the company announced its Q2FY27 results, along with a stock split and bonus issue on Friday.
For the quarter ended September 2026, Bosch reported a 21.7% year-on-year (Y-o-Y) increase in standalone net profit to Rs 6.75 billion, compared with Rs 5.54 billion in the corresponding quarter of the previous fiscal year.
The company's revenue from operations grew 28.5% Y-o-Y to Rs 61.64 billion in Q2FY27, compared with Rs 47.95 billion in Q2FY26.
In an exchange filing on Friday, Bosch announced that its board had approved a 1:5 stock split. Under this arrangement, each equity share with a face value of Rs 10 will be subdivided into five shares with a face value of Rs 2 each.
Additionally, the company announced a bonus issue in the ratio of 3:1. This means eligible shareholders holding one equity share will receive three additional bonus shares.
Comments
Log in or sign up to join the conversation.