Sensex Today Rallies 517 Points; Nifty Above 23,900

Asian markets traded mostly higher on Friday amid cautiousness over the fragile two-week US-Iran ceasefire.

US stock market ended higher on Thursday, as ongoing negotiations toward a peaceful resolution to the US-Iran war helped ease worries.

Here's a table showing how US stocks performed on Thursday:

Source: Equitymaster

At present, the BSE Sensex is trading 517 points higher, and the NSE Nifty is trading 162 points higher.

ICICI Bank, M&M, and Bajaj Finance are among the top gainers today.

Infosys, TCS, and Tech Mahindra, on the other hand, are among the top losers today.

The BSE 150 Midcap index is trading 3.5% higher, and the BSE 250 SmallCap index is trading 3.5% higher.

Barring the IT sector, all other sectoral indices are trading positively today, with stocks in the banking sector and realty sector witnessing buying.

The rupee is trading at Rs 92.4 against the US dollar.

JSW Steel Q4 FY26 Results

Shares of JSW Steel came into focus after the company reported its Q4 FY26 results.

JSW Steel produced 30.14 million tonnes of crude steel in FY26, which is 8% higher than the previous year, showing steady growth in its operations.

During the year, the company upgraded its Salem plant by adding new equipment, which increased its capacity from 1.0 to 1.15 million tonnes per year starting March 2026.

At the same time, one of its key units, Blast Furnace-3 at Vijayanagar, has been shut since September 2025 for an upgrade. This temporary shutdown affected overall production and capacity utilisation. Even with this impact, the company managed strong utilisation levels, with around 92% utilisation excluding the shutdown unit and about 87% when including it.

In the fourth quarter of FY26, JSW Steel produced 7.49 million tonnes. Utilisation remained strong during the quarter as well, at about 96% excluding the shutdown unit and 87% including it.

Saatvik Secures Large EPC Solar Module Orders

Saatvik Green Energy announced that its material subsidiary, Saatvik Solar Industries Private Limited, has secured and accepted new domestic orders worth a total of Rs 1.08 billion (bn). These orders have been awarded by well-known independent power producers and EPC players.

The scope of these contracts involves the supply of solar photovoltaic (PV) modules, which are a core component in solar power generation projects.

The nature of the orders is commercial, and execution is scheduled to be completed by September 2026.

IRB Infra Reports Strong FY26 Toll Growth

IRB Infrastructure Developers Ltd., along with its sponsored InvITs IRB Infrastructure Trust and IRB InvIT Fund, reported a total toll revenue of Rs. 83.23 bn for FY26. This accounts for approximately 10% of India's total toll revenue of Rs. 829 bn for the year, as cited in recent media reports.

For March 2026, the group recorded a strong year-on-year toll revenue growth of around 21%. Monthly toll collections stood at Rs. 7.83 bn, compared to Rs 6.49 bn in March 2025.

According to the company's management, the growth was driven by steady traffic and asset performance. The group expects further momentum in FY27, supported by the recent commissioning of a new TOT asset in Odisha and the anticipated launch of the Ganga Expressway project in Uttar Pradesh, along with periodic toll tariff revisions across existing assets.