Although the benchmark indices opened higher, they traded positively throughout the session and ultimately closed green.
Indian equity benchmarks, Sensex and Nifty50, ended sharply higher as gains in pharma, healthcare, and metal stocks supported.
At the closing bell, the BSE Sensex closed 789 points higher (up 1%)
Meanwhile, the NSE Nifty closed 277 points higher (up 1.2%)
Bharti Airtel, HDFC Bank, and Sun Pharma were the top gainers today.
Infosys, Tech Mahindra, and HCL Tech, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 23,688 with 264 points higher at the time of writing.
The BSE 150 Midcap index is trading 0.9% higher, and the BSE 250 SmallCap index is trading 0.1% higher.
Sectoral indices were trading mixed today with stocks in oil & gas sector and IT sector witnessed selling pressure. Meanwhile, stocks in banking sector and power sector witnessed buying.
The rupee is trading at Rs 95.7 against the US$.
Gold prices for the latest contract on MCX are trading at Rs 1,62,093 per 10 grams.
Meanwhile, silver prices were trading 1% lower at 2,97,192 per 1 kg.
Reasons why Indian share markets are rising:
#1 Selective Buying in Beaten-Down Stocks
Investors bought stocks that had fallen sharply in recent sessions, helping Sensex and Nifty recover after recent losses linked to rising crude oil prices and economic concerns.
#2 Buying in Heavyweight Stocks
Strong gains in Bharti Airtel, HDFC Bank, ITC, and Reliance Industries lifted overall market sentiment.
#3 Positive Global Cues
Asian markets traded mixed, while US markets ended higher overnight, supported by strong gains in technology stocks.
#4 Optimism Around US-China Talks
Reports of cooperation between the US and China on keeping the Strait of Hormuz trade route stable supported market sentiment.
#5 Sensex Weekly Expiry Impact
Expiry of Sensex derivatives contracts increased volatility as traders adjusted their futures and options positions.
Zaggle Prepaid Ocean Services Q4 FY26 Results
Shares of Zaggle Prepaid Ocean Services came into focus after the company reported its Q4 FY26 results.
In the March 2026 quarter, Zaggle Prepaid reported a 50% year-on-year (YoY) rise in revenue from operations to Rs 6.18 billion (bn), compared to Rs 4.12 bn in the same period last year.
The company posted a profit after tax (PAT) of Rs 0.41 bn in Q4FY26, up 30.6% from Rs 0.31 bn a year ago. Its EBITDA increased 62.4% to Rs 0.58 bn from Rs 0.36 bn in the corresponding quarter of the previous fiscal. EBITDA margins improved to 9.4% from 8.7% last year.
For FY26, the company reported revenue of Rs 19.08 bn, up 46.3% YoY, while adjusted EBITDA climbed 51% to Rs 1.92 bn. PAT rose 51.8% to Rs 1.39 bn.
HAL Q4 FY26 Results
Shares of Hindustan Aeronautcs Ltd (HAL) came into focus after the company reported its Q4 FY26 results.
Revenue from operations increased 1.7% year-on-year (YoY) to Rs 139.42 bn from Rs 136.99 bn.
The company's total income for the quarter stood at Rs 150.93 bn, up from Rs 143.51 bn a year ago, while total expenses rose to Rs 95.22 bn from Rs 91.50 bn in the corresponding period last year.
For the March quarter, HAL reported a 5.5% rise in net profit to Rs 41.96 bn, compared to Rs 39.77 bn in the same period last year.
HAL is India's defence and aerospace public sector undertaking, involved in the design, development, manufacturing, repair, and overhaul of aircraft, helicopters, engines, and related systems for the Indian Armed Forces and allied agencies.
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