After opening higher, Indian benchmark indices remained volatile as the session progressed and ended the day flat.

Benchmark Indian equity indices BSE Sensex and NSE Nifty50 gave up the early gains and settled flat on Friday.

At the closing bell, the BSE Sensex closed Lower by 8 points.

Meanwhile, the NSE Nifty closed 8 points Higher.

Reliance, Nestle, Axis Bank among the top gainers today

Infosys, Zomato, and M&M, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  22,627, higher by 46 points at the time of writing.

The BSE MidCap index ended 0.3% lower, and the BSE SmallCap index ended 0.8% Higher.

Sectoral indices were trading mixed, with stocks in auto and metal witnessing buying. Meanwhile, the realty and power sectors witness selling pressure.

The rupee is trading at Rs 86.8 against the US$.

Gold prices for the latest contract on MCX are trading 0.1% Lower at Rs 85,979 per 10 grams.

Meanwhile, silver prices were trading 0.1% Lower at Rs 98,054 per 1 kg.
 

Suzlon stock sees 9% surge

In the news from energy sector, Suzlon Energy Ltd.'s stock price witnessed a significant surge, rising by 9.3% to reach an intraday high of Rs 56.9 per share on the NSE. This upward momentum has been consistent over the past five trading sessions, with the stock accumulating gains of nearly 12% during this period.

Suzlon Energy's share price has been on an upward trajectory since 4 March 2025, following the company's announcement of expanding its largest commercial and industrial order with Jindal Renewables. This significant development has likely contributed to the positive sentiment among investors, driving the stock's consistent gains over the past few trading sessions.

The expansion of the order with Jindal Renewables is a notable milestone for Suzlon Energy, underscoring the company's growing presence in the renewable energy sector. As a leading player in wind energy solutions, Suzlon Energy's ability to secure and expand large-scale orders demonstrates its competitiveness and expertise in the market.

It is also worth noting that Suzlon Energy is a prominent player in the renewable energy sector, particularly in wind energy. The company's performance can be influenced by various factors, including government policies, market demand, and technological advancements in the renewable energy space.

Hexaware Tech Plunges 7% Post Q4

Moving on to the news from IT sector, Hexaware Technologies' share price took a hit today, plummeting over 7% to an intraday low of Rs 759.1.

Hexaware Technologies' shares came under intense selling pressure after the company unveiled its first quarterly earnings report since making its debut on the stock exchange. The results, which covered the quarter ended December 2024, seemed to disappoint investors, leading to a sharp decline in the share price.

Hexaware Technologies made a strong debut on the stock exchange on 19 February 2025, with its shares surging 8% above the issue price of Rs 708 to close at Rs 764. Since its listing, the company's share price has demonstrated remarkable resilience, gaining a notable 13.4% from its issue price.

Hexaware Technologies reported a significant surge in profit for the quarter ended December 2024. The company's net profit for the October-December 2024 quarter stood at Rs 32billion (bn), marking a substantial 66.3% year-over-year (YoY) increase from Rs 19.3 bn in the same quarter of the previous year.

Hexaware Technologies' revenue growth in constant currency terms was quite impressive, with an annual increase of 18.8% and a sequential growth of 0.2%.
 

Jana Bank stock zooms 12 percent

Moving on to the news from financial sector, Jana Small Finance Bank's stock price witnessed a significant surge, zooming 11.7% on the BSE to reach an intraday high of Rs 489.8 per share. This substantial increase in the stock's value was triggered by the Reserve Bank of India's (RBI) decision to grant the bank a licence to operate as an Authorized Dealer Category-I (AD-I).

The company's market capitalization stood at Rs 51.2 bn, indicating its substantial presence in the financial sector.

A review of the stock's historical performance reveals that it has traded within a wide range over the past 52 weeks. The stock's 52-week high was recorded at Rs 760.9 per share, while its 52-week low was at Rs 364 per share.

As of 31 March 2023, Jana Small Finance Bank held a significant position in the industry, ranking as the fourth largest Small Finance Bank in terms of assets under management (AUM) and deposit size.

Over the past year, Jana Small Technology Finance Bank's shares have outperformed the broader market, posting a gain of 0.9%. In comparison, the benchmark Sensex index rose by 0.3% during the same period.

The RBI's approval enabled Jana Small Finance Bank to expand its foreign exchange business, allowing it to undertake a wider range of transactions, including import and export transactions, foreign currency loans, and other cross-border transactions. This development is expected to enhance the bank's revenue streams and strengthen its position in the market.

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