After opening the day higher, the benchmark indices continued their upward momentum, ended the session in green.

Indian equity market indices Sensex and Nifty ended higher today, driven by Healthcare, Metal, and Auto stocks. The market sentiment was bolstered by easing inflation data, which dropped to a multi-year low.

At the closing bell, the BSE Sensex closed higher by 304 points (up 0.3%).

Meanwhile, the NSE Nifty closed 131 points higher (up 0.5%).

Bharat Elec, Eternal, and M&M are among the top gainers today.

Adani Port, ITC, and UltraTech Cement, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  24,713, higher by 210 points at the time of writing.

The BSE MidCap index ended 0.5% higher, and the BSE SmallCap index ended 0.6 higher.

Barring the FMCG sector and oil & gas sector, all other sectoral indices are trading positively today, with stocks in the auto sector and metal sector witnessing buying.

The rupee is trading at Rs 87.7 against the US$.

Gold prices for the latest contract on MCX are trading 0.3% higher at Rs 100,498 per 10 grams.

Meanwhile, silver prices were trading 0.1% higher at Rs 115,241 per 1 kg.
 

Oil India Announces Q1 FY26 Results

In the news from the energy sector, shares of Oil India tank 5% after the company reported its Q1 FY26 results.

However, operating revenue dropped 10% sequentially from Rs 88.1 billion (bn) in Q4FY25 to Rs 79.3 bn in Q1FY26.

EBITDA fell 17.8% to Rs 23.5 bn from Rs 28.6 bn in the prior quarter.

The operating margin decreased from 32.4% in Q4FY25 to 29.6%.

Oil India Ltd.'s net profit rose 44.7% to Rs 18.9 bn in Q1 2025 from Rs 13.1 bn in the previous quarter.

Oil India's quarterly results were released during shifting demand conditions and volatility in the price of natural gas and crude oil globally.
 

Premier Explosive Shares Surge on Strong Q1

Moving on to the news from industrial explosive sector, shares of Premier Explosive gained 12% after the company reported its Q1 FY26 results.

From Rs 0.8 bn in the first quarter of the previous fiscal year to Rs 1.4 bn, its revenue grew by almost 72%. Bulk explosives accounted for 14% of the revenue, while defence and space accounted for 86%.

In the June quarter, the company's earnings before interest, taxes, depreciation, and amortisation climbed 35% to Rs 0.2 bn from Rs 0.1 bn the year before.

Its EBITDA margins, however, decreased 400 basis points to 14.68% from 18.48% during the same period last year.

Despite other expenses halving to Rs 0.09 bn from Rs 0.2 bn last year, material costs as a percentage of sales increased to 66% from 41%, which is the reason for the decline in margins.

The June quarter saw a 32% increase in the company's order book from Rs 7.5 bn at the end of FY25 to Rs 9.8 bn.

87% of its order book was for defence, whereas 7% and 6% were for services and explosives, respectively.

Premier Explosives' order book was worth Rs 9.8 bn at the end of the quarter, compared to Rs 7.5 bn at the end of the fiscal year 2025.

A 3 bn fund raise has also been approved by the company's board.
 

Bharat Dynamics Q1 Profit Doubles

Moving on to the news from defence sector, shares of Bharat Dynamics came in focus after the company posted its Q1 FY26 results.

The state-run defence company's operating revenue increased by 30% to Rs 2.5 bn in Q1 FY26 from Rs 1.9 bn.

In terms of operations, Bharat Dynamics reported a net EBITDA loss of Rs 0.4 bn during the reporting quarter, compared to Rs 0.5 bn during the first quarter of FY25.

Bharat Dynamics' net profit soared 157% to Rs 0.2 bn, up from 0.07 bn in the same quarter last year.

Armoured Vehicles Nigam Limited (AVNL) placed an order with the company last month for the supply of one of the ATGMs, worth Rs 8.1 bn (gross). It will be carried out over a three-year period.

For the first time, India's yearly defence production has surpassed Rs 15,000 bn, marking a significant rise over prior years. The accomplishment, according to Defence Minister Rajnath Singh, is a definite indication of the nation's growing defence industry.

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