After opening in green, equity benchmark remained in the positive territory as the session progressed and ended the day 0.5% higher.

Benchmark Indian equity indices settled in the positive territory on Wednesday.

After scaling an intraday high of 82,021, Sensex took a retreat to settle at 81,596.63, higher by 410.19 points or 0.5%.

At the closing bell, the BSE Sensex stood higher by 410 points (up 0.5%).

Meanwhile, the NSE Nifty closed higher by 129 points (up 0.5%).

Cipla, Tata Steel, and Bajaj Finserv were the top gainers today.

Coal India, JSW Steel, and Power Grid, on the other hand, were among the top losers today.

The GIFT Nifty ended at 24,829, up by 55 points.

The BSE Mid Cap ended 0.9% lower, and the BSE Small Cap index ended 0.5% lower.

Barring the consumer durables sector, all the other sectoral indices are trading on a positive note with stocks in the capital goods sector, telecom sector, and realty sector witnessing selling pressure.

The rupee is trading at 85.7 against the US$.

Gold prices for the latest contract on MCX are trading 0.8% higher at Rs 95,577 per 10 grams.

Meanwhile, silver prices are trading 0.6% lower at Rs 97,863 per 1 kg.
 

Belrise Industries IPO Subscription

In the news, Belrise Industries' IPO kicked off with a decent response from investors on Day 1.

As of 2:30 PM, the overall issue was subscribed 47%, with non-institutional investors (NIIs) showing the most enthusiasm, subscribing over 83%. Retail investors followed with 35%, while the quota for qualified institutional buyers (QIBs) stood at 39%.

In the grey market, Belrise shares were trading at Rs 103, carrying a premium of Rs 13 over the upper price band of Rs 90, a sign of positive early sentiment.

Founded in 1996, Belrise Industries makes key safety and engineering components for a wide range of vehicles, from two-wheelers to agri-vehicles.

As the auto sector revs up, investors are eyeing this listing to ride the momentum.

Belrise Industries is a leading Indian automotive component manufacturer established in 1988 (formerly known as Badve Engineering Ltd).

The company specialises in designing and manufacturing a broad range of products for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles.
 

Why Whirlpool India Share Price is Rising

Moving on to news from the electronics sector, shares of Whirlpool of India rose up to 7.98 per cent to hit an intraday high of Rs 1,399 apiece, on Wednesday.

The share price of the company rose after the company posted strong March quarter results (Q4FY25).

The company reported a 15.6% year-on-year rise in revenue, which stood at Rs 20 bn in Q4FY25, up from Rs 17.3 bn in the same period last year.

Operating performance was also strong, with EBITDA rising 27.4% YoY to Rs 1.8 bn, compared to Rs 1.4 bn in Q4FY24.

The EBITDA margin improved by 80 basis points, reaching 9.1% versus 8.3% a year ago.

Net profit jumped 50.4% to Rs 1.2 bn in Q4FY25, from Rs 790 m in the previous year's March quarter.

Additionally, the company announced a final dividend of Rs 5 per equity share, reinforcing investor confidence.

Stronger earnings across the board and the dividend declaration contributed to the rally in Whirlpool's stock price.

Apollo Micro Rallies 9% Today. Here's Why

Moving on, shares of Apollo Micro Systems surged 9% to Rs 148 on Wednesday, outperforming a largely flat broader market. The rally came on the back of strong volumes, with a combined 5.9 million shares traded on NSE and BSE.

Over the last two weeks, the smallcap defence stock has delivered a solid 25% gain.

The recent uptick follows the company's announcement on 19 May 2025, that it received in-principle approval from NSE and BSE to issue 31.1 million equity shares at a floor price of Rs 114 on a preferential basis to non-promoters.

Additionally, it will issue 38.07 million convertible warrants at the same price to both promoters and non-promoters.

Earlier, on April 15, Apollo Micro Systems secured orders worth Rs 75.2 m from DRDO and other PSUs.

It was also declared the lowest bidder for projects worth Rs 114.8 m from similar agencies.

Adding to the momentum, on May 5, its subsidiary Apollo Defence Industries Pvt Ltd signed a Share Purchase Agreement to acquire a 100% stake in IDL Explosives for Rs 107 crore in an all-cash deal.

These strategic developments have bolstered investor confidence and lifted the stock.

Apollo Micro Systems is a Hyderabad-based company engaged in the business of electronic, electro-mechanical, engineering designs, manufacturing and supply.

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