Although the benchmark indices opened higher, they traded positively throughout the session and ultimately closed flat.

Indian equity benchmarks, Sensex and Nifty50, closed flat, ending a two-day rally on Wednesday, as information technology (IT) stocks weighed on the benchmarks after concerns around advances in artificial intelligence (AI) spooked investors.

At the closing bell, the BSE Sensex closed higher by 78 points (up 0.1%).

Meanwhile, the NSE Nifty closed 48 points higher (up 0.2%).

Eternal, Trent, and NTPC are among the top gainers today

Infosys, TCS, and HCL Tech, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  25,837, lower by 27 points at the time of writing.

The BSE MidCap index ended 1.9% higher, and the BSE SmallCap index ended 2.6% higher.

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

The rupee is trading at Rs 90 against the US$.

Gold prices for the latest contract on MCX are trading %3 higher at Rs 158.922 per gram.

Meanwhile, silver prices were trading 11% higher at 2,81,933per 1 kg.
 

Varroc Wins Strategic EV Charger Contract

In the news from auto sector, shares of Varroc Engineering came into focus after the company won a strategic contract for AC-bi-directional wall chargers from a global electric vehicle (EV) original equipment manufacturer (OEM).

Varroc Engineering will supply Energy Star-compliant AC bi-directional wall chargers, designed for safe, stable, and smooth charging. These chargers allow electric vehicles to both charge and send power back.

The company will make the chargers at its Romania facility to ensure high quality and on-time delivery. The contract is strategic, will last six years, and Varroc plans to scale production based on expected demand. At full capacity, the annual business value is estimated at Rs 439.1 crore.

This partnership strengthens Varroc Engineering's reputation as a trusted global supplier of advanced automotive technology and marks an important step in its growth in the electric vehicle sector.
 

Firstsource Solutions Q3 FY26 Results

Moving on to the news from IT sector, shares of Firstsource Solutions came into focus after the company reported its Q3 FY26 results.

Revenue increased 16.2% to Rs 244.31 billion (bn) from Rs 210.42 bn, and EBITDA rose 26.8% to Rs 40.3 bn from Rs 31.8 bn.

The company reported its net profit dropped 25% year-on-year to Rs 12.03 bn in Q3FY26, down from Rs 16.03 bn in Q3FY25.

The company secured five large deals in Q3FY26, with the exit deal pipeline over $1 billion. Firstsource expects its revenue for the current financial year to be at the top end compared to peers.
 

Bajaj Finance Q3 FY26 Results

Moving on to the news from finance sector, shares of Bajaj Finance came into focus after the company reported its Q3 FY26 results.

Net interest income (NII) rose 21% to Rs 113.17 bn, while assets under management (AUM) grew 22% to Rs 4,858.83 bn from Rs 3,980.43 bn in Q3 FY25.

Annualized return on equity (ROE) improved to 19.6% from 19.1%, and annualized return on assets (ROA) was 4.6% versus 4.5% last year. Loan losses and provisions were Rs 36.25 bn.

Gross NPA and net NPA stood at 1.21% and 0.47% respectively, compared to 1.12% and 0.48% in Q3 FY25. The provisioning coverage ratio on Stage 3 assets was 61%.

Bajaj Finance reported a consolidated net profit of Rs 39.78 bn for Q3 FY26 (October-December), down 6% from Rs 42.47 bn in the same period last year.

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