Closing Bell: IT selloff deepens; Nifty at 25,800, Sensex down 559 points

Indian equity indices ended on a weak note with Nifty at 25,800 on February 12. At close, the Sensex was down 558.72 points or 0.66 percent at 83,674.92, and the Nifty was down 146.65 points or 0.57 percent at 25,807.20.

We wrap up today's edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

After showing a gradual upmove in the last few sessions, Nifty slipped into weakness on Thursday and closed the day lower by 146 points. After opening on a weak note, the market slide down further for the better part of the session. Intraday bounce in between has failed to strengthen the recovery.

A reasonable negative candle was formed on the daily chart with minor lower shadow. Technically, this market action indicates short-term downward correction in the market amidst a range bound movement. The opening upside gaps of 3rd Feb and 9th Feb remains partially filled which signal chances of bounce back from the lows.

The near-term trend of Nifty remains positive. Present consolidation/downward correction could be short lived and Nifty could bounce back from the lower levels in the near term. Immediate support is placed around 25600 levels.

Today, the Indian stock markets ended lower. Heavy selling in IT and oil & gas stocks pulled the benchmarks down. The Sensex fell around 558 points, while the Nifty 50 declined about 0.57% to close near 25,800. IT was the worst performing sector of the day.

Technology stocks saw sharp losses. The Nifty IT index dropped to a multi month low. Large companies like TCS, Infosys, Wipro and Tech Mahindra fell up to 5%. The decline was mainly due to fresh concerns that rapid adoption of generative AI by global companies could reduce traditional outsourcing spending. At the same time, weakness in US tech stocks and stronger than expected US jobs data reduced hopes of an early US Fed rate cut. This raised worries about growth and margins for Indian IT exporters, leading investors to shift towards more domestic focused sectors.

Oil & gas stocks also weighed on the market. The Nifty Oil & Gas index fell about 1%, with BPCL among the major losers. Brent crude prices moved close to $70 per barrel due to rising US-Iran tensions.

Higher crude prices can hurt marketing margins of OMCs if fuel prices are not increased, raising concerns about earnings volatility.

Looking ahead, the strong domestic fundamentals provide support but global uncertainty and higher crude could limit upside. Sector rotation and stock specific triggers are likely to guide near term market direction.

The domestic equity market witnessed a weak start on Thursday, with the Nifty opening sharply lower amid a broad sell-off in IT stocks. Persistent concerns over the potential impact of fast-growing AI start ups on traditional IT service companies triggered heavy pressure across the IT stocks. As a result, the Nifty IT index slumped 5.51%, dragging the benchmark indices lower through the session.

Despite the initial gap down move, the Nifty managed to stabilise somewhat but eventually closed near the 25800 mark, down 0.57%, forming a bearish candle with a minor lower shadow on the daily chart. The candle pattern reflects intraday attempts at recovery, although overall sentiment remained cautious.

From a technical standpoint, the benchmark index is still holding above its key moving averages, suggesting that the broader uptrend structure remains intact. However, momentum indicators point towards sideways consolidation in the near term, indicating a potential pause before the next directional move.

Among the Nifty constituents, Bajaj Finance and Shriram Finance emerged as top gainers, helping cushion some of the downside pressure in the index. On the other hand, IT majors Tech Mahindra, Infosys, and TCS featured among the top laggards following sector specific headwinds.

Sectorally, the market action was largely negative. Nifty IT and Nifty Realty were the biggest losers. Meanwhile, Nifty Financial Services and Nifty Consumer Durables managed to close in the green, displaying relative strength compared to the broader market.

The broader market also felt the heat of selling pressure. Both the Nifty Midcap 100 and Nifty Smallcap 100 ended in the red, though they witnessed a mild pullback from intraday lows, indicating some buying interest at lower levels. Market breadth remained weak, with the Advance/Decline ratio skewed in favour of declines. Within the Nifty 500 universe, as many as 371 stocks closed lower, underscoring the widespread nature of the correction.

Nifty View

Going ahead, for Nifty, the 50-day EMA zone of 25700-25670 will act as important support for the index. On the upside, the zone of 25900-25940 will act as an immediate hurdle for the index. Any sustainable move above 25940 will lead to a further upside rally up to the 26100 level in the short term.

Bank Nifty View

For the fourth consecutive trading session, the banking benchmark index Bank Nifty continued to trade in a narrow range of 432 points, which was the narrowest range in the recent period. Also, it is forming a small body candle, which shows a lack of commitment from both bulls and bears.

Looking ahead, the zone of 61200–61300 will be the immediate resistance to watch. A sustained breakout above 61300 has the potential to trigger further upside towards 61800, and eventually 62400 in the short term as momentum builds. On the flip side, the zone of 60400–60300 will act as a key support area for the index. As long as Bank Nifty holds above this support band, the broader structure is expected to remain positive, with dips likely to attract buying interest.

The index, following a weak opening, remained under selling pressure. However, the selling momentum was not strong, resulting in a largely lackluster session. The index traded within the 25,750–25,850 range throughout the day.

Despite the correction, it managed to close above the 20DMA, keeping the possibility of a recovery intact. On the upside, resistance continues to be placed at 26,000. On the downside, support is seen in the 25,750/25,500.

A nosedive correction in the IT index triggered by mounting concerns over AI-led disruptions, along with low expectations of a US Fed rate cut due to strong US job data and unemployment rates, dampened investor sentiment.

Globally, AI is reshaping markets by compressing margins in service-intensive sectors and increasing concentration-led volatility. In India, this technology shift is likely to structurally transform IT services by accelerating delivery timelines and automating volume-driven tasks, thereby challenging the traditional headcount-based outsourcing model.

A weak sentiment in the IT sector, along with lingering geopolitical tensions between the US and Iran, may influence investors to take a cautious approach in the near term.

Bank Nifty is cooling off near the highs—basically a healthy breather after the recent run. It’s holding steady above the previous breakout zone, which keeps the bullish setup alive for now.

RSI has flattened out but hasn't turned bearish yet. Watch 60,000 closely; it's the line in the sand for support. If we clear 61,000 with volume, the next leg up begins.

Support is placed at 60000 and resistance 61000.

Indian rupee ended higher at 90.60 per dollar on Thursday against previous close of 90.70.

Indian equity indices ended on a weak note with Nifty at 25,800 on February 12.

At close, the Sensex was down 558.72 points or 0.66 percent at 83,674.92, and the Nifty was down 146.65 points or 0.57 percent at 25,807.20. About 1610 shares advanced, 2431 shares declined, and 141 shares unchanged.

Bajaj Finance, Shriram Finance, Eicher Motors, ICICI Bank, Trent were among major gainers on the Nifty, while losers were Infosys, TCS, Tech Mahindra, HCL Technologies and Wipro.

Nifty midcap and smallcap indices fell 0.5% each.

Among sectors, except Consumer Durables (up 0.4%), all other indices ended in the red with IT index sheds 5% and oil & gas, media, realty down 1% each.

Indian IT companies have been under pressure since last one year, and the weakness isn’t coming from one isolated event — it’s a mix of factors. After a strong run over the past year, where many IT names had attractive valuations, markets have started focusing more on near-term growth concerns. Global tech sentiment has turned soft, particularly after big U.S. tech names corrected, which naturally spills over into Indian IT.

At the same time, clients in the U.S. and Europe are being more cautious with discretionary IT spends, especially on older projects, until budgets are clearer. The talk around AI has made this worse — instead of boosting confidence, it has created uncertainty about how fast traditional service models might change.

It’s a mix of both. The AI angle has definitely been blown out of proportion. People tend to jump from “AI can change how work is done” to “AI will wipe out IT jobs tomorrow,” which isn’t realistic. Indian IT firms are adopting AI tools themselves and selling AI-enabled services to clients, not standing still. So the panic around AI alone doesn’t justify this drop. That said, there are real structural questions investors are asking — how fast will traditional services slow down, what will happen to pricing power, and whether margins hold up as automation increases. So while some of the selling is an emotional reaction, the market is also pricing in slower growth and margin pressure.

For long-term investors, this isn’t a time to panic but a time to be selective. Weakness offers a chance to add to high-quality IT names that have strong balance sheets and solid global client relationships. Instead of buying everything indiscriminately, it makes sense to accumulate in stages on dips and watch for clear signs of stability — both in macro trends and earnings expectations. For short-term traders, waiting for a confirmed reversal pattern or technical support being respected before taking fresh positions can help manage risk. In short, patience and selectivity matter more than ever — this sell-off looks like a valuation reset and sentiment dip, not a structural breakdown of the sector.

#1 EBITDA/PAT +27-35 percent YoY, modest beat

#2 Truck growth improving, margin remains focus area

#3 Valuations rich versus historical cycle peaks, limited confidence in multi-year volume upcycle

Rashtriya Chemicals and Fertilisers was quoting at Rs 134.55, down Rs 1.20, or 0.88 percent.

It has touched an intraday high of Rs 136.30 and an intraday low of Rs 133.40.

It was trading with volumes of 61,055 shares, compared to its five day average of 38,271 shares, an increase of 59.53 percent.

Bajaj Finance was quoting at Rs 1,000.95, up Rs 31.90, or 3.29 percent.

It has touched an intraday high of Rs 1,001 and an intraday low of Rs 964.80.

It was trading with volumes of 4,910,130 shares, compared to its five day average of 289,503 shares, an increase of 1,596.05 percent.

In the previous trading session, the share closed up 0.38 percent or Rs 3.70 at Rs 969.05.

The share touched a 52-week high of Rs 1,102.45 and a 52-week low of Rs 810.21 on 23 October, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 9.21 percent below its 52-week high and 23.54 percent above its 52-week low.

Market capitalisation stands at Rs 622,839.32 crore.

Sonata Software was quoting at Rs 290.00, down Rs 25.20, or 7.99 percent.

It has touched an intraday high of Rs 315.00 and an intraday low of Rs 289.40.

It was trading with volumes of 94,344 shares, compared to its five day average of 26,748 shares, an increase of 252.72 percent.

#1 Auto, farm and subsidiaries delivering together

#2 Policy tailwinds plus improved capital allocation aiding returns

#3 Rare broad-based execution phase for conglomerate

#4 View current momentum as sustainable near term

Oracle Financial Services Software was quoting at Rs 6,777.35, down Rs 442.30, or 6.13 percent.

It has touched a 52-week low of Rs 6,772.

It has touched an intraday high of Rs 7,175 and an intraday low of Rs 6,772.

It was trading with volumes of 18,943 shares, compared to its five day average of 4,085 shares, an increase of 363.77 percent.

#1 Revenue +12 percent YoY, generics pricing under pressure

#2 Gross margin +350 bps, EBITDA margin 34.2 percent beat

#3 Performance supported by product mix and currency

#4 Maintain cautious stance on sustainability

The Sensex was down 510.49 points or 0.61 percent at 83,723.15, and the Nifty was down 126.70 points or 0.49 percent at 25,827.15. About 1553 shares advanced, 2321 shares declined, and 117 shares unchanged.

Max Financial Services was quoting at Rs 1,809.05, up Rs 75.35, or 4.35 percent.

It has touched a 52-week high of Rs 1,809.05.

It has touched an intraday high of Rs 1,809.05 and an intraday low of Rs 1,740.80.

It was trading with volumes of 34,706 shares, compared to its five day average of 463,232 shares, a decrease of -92.51 percent.

Oil and Natural Gas Corporation was quoting at Rs 274.05, down Rs 0.55, or 0.20 percent.

It has touched a 52-week high of Rs 280.35.

It has touched an intraday high of Rs 280.35 and an intraday low of Rs 273.65.

It was trading with volumes of 1,453,705 shares, compared to its five day average of 467,340 shares, an increase of 211.06 percent.

Divis Laboratories was quoting at Rs 6,166.50, down Rs 308.00, or 4.76 percent.

It has touched an intraday high of Rs 6,473.20 and an intraday low of Rs 6,130.25.

It was trading with volumes of 32,406 shares, compared to its five day average of 42,811 shares, a decrease of -24.30 percent.

West Coast Paper Mills was quoting at Rs 438.90, down Rs 19.70, or 4.30 percent.

It has touched an intraday high of Rs 458.55 and an intraday low of Rs 438.10.

It was trading with volumes of 3,856 shares, compared to its five day average of 2,528 shares, an increase of 52.53 percent.

Lumax Auto Technologies was quoting at Rs 1,737.45, up Rs 4.10, or 0.24 percent.

It has touched a 52-week high of Rs 1,823.75.

It has touched an intraday high of Rs 1,823.75 and an intraday low of Rs 1,663.70.

It was trading with volumes of 77,469 shares, compared to its five day average of 23,990 shares, an increase of 222.92 percent.

#1 15th consecutive quarter of double-digit EBITDA growth

#2 Dec-quarter EBITDA +27 percent YoY on demand and share gains

#3 Cautious on FY27 tractor cycle given high base

#4 Core EPS +30 percent YoY in FY26, 15 percent CAGR FY25-28

#5 Valuation at 23x FY27 PE seen reasonable

3M India reported a net loss of Rs 62 crore in Q3, compared with a profit of Rs 113.7 crore in the year-ago quarter. Revenue rose 12.7 percent year-on-year to Rs 1,228 crore from Rs 1,090 crore. EBITDA increased 49.7 percent to Rs 230.7 crore versus Rs 154 crore, while margins expanded to 18.8 percent from 14.1 percent on-year.

Welspun Living reported a sharp decline in Q3 net profit to Rs 0.2 crore, compared with Rs 120.8 crore in the year-ago quarter. Revenue fell 9.1 percent to Rs 2,262.2 crore from Rs 2,489.6 crore. EBITDA declined 43 percent to Rs 160.4 crore, while margins contracted to 7.1 percent from 11.3 percent on-year.

Midcap IT stocks dominated the top losers list on the BSE Midcap. IT stocks extended sharp losses, with KPIT Technologies plunging over 7 percent and Coforge falling more than 6 percent. Oracle Financial Services Software and Tata Elxsi declined around 5-6 percent, mirroring the broader IT sell-off. Other technology names such as Persistent Systems, Mphasis and Hexaware Technologies also dropped over 4 percent, while Thermax and Indraprastha Gas traded lower, weighing on the BSE Midcap index.

Buying interest was seen in select midcap names, with Housing and Urban Development Corporation rising over 3.5 percent to Rs 200. Max Financial Services gained nearly 2.7 percent, while Voltas advanced over 2 percent. Tube Investments of India and Bharat Forge rose around 1.8-1.9 percent, while SJVN, Ashok Leyland and Torrent Power also traded higher.

IT stocks continued to drag the Sensex lower, with Infosys falling nearly 6 percent and Tata Consultancy Services down over 5 percent. Tech Mahindra and HCL Technologies also declined between 4-5 percent, keeping pressure on the index. Among other laggards, Hindustan Unilever slipped over 2 percent, while Mahindra & Mahindra, Power Grid Corporation of India, Adani Ports and HDFC Bank traded lower, adding to the broader weakness.

Bajaj Finance led the Sensex gainers, rising nearly 3 percent to Rs 996. Trent and ICICI Bank gained around 1.6 percent each, while Bharat Electronics added about 1 percent. Other stocks trading in the green included Asian Paints, Bajaj Finserv, Larsen & Toubro, UltraTech Cement, State Bank of India and Bharti Airtel, offering selective support even as the broader index remained under pressure.

The broader market mirrored the weakness, with both the Nifty Midcap 100 and Nifty Smallcap 100 down around 0.5 percent. Volatility ticked higher, with India Vix rising nearly 2 percent to 11.76.

On the BSE, the S&P BSE IT index slumped over 5 percent, emerging as the worst-performing sector. Energy and oil & gas indices declined over 1 percent each, while realty also slipped more than 1 percent. Bankex remained largely flat, cushioning some of the downside.

Redtape was quoting at Rs 135.00, up Rs 6.40, or 4.98 percent.

It has touched an intraday high of Rs 138.75 and an intraday low of Rs 125.95.

It was trading with volumes of 162,740 shares, compared to its five day average of 26,125 shares, an increase of 522.93 percent.

Oil and Natural Gas Corporation, Coal India, Lupin, Hindalco Industries, Honasa Consumer, Bajaj Hindusthan Sugar, Biocon, CRISIL, Endurance Technologies, Engineers India, Entero Healthcare Solutions, Indraprastha Gas, Indian Hotels Company, Indian Railway Catering and Tourism Corporation, Muthoot Finance, Natco Pharma, Petronet LNG, Rashtriya Chemicals and Fertilizers, SpiceJet, TVS Electronics, Welspun Living, and Zaggle Prepaid Ocean Services will release their quarterly earnings today.

Coal India was quoting at Rs 417.85, down Rs 5.20, or 1.23 percent.

It has touched an intraday high of Rs 425.95 and an intraday low of Rs 417.40.

It was trading with volumes of 383,154 shares, compared to its five day average of 361,266 shares, an increase of 6.06 percent.

Hindalco Industries was quoting at Rs 962, down Rs 3.70, or 0.38 percent.

It has touched an intraday high of Rs 965.15 and an intraday low of Rs 943.45.

It was trading with volumes of 243,426 shares, compared to its five day average of 184,770 shares, an increase of 31.75 percent.

#1 After strong FY26, tractors to normalise at 3-5 percent CAGR

#2 SUV launches and calibrated capacity expansion supportive

#3 Margins seen resilient despite EV ramp-up

#4 Early/strong El Niño remains key downside risk

Indian rupee is trading higher at 90.59 per dollar on Thursday against previous close of 90.70.

Gujarat Fluorochemicals Limited was quoting at Rs 3,335.00, down Rs 161.65, or 4.62 percent.

It has touched an intraday high of Rs 3,481.85 and an intraday low of Rs 3,308.10.

It was trading with volumes of 2,410 shares, compared to its five day average of 1,846 shares, an increase of 30.55 percent.

Abbott India was quoting at Rs 26,635, down Rs 259.05, or 0.96 percent.

It has touched an intraday high of Rs 27,379.90 and an intraday low of Rs 26,564.65.

It was trading with volumes of 785 shares, compared to its five day average of 358 shares, an increase of 119.40 percent.

GAIL India was quoting at Rs 163.45, down Rs 0.05, or 0.03 percent.

It has touched an intraday high of Rs 164.60 and an intraday low of Rs 162.05.

It was trading with volumes of 5,584,782 shares, compared to its five day average of 1,987,477 shares, an increase of 181.00 percent.

In the previous trading session, the share closed down 0.67 percent or Rs 1.10 at Rs 163.50.

The share touched a 52-week high of Rs 202.65 and a 52-week low of Rs 150.60 on 12 June, 2025 and 04 March, 2025, respectively.

Currently, the stock is trading 19.34 percent below its 52-week high and 8.53 percent above its 52-week low.

Market capitalisation stands at Rs 107,470.00 crore.

Hindustan Aeronautics was quoting at Rs 4,159.25, up Rs 27.10, or 0.66 percent.

It has touched an intraday high of Rs 4,173.65 and an intraday low of Rs 4,085.

It was trading with volumes of 183,779 shares, compared to its five day average of 91,789 shares, an increase of 100.22 percent.

In the previous trading session, the share closed down 0.89 percent or Rs 37.20 at Rs 4,132.15.

The share touched a 52-week high of Rs 5,166 and a 52-week low of Rs 3,045.95 on 16 May, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 19.49 percent below its 52-week high and 36.55 percent above its 52-week low.

Market capitalisation stands at Rs 278,160.24 crore.

Bharat Forge was quoting at Rs 1,631.30, down Rs 45.40, or 2.71 percent.

It has touched an intraday high of Rs 1,680.45 and an intraday low of Rs 1,621.10.

It was trading with volumes of 96,037 shares, compared to its five day average of 413,354 shares, a decrease of -76.77 percent.

In the previous trading session, the share closed up 3.83 percent or Rs 61.80 at Rs 1,676.70.

The share touched a 52-week high of Rs 1,688.55 and a 52-week low of Rs 919.10 on 11 February, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 3.39 percent below its 52-week high and 77.49 percent above its 52-week low.

Market capitalisation stands at Rs 77,990.60 crore.

Shadowfax Technologies was quoting at Rs 121.60, up Rs 2.60, or 2.18 percent.

It has touched an intraday high of Rs 121.60 and an intraday low of Rs 117.05.

The company has received an order from Banaras Locomotive Works worth Rs 411.17 crore for the supply, installation, testing, and commissioning of 505 units of On-board KAVACH, as per RDSO specifications.

Kernex Microsystems (India) was quoting at Rs 1,207.25, down Rs 30.75, or 2.48 percent.

It has touched an intraday high of Rs 1,294.55 and an intraday low of Rs 1,185.90.

It was trading with volumes of 38,544 shares, compared to its five day average of 6,056 shares, an increase of 536.50 percent.

#1 Margin-led beat supported by other income

#2 CV demand revival could drive next cycle

#3 Diversification reducing cyclicality risk

#4 Net cash balance sheet supports growth investments

Vikram Solar has entered into a working capital consortium agreement dated February 11, 2026 for renewal cum enhancement of its

existing working capital facilities sanctioned by working capital consortium led by Indian Bank.

In terms of the Consortium Loan Agreement, entire 9,49,60,893 equity shares of the Company, aggregating to 26.21% of the total equity share capital, which were pledged by the promoters of the Company, for securing the earlier working capital facilities availed by the Company, shall be released.

Vikram Solar was quoting at Rs 231.10, down Rs 5.40, or 2.28 percent. It has touched an intraday high of Rs 238.90 and an intraday low of Rs 229.05.

The Sensex was down 371.50 points or 0.44 percent at 83,862.14, and the Nifty was down 96.75 points or 0.37 percent at 25,857.10. About 1465 shares advanced, 2274 shares declined, and 152 shares unchanged.

#1 Revenue in-line, EBITDA/PBT beat expectations

#2 Custom synthesis and nutraceuticals growing 15 percent+

#3 Generics growth remains muted

#4 3 CDMO projects to commence sales from H2CY27

Divis Laboratories was quoting at Rs 6,219.00, down Rs 255.50, or 3.95 percent. It has touched an intraday high of Rs 6,473.20 and an intraday low of Rs 6,203.90. It was trading with volumes of 21,143 shares, compared to its five day average of 42,811 shares, a decrease of -50.61 percent.

In the previous trading session, the share closed up 4.89 percent or Rs 301.80 at Rs 6,474.50. The share touched a 52-week high of Rs 7,077.70 and a 52-week low of Rs 4,941.70 on 08 July, 2025 and 07 April, 2025, respectively. Currently, the stock is trading 12.13 percent below its 52-week high and 25.85 percent above its 52-week low. Market capitalisation stands at Rs 165,094.91 crore.

TVS Srichakra was quoting at Rs 4,700, up Rs 176.95, or 3.91 percent.

It has touched an intraday high of Rs 4,741.45 and an intraday low of Rs 4,368.95.

It was trading with volumes of 2,259 shares, compared to its five day average of 396 shares, an increase of 469.88 percent.

#1 Reiterates cost reduction to Rs 3,650/tonne by FY28

#2 Volume target 110 mt by FY28 from around 76 mt FY26

#3 Capacity expansion and higher utilisation key drivers

#4 Cement price rebound to support margin expansion

Ambuja Cements was quoting at Rs 534, down Rs 7.00, or 1.29 percent.

It has touched an intraday high of Rs 541.65 and an intraday low of Rs 533.30.

It was trading with volumes of 16,348 shares, compared to its five day average of 44,743 shares, a decrease of -63.46 percent.

In the previous trading session, the share closed up 0.51 percent or Rs 2.75 at Rs 541.

The share touched a 52-week high of Rs 625 and a 52-week low of Rs 455 on 22 July, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 14.56 percent below its 52-week high and 17.36 percent above its 52-week low.

Market capitalisation stands at Rs 131,995.37 crore.

Sutlej Textiles and Industries was quoting at Rs 33.00, up Rs 2.00, or 6.45 percent.

It has touched an intraday high of Rs 33.00 and an intraday low of Rs 30.21.

It was trading with volumes of 7,569 shares, compared to its five day average of 4,061 shares, an increase of 86.36 percent.

Tata Consultancy Services was quoting at Rs 2,767.75, down Rs 141.65, or 4.87 percent.

It has touched a 52-week low of Rs 2,763.40.

It has touched an intraday high of Rs 2,883.55 and an intraday low of Rs 2,763.40.

It was trading with volumes of 458,084 shares, compared to its five day average of 291,785 shares, an increase of 56.99 percent.

Oil and Natural Gas Corporation, Coal India, Lupin, Hindalco Industries, Honasa Consumer, Abbott India, Bajaj Hindusthan Sugar, Bharat Forge, Biocon, CRISIL, Endurance Technologies, Engineers India, Entero Healthcare Solutions, Hindustan Aeronautics, Indraprastha Gas, Indian Hotels Company, Indian Railway Catering and Tourism Corporation, Muthoot Finance, Natco Pharma, Petronet LNG, Rashtriya Chemicals and Fertilizers, SpiceJet, TVS Electronics, Welspun Living, and Zaggle Prepaid Ocean Services will release their quarterly earnings today.

#1 Near-term earnings hit from weak one-off Novelis performance

#2 Q3 adjusted EBITDA/tonne at USD 430, expect improvement from Q4 on better spreads

#3 Cost savings and stable tariffs to aid operating recovery

#4 Oswego fire to drag reported EBITDA/PAT for 2-3 quarters

#5 USD 200 million equity infusion likely, higher WC and capex to strain FCF

Hindalco Industries was quoting at Rs 960.10, down Rs 5.60, or 0.58 percent.

It has touched an intraday high of Rs 965.15 and an intraday low of Rs 943.45.

It was trading with volumes of 217,734 shares, compared to its five day average of 184,770 shares, an increase of 17.84 percent.

Asian stocks rose to a record high on Thursday, while the dollar firmed against most currencies except the yen after a surprisingly strong U.S. jobs report dented near-term rate cut expectations, setting the stage for inflation data on Friday.

Bondada Engineering has entered into a Memorandum of Understanding (MOU) with Bryanston Renewables FZCO, Dubai, UAE, for the development of green-powered data centres in India and select international markets.

Bondada Engineering was quoting at Rs 348, up Rs 11.85, or 3.53 percent. It has touched an intraday high of Rs 349 and an intraday low of Rs 336.20.

#1 Q3 EPS +45 percent YoY, strong operating leverage

#2 Margin expanded 120 bps QoQ

#3 Truck demand recovery broadening across segments

#4 EPS estimates raised 1-2 percent

Ashok Leyland was quoting at Rs 211.60, up Rs 5.35, or 2.59 percent.

It has touched an intraday high of Rs 212.30 and an intraday low of Rs 204.70.

It was trading with volumes of 1,265,429 shares, compared to its five day average of 1,746,643 shares, a decrease of -27.55 percent.

In the previous trading session, the share closed down 1.65 percent or Rs 3.45 at Rs 206.25.

The share touched a 52-week high of Rs 215.35 and a 52-week low of Rs 95.20 on 11 February, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 1.74 percent below its 52-week high and 122.27 percent above its 52-week low.

Market capitalisation stands at Rs 124,290.76 crore.

#1 Loss stands at Rs 5.9 crore Vs Profit of Rs 17.2 crore, YoY

#2 Revenue grows 10.4 percent to Rs 494.3 crore Vs Rs 447.7 crore, YoY

#3 Labour code impact stands at Rs 38 crore Vs Nil, YoY

#1 Profit rises 8.7 percent to Rs 204.6 crore Vs Rs 188.2 crore, YoY

#2 Revenue increases 4.7 percent to Rs 5,051.2 crore Vs Rs 4,824.8 crore, YoY

Godrej Industries was quoting at Rs 1,014.70, down Rs 1.05, or 0.10 percent.

It has touched an intraday high of Rs 1,060.85 and an intraday low of Rs 987.60.

It was trading with volumes of 3,079 shares, compared to its five day average of 2,656 shares, an increase of 15.93 percent.

BLACK BOX DO BRASIL INDÚSTRIA E COMÉRCIO LTDA., step down subsidiary of the company, has entered into a definitive acquisition agreement to acquire 2S Inovações Tecnológicas (2S), a leading Brazilian solutions integrator for an amount of around Rs. 275 Crores, payable at closing subject to working capital adjustments and additional deferred payments including earn-outs linked to performance over the next two year.

Power Grid Corporation of India has been declared as successful bidder under Tariff Based Competitive Bidding to establish Intra-State Transmission System for the project namely “Network Expansion scheme in Maharashtra for removal of Transmission constrains in Pune Region-I (765/400 kV AIS Pune East)” on Build, Own, Operate and Transfer (BOOT) basis.

Power Grid Corporation of India was quoting at Rs 293.60, down Rs 0.90, or 0.31 percent.

It has touched an intraday high of Rs 295.95 and an intraday low of Rs 292.60.

It was trading with volumes of 240,672 shares, compared to its five day average of 602,335 shares, a decrease of -60.04 percent.

#1 Positive on operating leverage and cost optimisation

#2 Benefits from group synergies and scale efficiencies

#3 Profitability expected to improve with utilisation gains

ACC was quoting at Rs 1,679.90, down Rs 16.50, or 0.97 percent.

It has touched an intraday high of Rs 1,703.90 and an intraday low of Rs 1,677.20.

It was trading with volumes of 2,209 shares, compared to its five day average of 7,314 shares, a decrease of -69.80 percent.

In the previous trading session, the share closed up 0.10 percent or Rs 1.75 at Rs 1,696.40.

The share touched a 52-week high of Rs 2,123.30 and a 52-week low of Rs 1,594.50 on 24 April, 2025 and 02 February, 2026, respectively.

Currently, the stock is trading 20.88 percent below its 52-week high and 5.36 percent above its 52-week low.

Market capitalisation stands at Rs 31,546.38 crore.

The Sensex was down 461.38 points or 0.55 percent at 83,772.26, and the Nifty was down 125.50 points or 0.48 percent at 25,828.35. About 1432 shares advanced, 2224 shares declined, and 160 shares unchanged.

#1 Revenue/EBITDA beat driven by hospital segment

#2 Realisation-led growth, occupancy stable

#3 750-800 beds to be added by FY27

#4 New beds to incur around Rs 150 crore initial losses

#5 24/7 business breakeven shifted to Q1FY27

Apollo Hospitals Enterprises was quoting at Rs 7,527.20, up Rs 23.25, or 0.31 percent.

It has touched an intraday high of Rs 7,545.25 and an intraday low of Rs 7,409.10.

It was trading with volumes of 7,163 shares, compared to its five day average of 30,670 shares, a decrease of -76.65 percent.

Eternal was quoting at Rs 295.50, down Rs 5.20, or 1.73 percent.

It has touched an intraday high of Rs 297.90 and an intraday low of Rs 291.35.

It was trading with volumes of 6,189,413 shares, compared to its five day average of 2,357,194 shares, an increase of 162.58 percent.

In the previous trading session, the share closed down 1.04 percent or Rs 3.15 at Rs 300.70.

The share touched a 52-week high of Rs 368.40 and a 52-week low of Rs 189.60 on 16 October, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 19.79 percent below its 52-week high and 55.85 percent above its 52-week low.

Market capitalisation stands at Rs 285,167.86 crore.

#1 Profit falls 14 percent to Rs 56.6 crore Vs Rs 65.9 crore, YoY

#2 Revenue rises 3.4 percent to Rs 636.1 crore Vs Rs 615.3 crore, YoY

#3 Labour code impact stands at Rs 15.84 crore Vs Nil, YoY

Orkla India was quoting at Rs 552.75, down Rs 14.35, or 2.53 percent.

It has touched an intraday high of Rs 568.15 and an intraday low of Rs 548.10.

#1 Strong outlook across SUVs, tractors and LCVs

#2 SUV growth to continue outperforming industry

#3 Q3 EBITDA margin 14.7 percent largely in-line

#4 Maintained as top pick in auto space

Mahindra and Mahindra was quoting at Rs 3,632.95, down Rs 41.70, or 1.13 percent.

It has touched an intraday high of Rs 3,716.65 and an intraday low of Rs 3,615.

It was trading with volumes of 52,722 shares, compared to its five day average of 79,789 shares, a decrease of -33.92 percent.

Indian rupee is trading higher at 90.58 per dollar on Thursday against previous close of 90.70.

#1 Profit sinks 65 percent to Rs 7.7 crore Vs Rs 21.8 crore, YoY

#2 Revenue plunges 11.6 percent to Rs 611.4 crore Vs Rs 691.5 crore, YoY

Himatsingka Seide was quoting at Rs 108.90, down Rs 2.10, or 1.89 percent.

It has touched an intraday high of Rs 110.70 and an intraday low of Rs 106.75.

It was trading with volumes of 11,150 shares, compared to its five day average of 43,526 shares, a decrease of -74.38 percent.

#1 Q3 revenue in-line, margin beat on favourable product mix

#2 Higher share of custom synthesis aided gross margin

#3 Peptide demand driving strong CS outlook

#4 Execution of 3 dedicated projects key for next leg of growth

Divis Laboratories was quoting at Rs 6,231.00, down Rs 243.50, or 3.76 percent.

It has touched an intraday high of Rs 6,473.20 and an intraday low of Rs 6,210.00.

It was trading with volumes of 16,950 shares, compared to its five day average of 42,811 shares, a decrease of -60.41 percent.

#1 Oswego fire impacted reported numbers despite solid core trends

#2 Adjusted EBITDA/tonne USD 430 (+6 percent YoY) indicates resilient demand

#3 Bay minette full plant commissioning targeted in H2CY26

#4 Cold mill commissioning to start in March, ramp-up to follow

Hindalco Industries was quoting at Rs 956.80, down Rs 8.90, or 0.92 percent.

It has touched an intraday high of Rs 965.15 and an intraday low of Rs 943.45.

It was trading with volumes of 168,644 shares, compared to its five day average of 184,770 shares, a decrease of -8.73 percent.

The Sensex was down 335.54 points or 0.40 percent at 83,898.10, and the Nifty was down 96.45 points or 0.37 percent at 25,857.40. About 1502 shares advanced, 2043 shares declined, and 173 shares unchanged.

#1 Maintains UV revenue leadership with strong order book

#2 Robust launch pipeline and execution driving gains

#3 Expect 20 percent EBITDA CAGR over FY26-28

#4 Q3 auto EBIT margin at 9.5 percent beat estimates

#5 Tractor segment seen growing 7 percent in FY27

Mahindra and Mahindra was quoting at Rs 3,629.35, down Rs 45.30, or 1.23 percent.

It has touched an intraday high of Rs 3,716.65 and an intraday low of Rs 3,615.

It was trading with volumes of 45,914 shares, compared to its five day average of 79,789 shares, a decrease of -42.46 percent.

In the previous trading session, the share closed down 0.02 percent or Rs 0.75 at Rs 3,674.65.

The share touched a 52-week high of Rs 3,840 and a 52-week low of Rs 2,360.45 on 05 January, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 5.49 percent below its 52-week high and 53.76 percent above its 52-week low.

Market capitalisation stands at Rs 451,320.14 crore.

#1 Strong growth across India and international markets

#2 Healthy margin expansion alongside scale benefits

#3 Management focussed on long-term growth over short-term margin

#4 EBITDA estimates raised 6-9 percent

#1 Profit rises 7.4 percent to Rs 53.7 crore Vs Rs 49.97 crore, YoY

#2 Revenue zooms 85.8 percent to Rs 784.3 crore Vs Rs 422.2 crore, YoY

#3 Exceptional loss stands at Rs 5.3 crore Vs gains of Rs 3.7 crore, YoY

TBO Tek was quoting at Rs 1,478.65, down Rs 58.20, or 3.79 percent.

It has touched an intraday high of Rs 1,569.35 and an intraday low of Rs 1,445.15.

It was trading with volumes of 8,719 shares, compared to its five day average of 5,277 shares, an increase of 65.23 percent.

#1 Profit surges 17.9 percent to Rs 56.3 crore Vs Rs 47.8 crore, YoY

#2 Revenue increases 10.4 percent to Rs 387.2 crore Vs Rs 350.7 crore, YoY

Garware Technical Fibres was quoting at Rs 770.75, up Rs 81.35, or 11.80 percent.

It has touched an intraday high of Rs 773.35 and an intraday low of Rs 712.05.

It was trading with volumes of 35,593 shares, compared to its five day average of 2,673 shares, an increase of 1,231.48 percent.