Nifty 50 ended the session at 25,208, gaining 147.10 points or 0.59%. Bank Nifty ended the session at 57,204.95, gaining 448.95 points or 0.79%. Sensex also ended lower at 82,726.64, gaining 539.83 points or 0.66%.
Global Markets
- Europe triples its new entrance fee – The European Commission has proposed raising the ETIAS entrance fee for visa-exempt travelers from €7 to €20, citing inflation, rising operational costs, and alignment with similar fees in other countries. The ETIAS system is expected to roll out by late 2026.
- German Auto giants saw gains on the successful trade deal between the US and Japan – Shares of Europe’s top automakers surged on Wednesday, with Volkswagen, BMW, and Mercedes-Benz rising over 5%, while Porsche jumped 8%. The rally followed optimism that a U.S.-Japan trade deal could positively impact upcoming negotiations with other major auto exporters like the EU and South Korea, according to Citi economist Katsuhiko Aiba.
- The Dow Jones Futures is currently trading at 44,748 levels, or 0.55% up
- The FTSE is currently trading at 9,074.57 levels or 0.56% up
- DAX is currently trading at 24,262 levels, or 0.92% up
Asian Indexes
- Nikkei 225 closed up 3.39%
- Hang Seng closed up 1.60%
- Kospi closed up 0.43%
Stock News
- Bombay Dyeing: Stock surged 14% after reports suggested that Jehangir Wadia (the younger son of Wadia Group chairman Nusli Wadia) has rejoined the business and will lead its transformation from a textile-focused brand into a consumer-driven real estate venture.
- MAS Financial Services: Stock in focus after announcing a 21% growth in its AUM collection, which now currently stands at Rs 13,298.50 crores.
- PNB Gilts: Stock surged 12% post-reporting a 28% increase in Q1 revenue and an increase of 200% of net profit on a year-on-year basis. It reported a Q1 revenue of Rs 563.26 crore and a net profit of Rs 160 crores.
- GNG Electronics: The latest ipo is subscribed almost by 7 times. GNG Electronics is involved in providing refurbished products to its consumers.
- Reliance Industries: Stock in focus after European Union warns refiners purchasing Russian-made oil. This comes after US Senator Lindsey Graham warned India, China, and Brazil to crush their economy by imposing higher tariffs on the countries.
- Vedanta: Stock in focus after it is declared as the preferred bidder for the Janthakal Iron Ore Mine. The mine is at the G3 level of exploration with a total area of 71.16 hectares.
- RattanIndia Power: Stock in focus after reporting 12% decline in YoY revenue to Rs 822 crore, additionally, it reported a loss of Rs 13.11 crore in Q1 FY26 as compared to a profit of Rs 93 crore a year ago.
Top gainer/Top loser (Nifty 500)
| Top gainers | Top losers |
|---|---|
| MRPL (7.38%) | Lodha Developers (-7.65%) |
| Ola Electric (6.55%) | Aditya Birla Real Estates (-5.51%) |
| Elgi Equipments (6.1%) | Triveni turbine (-4.9%) |
| Credit Access Grameen (5.42%) | Mastek (-4.05%) |
| Olectra Greentech (5.15%) | Zee Entertainment (-3.95%) |
Written by Satyajeet Mukherjee
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