News Overview

PNB Gilts jumped nearly 20% after reports indicated that the Indian government is considering reducing taxes on government and corporate bonds for foreign investors. The proposed move could improve India’s appeal in global debt markets and boost foreign capital inflows.

Zaggle posted strong Q4FY26 earnings with profit rising 30.4% YoY and revenue jumping nearly 50%. The company also guided for 40% revenue growth in FY27, backed by AI-led expansion and overseas growth plans.

Indian IT shares extended losses for the fourth consecutive session as investors reacted to growing fears of AI-led disruption in the outsourcing industry. Nifty IT has declined over 11% in the past 30 days, with Infosys, TCS, HCL Tech, Wipro, and Tech Mahindra witnessing steep corrections amid concerns over OpenAI’s aggressive AI deployment expansion, weak global demand, and pressure on traditional IT business models.

HAL Q4FY26 results: Hindustan Aeronautics Limited posted a 6% YoY rise in net profit at Rs 4,196 crore, while revenue from operations increased to Rs 13,942 crore. HAL shares surged over 3% intraday following the earnings announcement.

Vishal Mega Mart posted robust Q4FY26 results as net profit jumped 45.9% YoY to Rs 168 crore, while revenue climbed 22.2% to Rs 3,114 crore. However, the stock declined nearly 4% in intraday trade.

MTAR Technologies shares surged nearly 10% to hit a fresh all-time high after the company announced a ₹2,278 crore international order win. Strong FY27 guidance, AI data-centre opportunities, and expanding aerospace and defence exposure boosted investor sentiment around MTAR share price.

Adani Enterprises shares surged to a fresh 52-week high after a major block deal worth ₹1,435 crore and Uber’s announcement of its first India data centre partnership with the Adani Group. Strong market momentum, fundraising plans, and digital infrastructure expansion boosted investor sentiment toward the stock.

NLC India shares rallied sharply and touched a 52-week high after the company posted a nearly threefold rise in Q4FY26 net profit. Strong earnings growth, renewable energy expansion, strategic mining approvals, and a proposed dividend announcement supported strong buying interest in the stock.

Kaynes Technology shares plunged more than 19% after the company reported weak Q4FY26 earnings and JPMorgan downgraded the stock to “Neutral.” While revenue grew strongly, margin contraction, lower profitability, and rising working capital concerns triggered sharp selling pressure in the stock.

HFCL hit a fresh 52-week high after a sharp rally of nearly 87% in a month, supported by strong Q4 FY26 earnings, rising export orders, and optimism around India’s telecom infrastructure and 5G rollout. The stock has significantly outperformed broader markets amid improving fundamentals and sectoral tailwinds.