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P N Gadgil Jewellers reported record festive sales, with Navratri and Dussehra revenue up 65% YoY to ₹618 crore. Gold led growth, while diamond and silver sales also surged, boosting shares nearly 5% on NSE.
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V-Mart Retail Ltd shares surged nearly 20% on Friday after a robust Q2 FY26 update. The company reported 22% year-on-year revenue growth to Rs 807 crore and 11% same-store sales growth. Its expansion with 25 new stores further lifted investor sentiment.
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Nifty shows recovery, trading flat at 24,840, with analyst CA Rudramurthy BV noting a positive reversal pattern and key support at 24,580. He recommends buying on dips, citing domestic policy pushes and strong earnings potential. Metals, e-commerce, and PSU banks are favored sectors, with stock picks including Nykaa, Paytm, Eternal, and IndiGo.
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At least four major state-owned Indian banks have increased their internal limits for investing in state bonds following discussions with the Reserve Bank of India last month, according to five treasury officials aware of the decisions.
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Midcap stocks are leading the rally in FY26, with the BSE Midcap Index rising 9.1% versus Sensex’s 4.5%. Seven midcap companies, including GE Vernova T&D, Delhivery, and L&T Finance, have surged more than 50% in six months.
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